Ouster, Inc (OUST) Stock Forecast & Price Target

Ouster is benefiting from strong demand for its REV8 LiDAR, which is gaining traction in autonomous agriculture, industrial automation, smart infrastructure, and counter-UAS applications through design wins such as GUSS and ARGUS. The company’s 2Q26 revenue of $54.6M rose 55.9% Y/Y, gross margin reached 53.5%, and adjusted EBITDA loss improved to $(4.45)M, while shipments topped 17,000 sensors and product revenue reached $52.76M. With Rev8 and StereoLabs broadening the addressable market and management/analysts pointing to 30%+ three-year revenue growth, the business appears to be scaling toward stronger recurring adoption across multiple high-value end markets.

Ouster is facing a softer near-term growth profile because slower conversion of Rev8 and Stereolabs customer wins into volume production could delay the revenue inflection needed to support profitability. Its 3Q26 guidance of $54.5M-$57.5M, or $56.0M at the midpoint, was below both the stated estimates and implies only modest 2.5% Q/Q growth, while management also expects 3Q operating expenses to rise 5%-8% Y/Y. The company’s gross margin and operating leverage remain at risk if higher-volume deployments come with lower ASPs and margins or if manufacturing cost reductions lag the ramp, even as Rev8 is expected to reach production volumes by quarter-end.