OUST

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 5:00 p.m. ET Senior Vice President, Strategic Finance & Treasurer - Chen Geng Chief Executive Officer - Angus Pacala Chief Financial Officer - Ken Gianella Operator: Hello, welcome to Ouster's second quarter 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After today's presentation and remarks, there will be an opportunity to ask questions. If you would like to ask a question during this time, simply press star followed by 11 on your telephone keypad. If you would like to withdraw your question, press star one again. The call today is being recorded, and a replay of the call will be available on the Ouster investor relations website an hour after the completion of this call. I'd now like to turn the conference over to Chen Geng, Senior Vice President, Strategic Finance & Treasurer. Please go ahead. Chen Geng: Thank you, operator, good afternoon, everyone. Thank you for joining our second quarter 2026 earnings call. Today on the call, we have Chief Executive Officer Angus Pacala, and Chief Financial Officer Ken Gianella. As a reminder, after the market closed today, Ouster issued its financial news release, which was also furnished on a Form 8-K and is posted in the investor relations section of the Ouster website. Today's conference call will be available for webcast replay in the investor relations section of our website. I want to remind everyone that on this call, we will make certain forward-looking statements. These include all statements about our competitive position, product advantages and growth opportunities, anticipated industry trends, our business and strategic priorities, our operating expense targets, the impact of our recent acquisition, the development and expansion of our products, our products' capabilities and performance, and our revenue guidance for the third quarter of 2026 and long-term financial targets. Actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause actual results and trends to differ materially from those contained in or implied by these forward-looking statements are set forth in the second quarter 2026 financial results release and in the quarterly and annual reports we filed with the Securities and Exchange Commission. Any forward-looking statements that we make on this call are based on assumptions as of today. Other than as may be required by law, Ouster assumes no obligation to update any forward-looking statements, which speak only as of their respective dates. In today's conference call, we will discuss both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures discussed today is included in the financial results release. I would now like to turn the call over to Angus. Angus Pacala: Hello, everyone, and thank you for joining us today. I'll start with a brief recap of the quarter and an update on our strategic priorities before Ken covers our financial results in more detail. We delivered exceptional results for the second quarter, generating $55 million in revenue and shipping over 17,000 sensors. This marks our 14th straight quarter of product revenue growth and is a testament to the strength of our unified sensing and perception platform. We had strong contributions from our industrial and smart infrastructure verticals for use cases in warehouse automation, yard logistics, port automation, mining, and ITS. Across the world, customers have continued to scale their investment in Physical AI. Our smart infrastructure business continues to scale, with major deployments in New Jersey and Georgia to support the 2026 FIFA World Cup. The New Jersey DOT deployed Ouster BlueCity to create a digital traffic twin across 42 highway locations around MetLife Stadium. In Georgia, we deployed BlueCity at an additional 30 intersections across the Atlanta area, including around Mercedes-Benz Stadium. Upon the conclusion of the World Cup, BlueCity will continue to provide high-fidelity traffic monitoring, automated data analytics, and real-time safety alerts designed to optimize traffic and enhance the safety of everyday residents in these locations. Ouster sensors are helping industrial customers like AIM Intelligent Machines improve safety and productivity for autonomous operations in complex, unstructured environments. AIM's autonomy kits retrofit heavy machinery into AI-powered fleets that maximize safety and productivity. We expanded our footprint in the defense industry with a strategic agreement with ARGUS Interception and announced a collaboration with FieldAI to leverage Rev8 to power the next generation of robotic autonomy in markets like construction, mining, and security. The second quarter was also a period of strategic execution and expansion for Ouster. We brought the world's first native color lidar sensors to customers with Rev8 and set a new standard for wrist-mount stereo vision with the ZED X Nano. We also deepened our partnership with NVIDIA, bringing Rev8 to the NVIDIA DRIVE and Jetson platforms. With dedicated NVIDIA toolkits supporting direct data ingestion and drivers designed to leverage Jetson Orin and Thor, Ouster is providing customers with a production-ready ecosystem that is critical to solve the most complex challenges in Physical AI. We are actively scaling our Rev8 production lines and anticipate reaching production volumes by the end of the quarter. As previously announced, we expanded our partnership with Benchmark to support Rev8, establishing manufacturing capacity that ultimately exceeds 100,000 units per year. We also achieved Build America, Buy America compliance for Rev8, which makes Rev8 and BlueCity eligible for deployment in U.S. government-funded infrastructure upgrades. Finally, we continue to bolster our strong operational execution with disciplined financial management. Building upon an already resilient balance sheet, the additional capital we raised provides us with the ability to fully fund our current business plan while providing immense strategic flexibility. This strength gives our customers ultimate confidence in our ability to serve their needs and serve as their foundational Physical AI partner. Turning to our 2026 strategic priorities, we progressed across all three key focus areas, revolutionizing our lidar camera and AI compute products, extending our leadership in Physical AI solutions, and executing towards profitability. The launch of Rev8 was the most important product release in Ouster's history and a pivotal moment for Physical AI. Featuring the world's first native color lidar, Rev8 has set a new industry benchmark and delivers the holy grail for 3D spatial perception. Feedback from customers has been electric, calling Rev8 a massive leap in sensing capability that provides unprecedented situational awareness to scale next-generation Physical AI solutions where it matters most. Engineered for functional safety and built for scale, Rev8 is driving commercial momentum across all of our verticals. From the harsh, demanding environments of mining and construction sites to the dynamic, complex worlds of robotaxi fleets and statewide traffic networks across the country, Rev8 is cementing Ouster as a core perception partner for market leaders scaling real-world autonomy. Customer response has been immediate, highlighted by multiple million-dollar-plus orders, including the world's largest manufacturer of heavy machinery, a leading developer of autonomous agriculture equipment, and a top autonomous vehicle provider. During the quarter, we secured a significant order to provide the Utah Department of Transportation with its largest lidar deployment to date, covering several 100 intersections across the state. With native color and industry-leading performance, Rev8 is solidifying our market leadership and deepening relationships across these and other key accounts. Our acquisition of Stereolabs is already proving strategic and financial value. The ZED X Nano was the most successful launch in Stereolabs' history and expanded our reach into industrial and robotics markets, winning new sockets requiring smaller form factors. By delivering high resolution and ultra-low latency capture pipeline and millimeter accuracy, we're giving roboticists a major upgrade to their vision systems, enabling machines to sense, think, act, and learn with unprecedented precision. With a unified lidar camera and AI compute stack, Ouster is providing customers with the world's most capable perception platform. We also upgraded our Gemini and BlueCity software solutions with Rev8, opening up a new level of spatial intelligence. This breakthrough introduces the industry's first native color lidar detection system, simultaneously capturing both color and 3D depth information without the need for complex calibration. Powered by the Rev8 OS1 Max, we released advanced detection for BlueCity, delivering double the range and resolution of previous generations and achieving multimodal detection and classification up to 500 ft. By providing unmatched situational awareness and delivering precise, high-fidelity digital traffic twins, Rev8 opens up higher speed markets and allows transportation departments to further optimize signal timing based on real-time data to improve traffic flow while reducing their total cost of ownership. Privacy is paramount for this market, and we designed BlueCity with system-level privacy features at the edge to reduce the collection of identifying features. Ouster BlueCity has quickly become a premier traffic management solution, including the three largest lidar-based deployments in the U.S., and our goal is to be the number one provider of smart infrastructure solutions. Since its launch in 2023, we have established Gemini as a standard for sensing and perception, providing the real-time digital traffic twin necessary for our smart infrastructure customers to increase their efficiency and safety. We see an enormous opportunity in our other verticals to provide software solutions for everything that moves in the physical world. Similar to smart infrastructure, these customers need a less technical, turnkey solution that is easy to deploy. We will continue to invest in products and solutions that broaden our market opportunity and help accelerate our customers' development. Finally, our strong results are aligned with our long-term financial framework. We are making strategic investments to expand our addressable market while maintaining our path to profitability. With that, let me now turn the call over to Ken, who will provide more context on our second quarter financial results. Ken Gianella: Thank you, Angus. Hello, everyone. In the second quarter, we delivered a record quarter of revenue and number of sensors sold and introduced multiple new products to the market. These are important proof points in our continued execution against both our financial and operational goals. These results reinforce our confidence in the long-term financial model, supported by continued operating leverage and strong customer demand across our served markets. Turning to the second quarter financial performance. Operating results were again strong, with revenue of $55 million. This represents an increase of approximately 56% compared with the second quarter last year. The industrial vertical was the largest contributor to the second quarter revenue, followed by smart infrastructure. We shipped over 17,000 sensors, a new quarterly record, which included over 9,000 lidar and over 8,000 camera sensors. Royalty revenue in Q2 was approximately $1.9 million. For the first half of the year, royalty revenue was approximately $2.2 million. We continue to estimate total royalty revenue in 2026 to be around $5 million for the full year. GAAP gross margin was 49%, up from 45% in the same quarter last year. A one-time refund was included in our cost of goods sold, which positively impacted gross margin by approximately 1,000 basis points. As a reminder, in the second quarter of 2025, we had a one-time refund, which positively impacted us by approximately 500 basis points. We do not expect these one-time benefits to reoccur in our ongoing normal operations. GAAP operating expenses were $47 million, an increase of approximately 10% from the second quarter last year. The increase was primarily due to the addition and integration of Stereolabs for a full quarter, new product introductions with the Rev8 and ZED X Nano, and recent investments in expanding our Physical AI solution portfolio. We are closely monitoring our operating expenses and anticipate the third quarter expenses to be 5%-8% higher year-over-year. Our Adjusted EBITDA in Q2 was a -$4 million, which was an improvement of approximately $1 million from the second quarter last year. Turning to our balance sheet, we ended the quarter with cash equivalents, restricted cash, and short-term investments of $263 million and no debt. This figure includes approximately $98 million raised in the second quarter through our previously discussed ATM program. At the beginning of the third quarter, we further strengthened our cash position through a successful offering of common stock, which closed on July 6th. Given the favorable market conditions at the time and corresponding strong investor demand, we closed a common stock offering that generated approximately $191 million in net proceeds. Upon completion, we had approximately 72 million shares outstanding. This strategic financing decision gives us additional capital to support our growth objectives, invest in opportunities we see across our markets, and further strengthen what is already one of the industry's strongest balance sheets. After this most recent financing, we do not expect to need additional capital to fund our current operating plan on our path to profitability. Turning to our guidance. Total revenue for the third quarter of 2026 is expected to be in the range of $54.5 million-$57.5 million, with the ramp of Rev8 to production volumes expected to occur throughout and into the latter part of the third quarter. Our full-year revenue expectations remain unchanged. The acquisition of Stereolabs, introduction of Rev8 and ZX Nano, and our expanding software and AI solutions are great proof points towards our continued investment to be a leader in sensing and perception for Physical AI. Our execution continues to build confidence in our long-term financial model. I'll now turn the call back to Angus for his closing remarks. Angus Pacala: The second quarter continued the momentum of the most transformative year in Ouster's history. With the landmark launch of Rev8 and the ZX Nano, the integration of Stereolabs, a strengthened partnership with NVIDIA, and significant strategic flexibility provided by our capital raises, Ouster is further extending its leadership as the foundational end-to-end sensing and perception platform for Physical AI. Our focus remains on providing the industry's most performant products and solutions, dramatically simplifying system integration, and accelerating time to market for the world's most innovative companies. The resounding customer feedback we received enforces our strategic path. I'd like to open the call up for Q&A. Operator: Thank you. We will conduct the question-and-answer session. As a reminder, to ask a question, you will need to press star one on your telephone and wait for your name to be announced. To withdraw your question, please press star one again. Our first question comes from the line of Colin Rusch of Oppenheimer. Your line is now open. Colin Rusch: Thanks so much, guys. Can you give us a sense. You mentioned some of these orders that you're talking about. The bookings and kind of backlog that you guys are looking at, some order of magnitude or quantification of what you're looking at that's already been kind of put into your expectations for revenue ramp over the next couple of years. Angus Pacala: Hi, Colin. Yeah, good question. We gave a bit of color as it pertains to this year, Q3, Q4, Our revenue expectation remains on track, just given the really strong reception to Rev8. It's been one quarter with Rev8 out being sold, we've already racked up very significant wins with Fortune 500 companies, millions of dollars worth of orders, and now we're ramping the production to ship the product at volume scale this quarter. Rev8 will fuel the core of our business for my expectation the next five years. We have very strong signal on that being the case, just given the reaction that we've already had and how much better the Rev8 platform is and how expanded the Rev8 platform is with the long-range Max sensors and RGB sensing versus Rev7, which has been the core of our business for so long. Adding on top of that, Stereolabs, which is having an exceptional year. We're sitting on 50%+ year-over-year product revenue growth as a company and feeling very, very bullish about both this year and the future of Ouster. Yeah. Not giving exact bookings numbers on the full year quite yet, but feeling really great about the business, for sure. Colin Rusch: Thanks. Can you just talk about the competitive landscape a little bit? Now that you've got a couple of very differentiated capabilities in the sensors, coupled with the software capability, can you talk about how competitive some of these being efforts are and how you're thinking about pricing on a relative basis? Angus Pacala: Well, I view the lidar is not an easy business. Physical AI is not an easy business. These are new technologies that require significant investment, and I visualize this as almost as a flywheel of investment that gains momentum slowly but considerably year in and year out for any company that's able to be consistent and focused in their strategy and investment over that long time period. I think NVIDIA is such a great example of this, sticking to their guns and investing in edge compute and we see the results. That was a strategy compounded over decades, and I view Ouster the same way. We are sticking to what we do best, cutting edge technology and sensing perception, whether it's a camera, a lidar, the compute, and the algorithms that run on them. This is a virtuous cycle that has an immense amount of institutional inertia in it that gives us an edge today, but accelerates and keeps that momentum for the next five years. In terms of competitors coming and just catching up, given that there's this amount of investment needed, I don't see anyone just kind of jumping into the mix and being able to build what Ouster has built in a year or a couple of years for that matter, given that I've been at this for 11 years straight. Yeah. I think that Ouster is yet to have any major misstep on strategy, technology, product mix, or M&A, and that can't be said for a lot of our competitors. I'm feeling very good about how we position Ouster across all of our markets for the foreseeable future. Ken Gianella: Just the only thing I'll add on to that, Angus, is the software piece of it that he discussed was taking all that infrastructure that Angus just put together and then having products like BlueCity that go end to end into the marketplace and expanding that software component with the investments that we're doing in our software. It's very hard for any company to match the investment that Ouster's done in that area. We are one of the few companies, if not only companies out there that have that end-to-end game book in play. Colin Rusch: Perfect. Thanks, guys. Operator: As a reminder, to ask a question, you will need to press star one on your telephone. Our next question comes from the line of Kevin Cassidy of Rosenblatt Securities. Your line is now open. Kevin Cassidy: Yeah, thanks for taking my question, congratulations on the ramp of Rev8. Maybe just along those lines with Rev8, were there any orders that you couldn't ship for the quarter because Rev8 wasn't available, or let's say even for this quarter in the guidance, is there potential that if you could make more, you could guide for a higher revenue? You have more orders than you do product. Angus Pacala: Well, we always carry a backlog in our business. We maintain inventory and a healthy backlog for the lidar business and increasingly for the Stereolabs camera business. That's kind of a I can answer it technically, there could be more revenue to ship, but it's at the sacrifice of backlog, which we wouldn't want to do, we also want to uphold our lead time obligations and shipment schedules with our customers. What we're guiding to is what we think we can ship realistically in revenue each and every quarter. There's not that much wiggle room within that guide. Kevin Cassidy: Okay. Maybe on BlueCity, it seems Utah is starting to release more orders and what is the timeframe, or can we expect that in Atlanta or Stamford, Connecticut or even Northern Jersey that your foothold will expand? Is there a timeframe expected for that, or do you just sit and wait? Angus Pacala: Yeah. I see the expansion happening all the time. While I don't know exactly what will happen in Atlanta or New Jersey specifically, the trend is customers get their hands on BlueCity, they deploy POCs, then they deploy citywide scale or statewide scale. It works, then they order more and more. Utah is one of the earliest adopters, been a really strong customer of ours. They're furthest along, perhaps, in adopting the BlueCity product. When they saw the advanced detection capability that we came out with, 500-foot sensing with full RGB OS1 Max sensors, they were first in line because they knew how well it would work on Utah's big wide-open roadways. That is absolutely an indication of where this market is going and the competitiveness we bring to it with the new OS1 Max Rev8 sensors. There's a huge part of the market that we now have broader access to because they're bigger roads, bigger, wider roads with higher speed traffic, where the longer range is pretty critical. Yeah, a lot of momentum in BlueCity, and I would say that the trend is customers get their hands on it and they order more and more. Very few customers are kind of stagnant in this industry for us, given how good the product is. Ken Gianella: We gave a number at the beginning of the year, just to add to that, Kevin, of about 15% of our sales were based off of BlueCity and Gemini-based products. We expect and would like to see that continue to grow upwards as the years go on. A bigger portion of that type of BlueCity content being a larger portion of our revenue in the years to come. Kevin Cassidy: Okay, great. Thanks. I'll get back in the queue. Operator: Thank you. Our next question comes from the line of Suji Desilva of Roth. Your line is now open. Suji Desilva: Hi, Angus. Hi, Ken. Congratulations on the progress here. Ken Gianella: Thank you. Suji Desilva: I want to follow up on the questions on ITS, intelligent transport. I'm curious, you have a bunch of customers already, but in the deal pipeline, are you seeing any exogenous factors that are maybe causing an inflection in the inbound interest or activity in terms of layering on deals and kind of growing this functionality out there beyond the initial customers you have? Angus Pacala: That's a great question. There's a lot going on. We've actually invested a huge amount into BlueCity this year and the go-to-market, and we're starting to see the payoff of that. Rev8, I can't stress it enough, the OS1 Max advanced detection, long-range detection opens up about half the market. The market, as a reminder, in North America, there are 300,000 signalized intersections in North America. We have 100s, rapidly moving to 1,000s of intersections deployed. It's still a very small fraction of the total market that we can go and capture. We're not going to be gated by the market size in the foreseeable future, and we have the best product in the market. I'm convinced of that. Yeah, I think that the first six months of this year have been a huge inflection point for our BlueCity business, given the investments we've made in the go-to-market strategy and the product development on the software side, and then integrating this new Rev8 RGB OS1 Max capability. Suji Desilva: Okay, great. Thanks, Angus. Then just on an end market that's emerging here, robotics. Just want to understand how that might play out for you guys, what you're seeing in initial sort of discussions and, are we early in this or is there contribution already or coming soon? Just an update there where robotics is as an end market for you guys. Angus Pacala: Yeah, robotics has been an incredible business for us. Q2 was the first full quarter with Stereolabs under the Ouster umbrella. Stereolabs is stereo cameras and monocular camera products, including their release of the ZED X Nano, which is a special stereo camera for wrist-mounted manipulation on humanoid and robotic arms. They have the most competitive set of products for this hypergrowth humanoid and robotic manipulation market. We've seen incredible kind of interest and uptake from that customer set. I feel like I'm in the thick of this industry, that it was kind of lidar adjacent. Now with Stereolabs under the umbrella, we are pushing every last camera we can through our manufacturing supply chain to get them to customers because of this voracious appetite for Physical AI systems in that category set. Suji Desilva: Okay. Appreciate the color. Thanks, Angus. Thanks, Ken. Operator: Thank you. Our next question comes from the line of Tim Savageaux of Northland Capital. Your line is now open. Tim Savageaux: Hey, good afternoon, and congrats on the revenue growth in the quarter. I'll just start with that last question, which is going to be about kind of capacity overall. You mentioned the announcement with Benchmark and the 100,000+, I gather, for lidar sensors. My first question was going to be, running where you are, which is below 40,000 currently annualized, what prompted, I guess, that announcement? I think it's a Rev8 launch, but how long do you think till you get there, I guess, to that type of capacity metric from where you are currently? That's from a lidar perspective, and given your comments you just made about Stereolabs. Are there similar capacity dynamics there regarding what you have currently relative to what you're shipping and where you'd like to be from a capacity standpoint? Angus Pacala: Yeah. We need to be investing in the capacity plan for the lidar because if you actually look at our lidar unit volumes, they're up 70% year-over-year. They're way up, and I expect that to continue. This adoption of Physical AI systems has really caught us by storm, and we're shipping a lot more lidars year-over-year, and that compounds very quickly from 40,000 unit a year run rate on up to 100,000. We'll have to be expanding beyond 100,000 because we always want to have excess capacity to make sure that we can meet last minute, as product SKU changes in our customer set. We have a really good handle on it because of the long-term relationship we've had with BET, with Benchmark. Part of the rationale of the merger from that team was finding a partner like Ouster that knew how to scale production, and that's really playing out. We have a major focus on maturing their manufacturing strategy and their capacity because of the explosion in demand that we're seeing out of their customer base. It couldn't have come at a better time for them that we now have the entire Ouster operations team and our COO, Darien Spencer hyper-focused on this scaling effort. Yeah, there's definitely a lot of work we're doing to just meet the demand on the Stereolabs side. Tim Savageaux: Sticking with that for the moment. I know it, a full quarter here, but it's a pretty big stub last quarter. Seemed to be a pretty sharp uptick in Stereolabs sensor unit shipments that goes well beyond the inclusion of a full quarter. Was that ahead of your expectations, and is it fair to tie that to humanoid robotics demand, or are there other drivers there? Ken Gianella: I think the first thing is it's within the plan that we have for the full year for them. We're really excited in how we looked at that. We anticipated this ramp up once we got a hold of them heading into the back half of the year. The capacity piece of it, and especially in this marketplace with as hot as robotics is right now, you have to have the capacity to serve as the demand comes in. You don't want that order slipping or pushing to another provider, potentially. We are investing this quarter, and we're going to continue to invest the next couple of quarters in building their capacity to ramp expectations, not just what we've already laid out for this calendar year. Angus Pacala: We guided at the beginning of the year, we expect that to grow at least at the midpoint on a year-over-year basis, 40%. We see this progressing as a multiyear thing. Having that capacity to go into 2027 and beyond is important to start driving that now. Tim Savageaux: Last question from me, you mentioned, you talked about humanoid robotics more in the context of cameras, but at least certain configurations or certain units seem to have, in some cases, a couple of lidar sensors on them. Is there a lidar sensor opportunity here as well in humanoid robotics, or should we think of that more focused on cameras? Angus Pacala: I'm just looking at the humanoid platforms, there's upwards of 100-200 of them that I've seen. Every one of them has six to 12 cameras, sometimes more, then a small subset have lidar. Yes, there is absolutely an opportunity for lidar, as we continue to build different form factors of our lidars, there could be better fits in terms of form fit and function for the humanoid market. Right now, that's a solidly camera-first market. The broader question, we have seen a lot of cross-selling opportunities within the customer set outside of just humanoids. Stereolabs has a lot of industrial customers, a lot of heavy equipment customers. There, we're getting inbound saying, "Hey, we're already buying a Stereolabs camera. We are looking at layering in lidar or safety lidar of some kind. Can we just buy Ouster?" Vice versa. Huge number of customers in the lidar domain, traditional Ouster customers that have been sourcing cameras somewhere and now they're coming to us saying, "Hey, we'd much rather source this all from one reputable partner, can we buy these stereo cameras now?" The cross-selling has emerged organically, which is great to see. It's just part of the thesis that customers would prefer a business combination of two companies like Stereolabs and Ouster. There's obviously some inorganic outbound stuff that we're doing with the sales teams to cross-sell. Tim Savageaux: Thanks very much. Operator: Thank you. Our next question comes from the line of Andres Sheppard of Cantor Fitzgerald. Your line is now open. Andres Sheppard: Hey, everyone. Good afternoon. Congratulations on the quarter and all the great progress. Thank you for taking our questions. I think a lot of the things we wanted to touch on have been asked, but maybe a two-part question Angus Pacala, are you able to share how should we be thinking about cadence and unit mix going forward between lidars and cameras? Not looking for a specific number, but just maybe percentage-wise or just how are you thinking about that and how we should be thinking about that going forward in terms of the split. Then the second part of that question is if you could maybe highlight what you see as the key upcoming catalyst that investors should be aware of. Thank you. Angus Pacala: Yeah. Thanks for the question, Andres. The unit mix expectation somewhat follows the ASP difference between these technologies. Cameras at much lower ASPs than the lidar sensors. They're also, cameras are directional versus our lidars are 360, so you need more of them to cover the field of view of a robot. Right now, Stereolabs is a smaller company that's now becoming a mid-size kind of entity within Ouster, and I see their unit volumes increasing and outpacing the unit volume increase of lidar just because of the dynamics. More cameras are deployed on these robots because they're at lower ASPs and they need to be positioned to cover the field of view of the robot differently than a lidar. That's good news for us. It doesn't mean we're going to sell fewer lidars. We see our lidar unit demand also accelerating, but just accelerating at a slightly slower pace than the cameras. Then in terms of catalysts for the business, there's so many things that we're doing right, and we're just starting to feel the positive effects of the Rev8 release across all of our verticals. I've talked a ton about that, but native color is such a big deal to this customer base. It really blew away my expectations, the customer reaction to native color lidar. We have almost universal adoption of native color in the Rev8 customer set. Then you layer on that the stereo cameras and the ZED X Nano that was released and the future roadmap that we have there. Finally, the unified sensing and perception stack that we're building has resonated with customers. If we talk about a catalyst that's a little further in the future, it's the ability to bundle all of this technology, compute cameras and lidars and the software that runs it together in a way that speeds customers' time to market. Gets practical Physical AI that's safe, efficient, capable in the hands of the thousands of customers that we're already serving today with just hardware. That's the mission of the company, or one of the big missions of the company going forward for the next couple of years is transitioning from a fantastic ecosystem supplier of these parts to a solutions provider that's providing the full stack software that underlies all of Physical AI. That's going to be a big catalyst for us in the next five years. Andres Sheppard: Excellent. Thank you very much, Angus. Maybe just as a quick follow-up, I think we talked a lot about robotics and humanoids. I wanted to come back maybe to drones following your previous certification there. Just curious if you could maybe give us some color, what kind of near term or medium term opportunities you might be pursuing as it pertains to drones, and maybe how material do you expect this segment to be going forward? Thank you. Angus Pacala: Drones are very interesting for us. I think Rev8, we have a couple capabilities in Rev8, native color, improved accuracy, precision, and range that are very specific or useful in the drone surveying market and drone navigation market. I've been talking with a lot of drone customers lately, just getting Rev8 in their hands, and there's been an extremely positive reaction to what Rev8 can do, either as a surveying payload or as a navigation payload on drones. Obviously things like a Buy American, Build American certification is helping immensely in that market. We previously have the Blue UAS certification on REV7 products. You can anticipate maybe that's where we could invest more in Rev8 as well. There's a lot of things that are going to be tailwinds in that market, the customer reaction to Rev8 has been really, really good in the drone market. I definitely see it as a growth area for us through the end of the year. Andres Sheppard: Well said. Thank you so much, everyone, and congrats again on the quarter. We'll pass it on. Operator: Thank you. Our next question comes from the line of Richard Shannon of Craig-Hallum. Your line is now open. Richard Shannon: Well, thanks, Angus and Ken, let me ask a couple questions. Apologies for potentially asking questions that have already been asked. I got on the call a little bit late here. I did want to follow up on Rev8. We've heard a couple of questions and answers so far, and it sounds like the reaction's been at least as strong as you were hoping for when you announced it last quarter here. Angus, I'd love to get a sense from you of what kind of pace of adoption we're seeing here. Can you talk about, as an example, how much of your revenue base was Rev8 in the second quarter? I know it's early, but I'd love to get a sense. Do you have any idea of how long of a timeframe to look for when Rev8 crosses over REV7? Angus Pacala: I have an expectation. Well, I guess we've done this now, this will be the eighth or seventh product transition that we've done at Ouster, right? Rev8, seven times we've transitioned the customer base across revisions. We do have really good information on how quickly customers transition. REV7 has been a product out in the market for three years, homologated into customer designs, certified by end customers. There are going to be reasons completely unrelated to the benefits of Rev8 why customers may stick with REV7. It's core to our strategy that we actually remain a dependable source of REV7 sensors for years and years to come. That's good for our customers because, again, they've spent money homologating into REV7. There are also new customers that see Rev8 as the solution to a problem they could never solve before and are rapidly adopting it, or totally new customers that we've never served before that now that we're capturing because of Rev8's unique capabilities, et cetera. This will be a two-year transition, is my expectation for the entire customer base, but it rapidly becomes a critical part of our revenue. We're entering volume production because it is. At that point, it's a critical part of our revenue. That's happening in the second half of this year, no question. I think it's less important to track the exact mix of Rev7 to Rev8 over the next 18 months, so long as the adoption is in the direction of Rev8, which I'm absolutely confident it will be, just given all the value it brings. Yeah, managing a customer's transition in this kind of market is really critical, and it's one of the additional benefits we bring to the table. We spend a lot of time in the background making sure Rev8 is backwards compatible with a lot of Rev7 capabilities for the customers that need that so they can adopt. I won't bore you with all the details, but there's a lot of work that goes on here. Ken Gianella: Yeah, I'll answer your other part of the question real quick. It was minor prototype sales that we had in Q2 that were in our numbers, but we expect that with production ramp to increase quarter-over-quarter into the back half. Richard Shannon: Okay. Angus, that was great perspective. Thanks for that help there with Ken as well. Second question is on gross margins here. I missed some of the prepared remarks here, and I know there's some amount of non-product revenues in here that probably has a different gross margin to it, but how do we think about the product gross margins in the quarter that makes it comparable with the last few here? They've been very healthy, well above or notably above your range for a while here, so I want to get a sense of trend here. Do you still think that 35%-40% is the right range, or can we see it consistently above there? Thank you. Ken Gianella: Yeah, we think it's the right range in the near term. I know it may not feel like it with the last so many quarters being 40% and plus. A lot of that's come from revisions and cost downs that was very aggressive. A couple bluebirds that we've gotten into there. On a normalized basis, the reason why I called out the last this year and then prior year numbers was both of them had one-time elements that pushed us well into the north 40s. We want to be in the high 30s to 40s. We do see potential that you could go higher than that. We want to keep everyone's expectations in check as we start getting into more production orders in the out years for the models. We would see that to come back into that 35%-40% range, like on a normalized basis. This quarter would've been in the high 30s, right? We just want to keep the overall models, realizing that we know production and different competitive market dynamics with supply chain are always going to be things that we're going to be fighting against year-on-year. As we get more of a mix into our software strategy and more into our solutions like BlueCity, those definitely are higher than that range that we gave, and that's going to help bolster that into the future and potentially pull us higher as those mix of solutions come more of a play in the out years. Richard Shannon: All right. Appreciate that detail, congratulations on your great results, guys. That's all for me. Operator: This does conclude the question-and-answer session. I would now like to turn it back to Angus for closing remarks. Angus Pacala: All right. Thank you all for joining the call. We look forward to speaking with you again during the third quarter, and have a good day. Operator: For your participation in today's conference, this does conclude the program. You may now disconnect. Before you buy stock in Ouster, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ouster wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Ouster (OUST) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Ouster Inc. OUST is riding the Physical AI lidar wave. The company reported a narrower-than-expected loss in the second quarter of 2026. Revenues of $55 million rose 56% year over year and surpassed the consensus estimate of $51 million by 7.6%. Ouster, Inc. price-consensus-eps-surprise-chart | Ouster, Inc. Quote Year to date, shares of Ouster have doubled, matching the performance of Aeva Technologies AEVA, one of its closest peers. The company outperformed other peers like Hesai Group HSAI and Innoviz Technologies INVZ, whose shares fell 14% and 55%, respectively, year to date. Image Source: Zacks Investment Research While Ouster’s share gains are backed by improving fundamentals, the company is still unprofitable, and production scaling remains an execution risk. But do these risks warrant staying on the sidelines, or are there enough catalysts to help the stock gain more upside? Let’s dig deeper to assess if this is a buy at current levels. Ouster is extending beyond lidar into a unified sensing and perception platform spanning cameras, AI compute, sensor fusion, software and AI models. The StereoLabs acquisition has broadened its reach in robotics, while the ZED X Nano has drawn substantial customer uptake in humanoid and robotic manipulation applications. In the second quarter of 2026, Ouster also expanded relationships across industrial automation, mining, security, autonomous vehicles and robotics, and deeper NVIDIA integration brought Rev8 to the DRIVE and Jetson platforms, simplifying deployment for customers building Physical AI systems. That platform expansion is already translating into commercial traction. Rev8, which introduces native color lidar, along with the longer-range OS1 Max, has drawn multiple million-dollar-plus orders from customers including a major heavy-equipment manufacturer, an autonomous agriculture developer and an autonomous vehicle provider. Ouster is scaling Rev8 production and expects to reach production volumes by the end of the third quarter of 2026, supported by an expanded Benchmark manufacturing arrangement with capacity above 100,000 units annually. Rev8 is set to become a critical part of revenues in the second half of 2026. Smart infrastructure adds a second growth engine. BlueCity supported a 42-location digital traffic twin in New Jersey and 30 intersections in Georgia, while a new order covers several hundred intersections for the Utah Department of Transportation. With roughly 300,000 signalized intersections in North America and only hundreds to thousands currently using Ouster technology, the runway remains largely untapped. The results are already showing up in the numbers. Ouster delivered its 14th consecutive quarter of product revenue growth, with product revenues up 51% year over year to $53 million, supporting management's long-term target of 30-50% annual revenue growth. The company ended June 2026 with $263 million in cash, restricted cash and short-term investments and no debt and added about $191 million of net proceeds in July, giving it sufficient liquidity to fund operations through its path to profitability. The Zacks Consensus Estimate for 2026 and 2027 revenues implies year-over-year growth of 32% and 37%, respectively. The consensus mark for 2026 and 2027 bottom line implies a year-over-year improvement of 6% and 48%, respectively. The estimates for loss per share have narrowed over the past 60 days. Image Source: Zacks Investment Research Ouster's transition from a lidar hardware vendor to a full-stack Physical AI sensing platform is starting to show up in both bookings and margins, not just narrative. With Rev8 nearing production scale, smart infrastructure barely penetrated and a fortified balance sheet removing near-term funding risk, the setup favors continued execution. Shares have already doubled this year, but that reflects improving fundamentals catching up to the story, not the story running ahead of itself. The Wall Street average price target for Ouster calls for an upside of 27% from current levels. Image Source: Zacks Investment Research As such, OUST remains a buy for investors willing to hold through the volatility that comes with a still-unprofitable, high-growth name. The stock carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ouster, Inc. (OUST) : Free Stock Analysis Report Aeva Technologies, Inc. (AEVA) : Free Stock Analysis Report Innoviz Technologies Ltd. (INVZ) : Free Stock Analysis Report Hesai Group Sponsored ADR (HSAI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ouster, Inc. OUST reported second-quarter 2026 loss of 26 cents per share, narrower than the Zacks Consensus Estimate of a loss of 31 cents. Revenues of $55 million rose 56% year over year and surpassed the consensus estimate of $51 million by 7.6%. Growth was supported by industrial and smart infrastructure demand. Ouster shipped more than 17,000 lidar and camera sensors during the quarter, a company record. Ouster, Inc. price-consensus-eps-surprise-chart | Ouster, Inc. Quote Product revenues totaled $52.76 million, which increased 50.7% from $35.02 million in the year-ago quarter. Industrial was the largest revenue contributor, followed by smart infrastructure, with demand spanning warehouse automation, yard logistics, port automation, mining and intelligent transportation.Royalty revenues were $1.86 million compared with $34,000 a year earlier. Lidar accounted for roughly 53% of total sensor shipments, with more than 9,000 lidar units and over 8,000 camera sensors shipped during the quarter. The Rev8 launch contributed to commercial momentum across Ouster's markets. The company received multiple orders exceeding $1 million, including business from a major heavy-machinery manufacturer, an autonomous agriculture equipment developer and an autonomous vehicle provider.Stereolabs also strengthened Ouster's position in robotics. The ZED X Nano recorded the strongest product launch in Stereolabs' history due to strong camera demand from robotics customers and emerging cross-selling opportunities between Ouster's lidar customers and Stereolabs' camera customer base. GAAP gross margin expanded to 49% from 45% in the prior-year quarter. Non-GAAP gross margin increased to 53% from 52%. However, a one-time refund included in cost of goods sold boosted the current-quarter GAAP gross margin by about 1,000 basis points. Research and development spending rose to $19.3 million, while sales and marketing increased to $9.2 million.Operating expenses increased 9.5% year over year to $46.73 million. Higher spending reflected the full-quarter inclusion and integration of Stereolabs, Rev8 and ZED X Nano product introductions and investments in Physical AI solutions. Adjusted EBITDA loss narrowed to $4.45 million from $5.50 million a year earlier. Ouster continued expanding BlueCity deployments during the quarter. New Jersey deployed the platform across 42 highway locations around MetLife Stadium, while Georgia added installations at 30 intersections around the Atlanta area, including locations near Mercedes-Benz Stadium.The company also secured an order for Utah's largest lidar deployment to date, covering several hundred intersections. Rev8-enabled BlueCity advanced detection provides multimodal detection and classification at distances of up to 500 feet, broadening the types of higher-speed roadways the platform can address. As of June 30, 2026, Ouster has approximately $263 million in cash, cash equivalents, restricted cash and short-term investments, with no debt. The balance included roughly $98 million raised through the company's at-the-market equity program during the second quarter.For the first six months of 2026, cash used in operating activities was $20.04 million compared with $6.19 million a year earlier. After quarter-end, Ouster completed another common-stock offering that generated approximately $191 million in net proceeds. The company does not expect to require additional capital to fund its current operating plan on the path to profitability. For the third quarter of 2026, Ouster expects revenues between $54.5 million and $57.5 million. The company expects Rev8 to ramp toward production volumes throughout the quarter, with the increase weighted toward the latter part of the period.Ouster continues to expect roughly $5 million of royalty revenues for 2026, while third-quarter operating expenses are projected to increase 5-8% year over year as the company invests in production capacity and its sensing and perception portfolio. OUST currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. General Motors Company GM reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.Tesla, Inc. TSLA reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years. Genuine Parts Company GPC reported second-quarter 2026 adjusted earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.10 by 2.38%. The bottom line increased 2.4% from $2.10 in the year-ago quarter. Revenues rose 6% year over year to $6.54 billion and surpassed the consensus estimate of $6.39 billion by 2.36%. Genuine Parts reaffirmed its 2026 adjusted earnings guidance of $7.50-$8 per share and total sales growth outlook of 3-5.5%. Genuine Parts ended June with $2.3 billion of liquidity, including $559 million in cash. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ouster, Inc. (OUST) : Free Stock Analysis Report Genuine Parts Company (GPC) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ouster, Inc. OUST used its second-quarter earnings call to emphasize the Rev8 production ramp, smart-infrastructure expansion and accelerating robotics demand after the Stereolabs acquisition. Revenues of $54.6 million beat the Zacks Consensus Estimate of $50.8 million. The company reported a loss of 26 cents per share, narrower than the Zacks Consensus Estimate of a loss of 31 cents. Ouster, Inc. price-consensus-eps-surprise-chart | Ouster, Inc. Quote Management kept its full-year 2026 revenue expectations unchanged, framing the second half around scaling new products rather than resetting the outlook. CEO Angus Pacala said Rev8 secured multiple orders worth more than $1 million from heavy-equipment, agriculture and autonomous-vehicle customers. Management expects production volumes by the end of the third quarter. Pacala said Rev8 should become a critical part of revenues in the second half, though he expects the full customer transition from Rev7 to take about two years. CFO Ken Gianella added that Rev8 contributed only minor prototype sales in the second quarter, leaving the larger revenue impact tied to the production ramp. CEO Angus Pacala highlighted new BlueCity deployments tied to transportation projects in New Jersey and Georgia, as well as a Utah order covering several hundred intersections. Pacala said Rev8's longer-range OS1 Max configuration expands BlueCity into wider roads and higher-speed traffic, with detection and classification extending to 500 feet. In the Q&A session, a ROTH Capital Partners analyst asked about an inflection in intelligent transportation demand. Pacala said the first half marked a major step-up for BlueCity after investments in sales execution, software and Rev8 integration. CEO Angus Pacala said Stereolabs had an exceptional start under Ouster, with strong demand for stereo cameras and the ZED X Nano among humanoid and robotic-manipulation customers. Pacala described humanoid robotics as camera-first, noting that the platforms he has observed use multiple cameras, while only a smaller subset includes lidar. CFO Ken Gianella said Ouster is investing in Stereolabs manufacturing capacity over the next several quarters to support demand into 2027 and beyond, not just the current-year plan. CFO Ken Gianella guided third-quarter revenues to $54.5-$57.5 million, with Rev8 production expected to ramp up through the quarter and more heavily in the latter part. Gianella said third-quarter operating expenses are expected to rise 5-8% year over year as Ouster integrates Stereolabs, launches products and expands its physical AI solutions portfolio. A Rosenblatt Securities analyst asked whether additional Rev8 supply could have supported higher guidance. CEO Angus Pacala said Ouster guides to what it can realistically ship while meeting customer lead times and maintaining backlog. A Northland Capital Markets analyst questioned the move toward more than 100,000 units of lidar manufacturing capacity. CEO Angus Pacala pointed to lidar unit volumes rising 70% year over year and said Ouster wants excess capacity for demand and product-mix flexibility. A Craig-Hallum analyst pressed on gross margins after GAAP gross margin reached 49%. CFO Ken Gianella said a one-time refund added about 1,000 basis points and that the normalized gross margin would have been in the high-30% range. Gianella maintained a near-term 35-40% product gross-margin framework while noting that a larger software and BlueCity mix can support higher margins over time. Angus Pacala closed with a focus on combining lidar, cameras, compute and perception software into a unified offering that can reduce customer integration work and accelerate deployment. Ken Gianella also emphasized financial flexibility. Ouster ended June with $263 million in cash, restricted cash and short-term investments, then raised about $191 million in net proceeds in July. He said the company does not expect to need additional capital for its current operating plan. OUST carries a Zacks Rank #2 (Buy), placing it among the top-ranked stocks under a system designed to identify potential outperformers over the next one to three months. Its Growth Score of B is also favorable under the Style Scores framework. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Value Score of F, the Momentum Score of F and the VGM Score of F are weaker signals, tempering the favorable Growth reading. The Zacks Rank can change as analyst estimates are revised after the just-reported results, so the current combination represents a snapshot rather than a fixed assessment. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ouster, Inc. (OUST) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Ouster, Inc.? Here are five stocks we like better. Strong second-quarter growth: Ouster reported $55 million in revenue, up approximately 56% year over year, and shipped a record more than 17,000 sensors. Industrial and smart-infrastructure customers were the largest contributors. Rev8 and infrastructure expansion: The company is ramping production of its new Rev8 lidar platform, supported by customer orders exceeding $1 million and expanded manufacturing capacity above 100,000 units annually. BlueCity smart-traffic deployments also expanded across New Jersey and Atlanta. Solid liquidity but ongoing losses: Ouster ended the quarter with $263 million in cash and investments and no debt, later raising approximately $191 million through a stock offering. Adjusted EBITDA remained negative at $4 million, while normalized gross margins are expected to be 35% to 40%. 3 Picks-and-Shovels Stocks Powering the Humanoid Robotics Buildout Ouster (NASDAQ:OUST) reported second-quarter revenue of $55 million, up approximately 56% from a year earlier, as demand from industrial and smart-infrastructure customers helped the lidar and perception technology company ship a record number of sensors. Chief Executive Officer Angus Pacala said the company shipped more than 17,000 sensors during the quarter, including more than 9,000 lidar sensors and over 8,000 camera sensors. The results marked Ouster’s 14th consecutive quarter of product revenue growth, according to Pacala. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Ouster Is Breaking Out as a Physical AI Leader: Here's What's Driving the Move The industrial vertical was Ouster’s largest revenue contributor during the quarter, followed by smart infrastructure, Chief Financial Officer Ken Gianella said. Applications included warehouse automation, yard logistics, port automation, mining and intelligent transportation systems. Ouster introduced its Rev8 lidar platform during the quarter and is scaling production lines, with production volumes expected by the end of the third quarter. Pacala characterized Rev8, which includes native color lidar capabilities, as the company’s most important product release to date. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High 5 Robotics Stocks to Watch as Physical AI Builds Momentum The company said customer response to the platform has included multiple orders worth more than $1 million from customers including a heavy-machinery manufacturer, an autonomous agriculture-equipment developer and an autonomous-vehicle provider. Ouster also received an order from the Utah Department of Transportation for what Pacala called its largest lidar deployment to date, covering several hundred intersections across the state. Pacala said Rev8 sales in the second quarter were limited to prototype volumes, while the company expects production shipments to rise sequentially in the second half of 2026. He said Ouster expects the transition from its Rev7 generation to Rev8 to take about two years, noting that some customers will continue using Rev7 because it has already been integrated and certified in their systems. → Ulta's Growth Is Real, But So Are the Risks Ouster expanded its manufacturing partnership with Benchmark to support Rev8, establishing capacity that ultimately exceeds 100,000 units annually. Pacala said the company’s lidar unit volumes were up 70% year over year and that Ouster expects to continue expanding capacity as demand grows. Smart infrastructure continued to be a focus area. Ouster said New Jersey’s Department of Transportation deployed its BlueCity traffic-management system at 42 highway locations around MetLife Stadium in advance of the 2026 FIFA World Cup. The company also deployed BlueCity at 30 additional intersections in the Atlanta area, including locations around Mercedes-Benz Stadium. Pacala said the systems are intended to provide traffic monitoring, data analytics and real-time safety alerts after the World Cup concludes. Ouster’s BlueCity platform is designed to create digital traffic twins, while the company said its edge-based privacy features are intended to reduce collection of identifying information. The company said Rev8’s longer-range capabilities expand its opportunity in higher-speed and wider-roadway environments. Pacala said North America has roughly 300,000 signalized intersections, while Ouster has deployed systems at hundreds of intersections and is moving toward thousands. Gianella said BlueCity and Gemini products represented about 15% of sales at the beginning of the year and that Ouster expects this software and solutions category to become a larger share of revenue over time. Ouster said its acquisition of Stereolabs contributed both strategic and financial value during the quarter. The company launched the ZED X Nano camera, which Pacala described as Stereolabs’ most successful launch and a product aimed at smaller industrial and robotics applications. Pacala said demand for stereo and monocular camera products has been particularly strong in humanoid robotics and robotic manipulation. He added that humanoid robots generally use more cameras than lidar sensors because cameras have lower average selling prices and are positioned directionally across a robot’s field of view. While humanoid robotics is currently a camera-first market, Pacala said Ouster sees lidar opportunities as it develops additional form factors. He also cited cross-selling opportunities between Ouster’s legacy lidar customers and Stereolabs’ industrial and heavy-equipment customers. The company also said it deepened its collaboration with NVIDIA, bringing Rev8 to NVIDIA DRIVE and Jetson platforms. Ouster said related toolkits and drivers are designed to support direct data ingestion and NVIDIA’s Jetson Orin and Thor computing platforms. GAAP gross margin was 49%, compared with 45% in the prior-year quarter. Gianella said the latest figure included a one-time refund that added approximately 1,000 basis points to gross margin. He said Ouster does not expect such benefits to recur and continues to view a 35% to 40% gross-margin range as appropriate in the near term on a normalized basis. GAAP operating expenses were $47 million, up about 10% year over year, reflecting a full quarter of Stereolabs integration, product launches and investments in Ouster’s Physical AI solutions portfolio. Adjusted EBITDA was negative $4 million, an improvement of approximately $1 million from the prior-year quarter. Second-quarter revenue: $55 million Year-over-year revenue growth: approximately 56% Sensors shipped: more than 17,000 GAAP gross margin: 49% Adjusted EBITDA: negative $4 million Quarter-end cash, restricted cash and short-term investments: $263 million Debt: none Ouster ended the quarter with $263 million in cash equivalents, restricted cash and short-term investments, including roughly $98 million raised through its at-the-market program. The company subsequently completed a common-stock offering that generated approximately $191 million in net proceeds and left it with about 72 million shares outstanding. Gianella said Ouster does not expect to need additional capital to fund its current operating plan on its path to profitability. For the third quarter, the company forecast revenue of $54.5 million to $57.5 million, while maintaining its full-year revenue expectations. Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation. The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Ouster Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Allient (ALNT) came out with quarterly earnings of $0.8 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +29.03%. A quarter ago, it was expected that this motion control product maker would post earnings of $0.55 per share when it actually produced earnings of $0.5, delivering a surprise of -9.09%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Allient, which belongs to the Zacks Electronics - Miscellaneous Components industry, posted revenues of $153.77 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $139.58 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Allient shares have added about 75.9% since the beginning of the year versus the S&P 500's gain of 13%. While Allient has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Allient was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $147.95 million in revenues for the coming quarter and $2.47 on $582.65 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Miscellaneous Components is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Ouster, Inc. (OUST), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This company is expected to post quarterly loss of $0.31 per share in its upcoming report, which represents a year-over-year change of +18.4%. The consensus EPS estimate for the quarter has been revised 3.8% higher over the last 30 days to the current level. Ouster, Inc.'s revenues are expected to be $50.77 million, up 44.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Allient Inc. (ALNT) : Free Stock Analysis Report Ouster, Inc. (OUST) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Record product revenue, achieving 14th straight quarter of growth Lidar and camera shipments of more than 17,000 units SAN FRANCISCO, August 06, 2026--(BUSINESS WIRE)--Ouster, Inc. (Nasdaq: OUST) ("Ouster" or the "Company"), a leader in sensing and perception for Physical AI, announced financial results for the three months ended June 30, 2026. "We delivered a strong second quarter, with $55 million in revenue and more than 17,000 total sensors shipped. These results reflect the strength of our unified sensing and perception platform and the continued momentum we have been seeing across our markets. Customers around the world have continued to scale their investments in Physical AI, and Ouster is well positioned to benefit as autonomy moves into more complex, real-world applications," said Ouster CEO Angus Pacala. "The introduction of Rev8 was a pivotal moment for Ouster and the reaction from customers has been electric. Rev8’s native color and industry-leading performance are solidifying our market leadership and deepening relationships across key accounts. In addition to Rev8, the April launch of the ZED X Nano was the most successful launch in Stereolabs history. Our focus remains on providing the industry’s most performant products and solutions, dramatically simplifying system integration, and accelerating time to market for the world’s most innovative companies." Second Quarter 2026 Highlights: $55 million in revenue, up 56% year over year and up 12% sequentially. Shipped more than 17,000 lidar and camera sensors for revenue, of which lidar was approximately 53% of the total. GAAP gross margin of 49%, up 400 bps year over year and up 600 bps sequentially. GAAP net loss of $18 million, an improvement of $2 million year over year and down $1 million sequentially. Non-GAAP gross margin1 of 53%, up 200 bps year over year and 700 bps sequentially. Adjusted EBITDA1 loss of $4 million, an improvement of $1 million year over year and $2 million sequentially. Cash, cash equivalents, restricted cash, and short-term investments of $263 million as of June 30, 2026. 1 Adjusted EBITDA and non-GAAP gross margin are non-GAAP financial measures. See Non-GAAP Financial Measures for additional information and reconciliations of these measures to their respective most directly comparable financial measures calculated in accordance with U.S. GAAP. Revenue Ouster delivered second quarter revenue of $55 million, an increase of 56% year over year and 12% sequentially. Product revenue of $53 million was an increase of 51% year over year and 9% sequentially, primarily driven by customers in the industrial and smart infrastructure verticals for use cases in warehouse automation, yard logistics, and intelligent transportation. The Company shipped over 17,000 units - of which lidar was approximately 53% of the total. Gross Margin GAAP gross margin was 49%, compared with 45% in the second quarter of 2025 and 43% in the first quarter of 2026. Volume growth and operating efficiencies lifted profitability year over year. Non-GAAP gross margin was 53%, compared with 52% in the second quarter of 2025 and 46% in the first quarter of 2026. Non-GAAP gross margin excludes the impact of stock-based compensation expenses, and certain other items outside of ordinary operations. Third Quarter 2026 Outlook: For the third quarter of 2026, Ouster expects to achieve $54.5 million to $57.5 million in total revenue. Upcoming Investor Events Ouster management will participate in the following upcoming investor events: Oppenheimer 29th Annual Technology, Internet & Communications Conference - August 11, 2026 (Virtual) Rosenblatt Securities' 6th Annual Age of AI Scaling Summit - August 18, 2026 (Virtual) Conference Call Information Ouster will host a conference call and live webcast for analysts and investors at 5:00 p.m. ET today, August 6, 2026 to discuss its financial results and business outlook. Interested parties may listen to a live webcast of the conference call. Registration for the webcast can be completed by visiting the following website: https://edge.media-server.com/mmc/p/dgjwyrjv. The webcast will be available for replay for at least 30 days after the conference call on Ouster’s investor website at https://investors.ouster.com/. About Ouster Ouster (Nasdaq: OUST) is a leader in sensing and perception for Physical AI across industrial, robotics, automotive, and smart infrastructure. With a unified platform of high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and AI models, Ouster delivers solutions that improve quality of life in the physical world. Headquartered in San Francisco, CA, Ouster has a global presence serving thousands of customers with offices in the Americas, Europe, and Asia-Pacific. For more information about our products, visit www.ouster.com, contact our sales team, or connect with us on X or LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current plans, estimates and expectations of management that are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Words such as "anticipate," "expect," "project," "intend," "believe," "may," "will," "should," "plan," "could," "continue," "target," "contemplate," "estimate," "forecast," "guidance," "predict," "possible," "potential," "pursue," "likely," and the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. All statements, other than statements of historical fact, including statements regarding our future financial results and financial condition, our strategy, our market positioning, development of and demand for our products, trends in investments in and adoption of Physical AI and autonomy, the impact of Ouster’s recent acquisition of Stereolabs, and future investor conference attendance, constitute forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, but not limited to, risks related to Ouster’s limited operating history and history of losses; the substantial research and development costs needed to develop and commercialize new products; Ouster’s limited sales history and the ability to maintain confidence in the Company’s long-term business prospect among customers in target markets; fluctuations in its operating results; its ability to maintain competitive average selling prices, high sales volumes and reduce product costs; competition in Ouster’s industry; the negotiating power and product standards of its customers; the adoption of its products and the growth of the lidar market generally; product quality and liability risks; Ouster’s future capital needs and ability to secure additional capital on favorable terms or at all; market acceptance of lidar and Ouster’s forecasts for market growth; Ouster’s ability to manage growth, including growing the sales and marketing organization; risks related to international operations, including international manufacturing; cancellation or postponement of contracts or unsuccessful implementations; the Company’s ability to manage its inventory; credit risk of customers; Ouster’s ability to use tax attributes; Ouster’s dependence on key third party suppliers, in particular Benchmark Electronics, Inc., Fabrinet, and other suppliers; supply chain constraints and challenges; conditions in the industries the Company targets or the global economy; Ouster’s ability to recruit and retain key personnel; its ability to complete, successfully integrate or achieve the anticipated benefits of new acquisitions or investments, including the Stereolabs acquisition; changes to trade policy, tariffs, and import/export regulations may have a material adverse effect on Ouster’s business, financial condition and results of operations; risks related to the use of AI tools by us and others, including risks related to cybersecurity, data regulations, product performance, and data privacy; Ouster’s ability to adequately protect and enforce its intellectual property rights; legal and regulatory risks; risks related to operating as a public company; and other important factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and updated by the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, once filed, and as may be further updated from time to time in the Company’s other filings with the SEC. Readers are urged to consider these factors carefully and in the totality of the circumstances when evaluating these forward-looking statements, and not to place undue reliance on any of them. Any such forward-looking statements represent management’s reasonable estimates and beliefs as of the date of this press release. While Ouster may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, other than as may be required by law, even if subsequent events cause its views to change. In addition, see information below concerning non-GAAP financial measures. Non-GAAP Financial Measures In addition to its results determined in accordance with generally accepted accounting principles in the United States ("GAAP"), Ouster believes the non-GAAP measures of Non-GAAP Gross Profit, Non-GAAP Gross Margin and Adjusted EBITDA are useful in evaluating its operating performance. Ouster calculates Non-GAAP Gross Profit as gross profit (loss) excluding amortization of acquired intangibles, acquisition and integration-related charges, and stock-based compensation expense. Non-GAAP Gross Margin is calculated as Non-GAAP Gross Profit divided by revenues. Adjusted EBITDA is calculated as net loss excluding interest expense (income), net, other (income) expense, net, stock-based compensation expense, provision for (benefit from) income taxes, amortization of acquired intangibles, acquisition and integration-related charges, depreciation expenses, certain litigation expenses, gain on lease termination and other items. Ouster believes that Non-GAAP Gross Profit, Non-GAAP Gross Margin, and Adjusted EBITDA may be helpful to investors because it provides consistency and comparability with past financial performance and may be helpful in comparison with other companies, some of which use similar non-GAAP information to supplement their GAAP results. Adjusted EBITDA is also used by the Board and management as a performance metric for compensation purposes. The non-GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies. Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures are included at the end of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260806343526/en/ Contacts For Investors [email protected] For Media [email protected]

Vicor (VICR) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +67.74%. A quarter ago, it was expected that this modular power components company would post earnings of $0.4 per share when it actually produced earnings of $0.44, delivering a surprise of +10%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Vicor, which belongs to the Zacks Electronics - Miscellaneous Components industry, posted revenues of $143.35 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.35%. This compares to year-ago revenues of $141.05 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Vicor shares have added about 110.8% since the beginning of the year versus the S&P 500's gain of 8.7%. While Vicor has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Vicor was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $153.8 million in revenues for the coming quarter and $2.94 on $594.05 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Miscellaneous Components is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Ouster, Inc. (OUST), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This company is expected to post quarterly loss of $0.31 per share in its upcoming report, which represents a year-over-year change of +18.4%. The consensus EPS estimate for the quarter has been revised 3.8% higher over the last 30 days to the current level. Ouster, Inc.'s revenues are expected to be $50.77 million, up 44.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vicor Corporation (VICR) : Free Stock Analysis Report Ouster, Inc. (OUST) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Record product revenue, achieving 13th straight quarter of growth Lidar and camera shipments of more than 12,600 units New Rev8 OS digital lidar with native color sensing, 2x range and resolution, and functional safety SAN FRANCISCO, May 05, 2026--(BUSINESS WIRE)--Ouster, Inc. (Nasdaq: OUST) ("Ouster" or the "Company"), a leader in sensing and perception for Physical AI, announced today financial results for the three months ended March 31, 2026. "Our first quarter demonstrated strong execution across our portfolio, delivering record product revenue and validating the growing demand for our solutions across key markets. We won new million-dollar contracts for Ouster BlueCity and secured several million-dollar deals to power industrial automation. Stereolabs has already proven to be a perfect complement, and the rapid integration and commercial success of our expanded camera vision portfolio was a tailwind during the quarter, with strong demand from companies building foundational AI models and advanced robotics platforms," said Ouster CEO Angus Pacala. "We are continuing the momentum of our unified sensing and perception platform with the introduction of our revolutionary Rev8 OS family, powered by our next-generation L4 Ouster Silicon. This launch represents a paradigm shift in AI perception as Rev8 sets a new standard for sensing, featuring the world’s first native-color lidar sensors with industry-leading resolution, range, and reliability designed for functional safety, affordability, and scale. By combining native color and perception across our entire product portfolio, we have solidified Ouster’s role as the foundational sensing and perception platform for Physical AI as we provide unified products and solutions that accelerate customer innovation and unlock new applications that sense, think, act, and learn in the physical world." First Quarter 2026 Highlights: $49 million in revenue, up 49% year over year and down 22% sequentially. Total revenue of $62 million in the fourth quarter of 2025 included royalties of approximately $21 million, primarily one-time and related to long-term IP license contracts. Product revenue was $48 million, up 55% year over year and 18% sequentially. Shipped more than 12,600 lidar and camera sensors for revenue, of which lidar was approximately 65% of the total. GAAP gross margin of 43%, up 200 bps year over year and down 1,700 bps sequentially. GAAP net loss of $17 million, an improvement of $5 million year over year and down $21 million sequentially. Non-GAAP gross margin1 of 46%, flat year over year and down 1,600 bps sequentially. Adjusted EBITDA1 loss of $7 million, up $1 million year over year and down $20 million sequentially. Cash, cash equivalents, restricted cash, and short-term investments of $175 million as of March 31, 2026. Revenue Ouster delivered first quarter revenue of $49 million, an increase of 49% year over year and a decrease of 22% sequentially. Product revenue was $48 million, up 55% year over year and 18% sequentially primarily driven by customers in the smart infrastructure and industrial verticals, for use cases in warehouse automation, yard logistics, and intelligent transportation. The Company shipped over 12,600 sensors, of which lidar was approximately 65% of the total. Gross Margin GAAP gross margin was 43%, compared with 41% in the first quarter of 2025 and 60% in the fourth quarter of 2025. Volume growth and operating efficiencies lifted profitability year over year. Non-GAAP gross margin was 46%, compared with 46% in the first quarter of 2025 and 62% in the fourth quarter of 2025. Non-GAAP gross margin excludes the impact of stock-based compensation expenses, and certain other items outside of ordinary operations. Second Quarter 2026 Outlook: For the second quarter of 2026, Ouster expects to achieve $49.5 million to $52.5 million in total revenue. This includes a full quarter of Stereolabs operations. Upcoming Investor Events Ouster management will participate in the following upcoming investor events: Craig-Hallum Annual Institutional Investor Conference – May 28, 2026 in Minneapolis Rosenblatt Securities 6th Annual Age of AI Scaling Summit – June 9, 2026 (virtual) TD Cowen Inaugural Disruptive Technology Summit – June 17, 2026 in New York City Conference Call Information Ouster will host a conference call and live webcast for analysts and investors at 5:00 p.m. ET today, May 5, 2026 to discuss its financial results and business outlook. Interested parties may listen to a live webcast of the conference call. Registration for the webcast can be completed by visiting the following website: https://edge.media-server.com/mmc/p/pt46y4as. The webcast will be available for replay for at least 30 days after the conference call on Ouster’s investor website at https://investors.ouster.com/. About Ouster Ouster (Nasdaq: OUST) is a leader in sensing and perception for Physical AI across industrial, robotics, automotive, and smart infrastructure. With a unified platform of high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and AI models, Ouster delivers solutions that improve quality of life in the physical world. Headquartered in San Francisco, CA, Ouster has a global presence serving thousands of customers with offices in the Americas, Europe, and Asia-Pacific. For more information about our products, visit www.ouster.com, contact our sales team, or connect with us on X or LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current plans, estimates and expectations of management that are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Words such as "anticipate," "expect," "project," "intend," "believe," "may," "will," "should," "plan," "could," "continue," "target," "contemplate," "estimate," "forecast," "guidance," "predict," "possible," "potential," "pursue," "likely," and the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. All statements, other than statements of historical fact, including statements regarding our future financial results and financial condition, our strategy, our market positioning, development of and demand for our products, the impact of our recent acquisition of Stereolabs, and future investor conference attendance, constitute forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, but not limited to, risks related to Ouster’s limited operating history and history of losses; the substantial research and development costs needed to develop and commercialize new products; Ouster’s limited sales history and the ability to maintain confidence in the Company’s long-term business prospect among customers in target markets; fluctuations in its operating results; its ability to maintain competitive average selling prices, high sales volumes and reduce product costs; competition in Ouster’s industry; the negotiating power and product standards of its customers; the adoption of its products and the growth of the lidar market generally; product quality and liability risks; Ouster’s future capital needs and ability to secure additional capital on favorable terms or at all; market acceptance of lidar and Ouster’s forecasts for market growth; Ouster’s ability to manage growth, including growing the sales and marketing organization; risks related to international operations, including international manufacturing; cancellation or postponement of contracts or unsuccessful implementations; the Company’s ability to manage its inventory; credit risk of customers; Ouster’s ability to use tax attributes; Ouster’s dependence on key third party suppliers, in particular Benchmark Electronics, Inc., Fabrinet, and other suppliers; supply chain constraints and challenges; conditions in the industries the Company targets or the global economy; Ouster’s ability to recruit and retain key personnel; its ability to complete, successfully integrate or achieve the anticipated benefits of new acquisitions or investments, including the Stereolabs acquisition; changes to trade policy, tariffs, and import/export regulations may have a material adverse effect on Ouster’s business, financial condition and results of operations; risks related to the use of AI tools by us and others; Ouster’s ability to adequately protect and enforce its intellectual property rights; legal and regulatory risks; risks related to operating as a public company; and other important factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and updated by the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, once filed, and as may be further updated from time to time in the Company’s other filings with the SEC. Readers are urged to consider these factors carefully and in the totality of the circumstances when evaluating these forward-looking statements, and not to place undue reliance on any of them. Any such forward-looking statements represent management’s reasonable estimates and beliefs as of the date of this press release. While Ouster may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, other than as may be required by law, even if subsequent events cause its views to change. In addition, see information below concerning non-GAAP financial measures. Non-GAAP Financial Measures In addition to its results determined in accordance with generally accepted accounting principles in the United States ("GAAP"), Ouster believes the non-GAAP measures of Non-GAAP Gross Profit, Non-GAAP Gross Margin and Adjusted EBITDA are useful in evaluating its operating performance. Ouster calculates Non-GAAP Gross Profit as gross profit (loss) excluding amortization of acquired intangibles, acquisition and integration-related charges, and stock-based compensation expense. Non-GAAP Gross Margin is calculated as Non-GAAP Gross Profit divided by revenues. Adjusted EBITDA is calculated as net loss excluding interest expense (income), net, other (income) expense, net, stock-based compensation expense, provision for (benefit from) income taxes, amortization of acquired intangibles, depreciation expenses, acquisition and integration-related charges, certain litigation expenses, gain on lease termination and other items. Ouster believes that Non-GAAP Gross Profit, Non-GAAP Gross Margin, and Adjusted EBITDA may be helpful to investors because it provides consistency and comparability with past financial performance and may be helpful in comparison with other companies, some of which use similar non-GAAP information to supplement their GAAP results. Adjusted EBITDA is also used by the Board and management as a performance metric for compensation purposes. The non-GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies. Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures are included at the end of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505128191/en/ Contacts For Investors [email protected] For Media [email protected]