Ouster builds high performance lidars and software solutions so robots, vehicles and urban infrastructure can see and make decisions in real time. The company trades on NASDAQ and everyone who understands physical AI is watching because this is no longer about automation but about safety, efficiency and control.
Fundamentals
The next earnings report is expected on May 5 2026. On February 26 the company reported fourth quarter results. Revenue reached 62 million dollars including about 21 million in royalty income from IP licensing. Product revenue grew 36 percent year over year to 41 million. Over 8100 sensors were shipped in the quarter and over 25000 for the full year representing 48 percent growth. GAAP gross margin reached 60 percent with adjusted EBITDA positive at 11 million dollars. Cash on hand stands at 211 million dollars with no debt.
Positive developments. On February 4 the company closed the acquisition of StereoLabs for 35 million dollars and 1.8 million shares. Ouster combined its digital lidars with StereoLabs stereocameras and AI software creating the worlds first unified sensor and perception platform for physical AI. StereoLabs brought over 10000 customers and 90000 cameras along with about 16 million in annual revenue and positive EBITDA. On September 15 a strategic partnership was signed with Constellis to deploy Ouster Gemini in physical security systems worldwide. The Ouster OS1 lidar received approval from the US Department of Defense and was included in the Blue UAS Framework as the first high resolution 3D lidar in the program. On March 31 the Department of Defense published a tender for the Astro Max Lidar UAS package with the Ouster OS1 64 sensor for the United States Military Academy at West Point. Guidance for the first quarter of 2026 expects revenue of 45 to 48 million dollars including StereoLabs. Royalties in 2026 are expected to be less than 5 million dollars. The company maintains long term targets of 30 to 50 percent annual revenue growth and 35 to 40 percent GAAP gross margins.
Risks include continued investment in growth and StereoLabs integration, lower royalties impacting short term margins and high competition in the lidar segment.
Technicals
On the weekly chart a falling wedge has formed with a breakout to the upside. Price tested the MA100 zone from below twice at 16.20 which was the optimal entry point. On Thursday April 16 price closed at 24.17. On the weekly chart ADX indicates no strong trend while DI+ is above DI- showing a bullish bias. MACD gives a buy signal. Volume is below average but confirms interest. A pullback to the 20.20 zone is possible before further upside.
Targets from the chart are 36.16 and then 57.61.
The market values OUST on its ability to integrate StereoLabs, scale the physical AI platform and achieve sustainable profitability. The technical breakout is confirmed and targets are above.