OUST
Ouster, Inc.

Ouster, Inc.OUST

Technology · Electronic Components
34.79USD
+13.99%
Nov 08, 2026
OUST overview ready
Digital Lidar Sensors and Perception Software for Autonomous Machines
Ouster is a direct supplier of digital lidar sensors and lidar-enabled perception software; it also sells camera/perception products and software for industrial automation, robotics, intelligent transportation, security, and automotive applications.
Primary theme is lagging
Robotics / Automation is lagging (-6.7pp vs SPY over 21 sessions; 3 of 10 members ahead of SPY).
Price trend is broken
Longer-term context reads near trend floor, with a near-term setup of constructive pullback.
The tactical setup reads constructive pullback, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash it currently generates.
Fundamentals not measured
Primary risk
Technological competition from alternative sensing technologies.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 6

Conviction Level

PriceAction5.4BusinessPerformance4.0BusinessQuality—Valuation0.3ThemeMomentum1.0Decelerating — Revenue is still growing (+50% YoY), but growth has slowed, down from +56%. The company is still loss-making: the diluted loss per share narrowed to -$0.20 from -$0.37 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−6.7pp
Theme return
−11.7%
Beating SPY
3 of 10
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads near trend floor, with a near-term setup of constructive pullback.
The tactical setup reads constructive pullback, but the weekly structure is broken.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$2.5B
Avg Volume (60D)
2.6M
60 sessions
Revenue Growth YoY
+52.5%
FY2025 vs FY2024
Gross Margin
+49.1%
Trailing twelve months
Operating Margin
-25.6%
Trailing twelve months
Free Cash Flow Yield
-3.8%
Distance from 200DMA
+6.9%
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Decelerating

Revenue is still growing (+50% YoY), but growth has slowed, down from +56%. The company is still loss-making: the diluted loss per share narrowed to -$0.20 from -$0.37 a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthSlowing
+50%
$59.3M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +107%
  2. +49%
  3. +56%
  4. +50%
Earnings growthLoss narrowing
-$0.20
Diluted EPS -$0.20 vs -$0.37 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
-32.5%
+28.9 pp YoY · gross margin 42.6% (+0.4 pp)
The business is consuming cash
The share count is rising

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
Ouster, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash it currently generates.

What changed

  • OUST rose 14.0% in one session
    OUST closed +14.0% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Ouster is a direct supplier of digital lidar sensors and lidar-enabled perception software; it also sells camera/perception products and software for industrial automation, robotics, intelligent transportation, security, and automotive applications.
Opportunity
Moderate opportunity
Adoption of robotics, autonomous vehicles and machinery, and intelligent transportation or site-management systems that require rugged real-time 3D sensing to perceive, localize, navigate, and operate safely in physical environments.
Key risk
Technological competition from alternative sensing technologies.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Electronic Components
What they do

Ouster, Inc. designs, manufactures, and sells digital lidar sensor kits and perception software for use in automotive, industrial, robotics, and smart infrastructure applications worldwide.

How it earns

The company generates revenue primarily through transactional sales of lidar sensors and related perception products.

Products & services
OS product line lidar sensors (OSDome, OS0, OS1, OS2)
DF series solid-state digital lidar sensors
Lidar-enabled perception software
Camera/perception products
Customers & end markets
Automotive manufacturers and suppliers
Industrial automation companies
Robotics developers
Smart infrastructure and intelligent transportation systems
Market position

Niche supplier specializing in digital lidar sensors and perception software for robotics and automation.

Demand drivers
Medium cyclicality

Demand is influenced by capital investment cycles in automotive, industrial automation, and infrastructure sectors.