MEDIUMOutside partySupplier
Benchmark Electronics and Fabrinet
“10-K Item 1: 'Benchmark and Fabrinet manufacture the majority of our products, which we expect will reduce our product costs'”
OUST · Concentration risk · 10-K extracted
Ouster (OUST) concentration risks
Updated
The most significant concentration Ouster discloses is Benchmark Electronics and Fabrinet, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Ouster’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
top two customers
“10-K Item 1: 'For the year ended December 31, 2025, two customers accounted for more than 10% of our revenue.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Ouster's concentration exposures sit on both the supply and customer sides, at different magnitudes. On the supply chain, Benchmark Electronics and Fabrinet manufacture the majority of its products, a medium-share dependency the company frames as expected to reduce product costs — a deliberate manufacturing-partner concentration rather than an unplanned vulnerability. On the customer side, two customers each accounted for more than 10% of revenue for the year ended December 31, 2025, a low-share dependency exposure. The supplier concentration is the more structurally significant of the two: relying on a small number of contract manufacturers for the majority of production means any disruption at either partner could affect output more broadly than the customer concentration would affect revenue, given that exposure is disclosed at a low share. Because both are dependency-type exposures rather than structural features of the business model, they are tied to the specific fortunes and reliability of named counterparties rather than the broader market. Overall, the supply-side relationship appears to be the more consequential of the two disclosed concentrations.
For the engine’s reasoning on OUST’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Electronic Components
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APH | Amphenol Corporation | 2 | 1 | 1 | 4 |
| BELFB | Bel Fuse Inc. | 2 | 1 | 0 | 3 |
| BHE | Benchmark Electronics, Inc. | 2 | 0 | 0 | 2 |
| ALNT | Allient Inc. | 1 | 1 | 0 | 2 |
| BELFA | Bel Fuse Inc. | 0 | 2 | 0 | 2 |
| OUST● | Ouster, Inc. | 0 | 1 | 1 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.