Ouster (OUST) investor relations material

Executive summary

• Achieved record Q2 2026 revenue of $55 million, up 56% year-over-year, with over 17,000 sensors shipped, marking the 14th consecutive quarter of product revenue growth and reflecting strong demand and strategic execution.

• Launched Rev8, the world's first native color lidar, and ZED X Nano, expanding leadership in Physical AI and robotics markets, with ZED X Nano being the most successful launch in Stereolabs history.

• Integration of Stereolabs and deepened partnership with NVIDIA enhanced the unified sensing and perception platform.

• Strengthened balance sheet with $263 million in cash and no debt, following successful capital raises.

• Net loss for Q2 2026 was $18 million, improving by $2 million year-over-year.

Financial highlights

• Q2 2026 revenue reached $55 million, a 56% increase compared to the same quarter last year.

• Shipped over 17,000 sensors (lidar and camera), setting a new quarterly record.

• GAAP gross margin was 49%, up from 45% year-over-year, aided by a one-time refund impacting margin by 1,000 basis points.

• Non-GAAP gross margin was 53%, up from 52% year-over-year.

• Adjusted EBITDA loss was $4 million, a $1 million improvement year-over-year.

Outlook and guidance

• Q3 2026 revenue guidance is $54.5 million to $57.5 million, with Rev8 ramping to production volumes.

• Full-year revenue expectations remain unchanged.

• No additional capital needed to fund current operating plan on the path to profitability.

• Management expects continued investment in R&D and sales/marketing to drive growth.