#Chinese Lidar Competition

Ouster: A Much Better Lidar Company, Priced Like the Transition Is Already Won

Ouster is a digital-lidar and perception supplier that has broadened from a single-product sensor maker into an industrial-automation and smart-infrastructure platform, with 2025 revenue of $169.4 million (up from $83.3 million in 2023) and Q1 2026 revenue of $49 million, up 49% year over year, alongside a 43% GAAP gross margin. Rating Watch: the July 2, 2026 $200 million common-stock offering at $55.22 per share confirms management will dilute shareholders whenever the stock is rich, and at the July 3 close of $49.84 the market is already paying for sustained 30%-50% growth and a clean path to profitability, leaving the ideal buy zone at $20 to $22.