Ouster Revenue Rises 50% as Physical AI Sensor Shipments Set Record

Ouster announced on November 3, 2026, that third-quarter revenue rose 50% year over year to $59.3 million, with combined lidar and camera shipments reaching a record above 27,000 units. Losses narrowed as the company expanded its Physical AI sensing and perception platform beyond lidar. Total revenue for the quarter ended September 30, 2026 included $56.0 million of product revenue and $3.3 million of royalties.

Product revenue increased 42% year over year and 6% sequentially, extending Ouster’s run of product-revenue growth to 15 consecutive quarters. The product increase came primarily from industrial and robotics customers using the sensors in warehouse automation, defense, construction, mapping and data collection. Lidar represented approximately 27% of shipments. The earnings presentation specifies more than 7,000 lidar sensors and 20,000 cameras, while its comparison with the third quarter of 2025 covers only lidar, at more than 7,200 sensors.

The shipment record therefore marks the scale of the combined platform rather than providing a like-for-like comparison of lidar volumes. The broader mix follows Ouster’s acquisition of Stereolabs, which closed on February 4, 2026 and was announced…