Ouster (OUST) Q2 FY2026 Earnings Overview: $54.6M Revenue Record Triggers a 4.78% Price Selloff

Ouster's Q2 FY2026 beat expectations with record $54.6M revenue (+56% YoY) and higher GAAP gross margin (49%), while adjusted EBITDA losses narrowed. However, the stock fell 4.78% as Q3 revenue guidance suggested only modest sequential growth and profitability remains elusive. Near-term trading may hinge on whether shipment momentum and mix can sustain margins and translate design wins into steadier revenue conversion.