Ouster Inc shares surged more than 22% on Monday, climbing to around $51.55 in morning trading, after the digital lidar specialist secured key wins in autonomous systems and smart infrastructure. The rally followed a strategic agreement with AIM Intelligent Machines to integrate its REV8 digital lidar into AI-powered heavy earthmoving equipment for mining and construction. Ouster also completed a deployment with the New Jersey Department of Transportation, where Ouster BlueCity sensors now support traffic management ahead of the 2026 FIFA World Cup. The company's first-quarter 2026 financial results showed revenue reached $49 million, up 49% year-over-year, with product revenue hitting a record $48 million and marking the 13th consecutive quarter of growth. Ouster shipped more than 12,600 lidar and camera units, with lidar comprising about 65% of the total. Product revenue grew 55% from the prior year. Integrations with platforms like NVIDIA Jetson and collaborations with FieldAI aim to accelerate autonomous robotics deployments. Analysts raised price targets, citing execution on commercial contracts and expanding addressable markets. Shareholders recently approved doubling authorized common shares, providing flexibility for potential equity transactions or strategic initiatives.