Ouster reports strong Q3 2026 results

Item 2.02. Results of Operations and Financial Condition.

On November 3, 2026, Ouster, Inc. announced financial results for the three and nine months ended September 30, 2026. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.¹

The information in this Item 2.02 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended², or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

Item 9.01 - Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.

Description

99.1*³

Press Release, dated November 3, 2026³

104³

Cover Page Interactive Data File (embedded within the Inline XBRL document)³

*Furnished herewith

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

OUSTER, INC.

Date:

November 3, 2026

By:

/s/ Kenneth P. Gianella⁴

Name:

Kenneth P. Gianella

Title:

Chief Financial Officer⁴

Ouster Announces Results for Third Quarter 2026

Record product revenue, achieving 15th straight quarter of growth

Lidar and camera shipments of more than 27,000 units

SAN FRANCISCO, CA – 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 September 30, 2026.

"We delivered a strong third quarter, with $59 million in revenue and more than 27,000 t otal sensors shipped, cementing Ouster's evolution into a comprehensive platform that meets the diverse, global demands of Physical AI. Our Stereolabs cameras had a record quarter of shipments, unlocked by our investments in capacity to meet surging growth in the robotics sector," said Ouster CEO Angus Pacala.

"The market reception for Rev8 has been decisive. As the world's first native color lidar, Rev8 is a paradigm shift that is proving to be an undeniable competitive differentiator. Hundreds of customers have already chosen Rev8 for their mission critical applications. Customer demand has been robust while we ramp initial production, and we expect our delivery cadence to accelerate into 2027. The breakout performance of Stereolabs proves our vision of a unified platform is exactly what the market demands. From farms and distribution centers to last mile delivery, the world's most innovative companies are choosing Ouster. We provide the complete stack of lidar, vision, compute, and software required to bring Physical AI into the real world."

Third Quarter 2026 Highlights:

• $59 million in revenue, up 50% year over year and up 9% sequentially.⁵

• Shipped more than 27,000 lidar and camera sensors for revenue, of which lidar was approximately 27% of the total.⁷

• GAAP gross margin of 43%, essentially flat year over year and down 600 bps sequentially.⁸

• GAAP net loss of $14 million, an improvement of $8 million year over year and an improvement of $4 million sequentially.⁹

• Non-GAAP gross margin 1 of 47%, down 100 bps year over year and down 700 bps sequentially.⁸

• Adjusted EBITDA 1 loss of $3 million, an improvement of $5 million year over year⁹ and an improvement of $1 million sequentially.

• Cash, cash equivalents, restricted cash, and short-term investments of $421 million as of September 30, 2026.¹⁰

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 third quarter revenue of $59 million, an increase of 50% year over year and 9% sequentially. Product revenue of $56 million was an increase of 42% year over year and 6% sequentially⁶, primarily driven by customers in the industrial and robotics verticals for use cases in warehouse automation, defense, construction, mapping, and data collection. The Company shipped over 27,000 un its, of which lidar was appro ximately 27% o f the total.

Gross Margin

GAAP gross margin was 43%, compared with 42% in the third quarter of 2025 and 49% in the second quarter of 2026. A one-time refund positively impacted second quarter gross margin by approximately 1,000 basis points. Non-GAAP gross margin was 47%, compared with 47% in the third quarter of 2025 and 53% in the second quarter of 2026. Non-GAAP gross margin excludes the impact of stock-based compensation expenses, and certain other items outside of ordinary operations.

Fourth Quarter 2026 Outlook:

For the fourth quarter of 2026, Ouster expects to achieve $61 million to $64 million in total revenue.¹¹

Upcoming Investor Events

Ouster management is scheduled to participate in the following upcoming investor events:

• ROTH Technology Conference - November 18, 2026, New York City

• Northland Growth Conference - December 16, 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, November 3, 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/5gs6eo5t. 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 Secur