Slide 1: First Quarter 2026 Earnings Update
First Quarter 2026 Earnings Update May 5, 2026 © Ouster, Inc. 2026 Downtown San Francisco, captured by REV8
Slide 2: Forward-Looking Statements
First Quarter 2026 Earnings Update May 5, 2026 02 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Ouster intends such forward-looking statements to be covered by the safe harbor provisions fo
Slide 3: Ouster brings Physical AI to life
First Quarter 2026 Earnings Update May 5, 2026 03 Industrial Robotics Ouster brings Physical AI to life Automotive Smart Infrastructure Digital Lidar, Cameras, and AI Compute Physical AI Solutions Autonomy Across Industries © Ouster, Inc. 2026
Slide 4: Message from the CEO
First Quarter 2026 Earnings Update May 5, 2026 04 Message from the CEO Our first quarter demonstrated strong execution across our portfolio, delivering record product revenue and validating the growing demand for our solutions across key markets. We won new million-dollar contracts for Ouster BlueCi
Slide 5: First Quarter 2026 Earnings Update © Ouster, Inc. 2026 May 5, 2026
First Quarter 2026 Earnings Update May 5, 2026 05 © Ouster, Inc. 2026
Slide 6: The World's First Native Color Lidar
First Quarter 2026 Earnings Update May 5, 2026 06 The World’s First Native Color Lidar © Ouster, Inc. 2026. Yosemite National Park, captured by REV8
Slide 7: Maximized, Colorized, Ruggedized
First Quarter 2026 Earnings Update May 5, 2026 07 MAXIMIZED COLORIZED RUGGEDIZED © Ouster, Inc. 2026. 2026 7
Slide 8: 256 Channels
First Quarter 2026 Earnings Update May 5, 2026 08 256 CHANNELS © Ouster, Inc. 2026.
Slide 9: First Quarter 2026 Earnings Update © Ouster, Inc. 2026 May 5, 2026
First Quarter 2026 Earnings Update May 5, 2026 09 © Ouster, Inc. 2026
Slide 10: First Quarter 2026 Earnings Update © Ouster, Inc. 2026 May 5, 2026
First Quarter 2026 Earnings Update May 5, 2026 10 © Ouster, Inc. 2026
Slide 11: REV8 Technology Partners
First Quarter 2026 Earnings Update May 5, 2026 11 REV8 Technology Partners © Ouster, Inc. 2026.
Slide 12: First Quarter 2026 Results
First Quarter 2026 Earnings Update May 5, 2026 12 First Quarter 2026 Results Revenue GAAP Gross Margin Non-GAAP Gross Margin ¹ Sensors Shipped $49M 43% 46% 12,600+ Up 49% vs. the first quarter of Compared with 41% in the first Compared with 46% in the first Lidar 8,300+ 2025 quarter of 2025 quarter
Slide 13: Q2 2026 Revenue Guidance
First Quarter 2026 Earnings Update May 5, 2026 13 Q2 2026 Revenue Guidance $49.5 Million to $52.5 Million © Ouster, Inc. 2026 Warehouse, captured by REV8
Slide 14: Execute Path to Profitability
First Quarter 2026 Earnings Update May 5, 2026 14 Execute Path to Profitability < 5% increase in GAAP operating 30% - 50% annual revenue growth 35% - 40% GAAP gross margin expenses year over year © Ouster, Inc. 2026. Palm Drive, captured by REV8
Slide 15: 2026 Strategic Business Priorities
First Quarter 2026 Earnings Update May 5, 2026 15 2026 Strategic Business Priorities OS0 ZED X Revolutionize Our Camera, Lidar, and AI Compute Products Extend Leadership in Physical AI Solutions AI Compute Perception Software Execute Path to Profitability © Ouster, Inc. 2026
Slide 16: Foundational end-to-end sensing and perception platform for Physical AI
First Quarter 2026 Earnings Update May 5, 2026 16 Ouster is positioned as the foundational end-to-end sensing and perception platform for Physical AI Sense Think Act Learn © Ouster, Inc. 2026
Slide 17: Thank You
Sensing and Perception for Physical AI Thank You © Ouster, Inc. 2026. Cable Car, captured by REV8
Slide 18: Appendix: GAAP to Non-GAAP Reconciliation
First Quarter 2026 Earnings Update March 2, 2026 15 Appendix GAAP to Non-GAAP Reconciliation Three Months Ended MAR 31 MAR 31 GROSS PROFIT MARGIN ($K) 2026 2025 Gross profit on GAAP basis 20,838 13,483 Stock-Based Compensation 826 1,137 Amortization of acquired intangible assets 862 457 Gross profit