Lidar maker Ouster's Q3 revenue rises 50% on robotics demand

Overview

• US lidar and camera maker's Q3 revenue rose 50% yr/yr to record $59 mln

• Company shipped over 27,000 sensors, with growth led by industrial and robotics demand

• GAAP net loss narrowed to $14 mln, with adjusted EBITDA loss improving yr/yr

Outlook

• Ouster expects Q4 2026 revenue between $61 mln and $64 mln

• Company expects delivery cadence to accelerate into 2027 as Rev8 production ramps

Result Drivers

• ROBOTICS DEMAND - Co said growth in industrial and robotics sectors, particularly warehouse automation and data collection, drove product revenue gains

• STEREOLABS SHIPMENTS - Record shipments of Stereolabs cameras contributed to quarterly growth, enabled by increased capacity to meet robotics sector demand, per CEO Angus Pacala

• REV8 LIDAR LAUNCH - Strong market reception for new Rev8 color lidar supported sales, with hundreds of customers adopting it for critical applications, according to CEO Angus Pacala

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy"

• Wall Street's median 12-month price target for Ouster, Inc. is $57.00, about 102% above its November 2 closing price of $28.22

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)