indie Semiconductor (NASDAQ:INDI) Issues Quarterly Earnings Results

08 Nov 2026, 04:10 by Danessa Lincoln · The Markets Daily

indie Semiconductor (NASDAQ:INDI – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01), FiscalAI reports. The company had revenue of $70.24 million during the quarter, compared to analysts’ expectations of $70.21 million. indie Semiconductor had a negative net margin of 61.02% and a negative return on equity of 34.00%. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share.

Here are the key takeaways from indie Semiconductor’s conference call:

Q3 revenue was $70.2 million, up 31% year over year and 10% sequentially, with core business revenue up about 14% sequentially. Management guided to Q4 revenue of $73 million–$81 million, implying roughly 33% year-over-year growth at the midpoint.
Automotive radar has entered high-volume production, and indie said a top-three North American OEM selected its technology. Management expects radar to be a significant growth driver in 2027, though it did not disclose the OEM program’s timing or ramp details.
Demand for indie’s DRAM-less vision processor is accelerating amid memory shortages and pricing pressure; management said fewer than 20% of its design wins have begun ramping. The company expects organic radar and vision growth to more than replace Wuxi revenue in 2027.
Indie cited design wins in humanoid robotics, drones, and warehouse robotics, and said its vision portfolio secured more than 40 Physical AI wins this year. It is redirecting a substantial portion of its 2027 R&D budget toward the market, but excluded these wins from backlog because their revenue potential and ramp timing remain uncertain.
Gross margin slipped to 41.6%, which management attributed largely to mix and price pressure in Wuxi; the planned Wuxi sale remains subject to Chinese regulatory review. Indie reported $144.3 million in cash and expects non-GAAP profitability in Q2 2027, but those milestones depend on execution and the divestiture has not closed.

indie Semiconductor Stock Performance

indie Semiconductor stock traded up $0.46 during midday trading on Friday, hitting $1.81. 16,894,288 shares of the company’s stock were exchanged, compared to its average volume of 6,212,193. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.86 and a current ratio of 3.65. The stock has a market cap of $419.58 million, a price-to-earnings ratio of -2.51 and a beta of 3.10. indie Semiconductor has a 12-month low of $1.34 and a 12-month high of $5.49. The firm’s 50 day simple moving average is $2.60 and its 200 day simple moving average is $3.48.

Insider Buying and Selling at indie Semiconductor

In other news, COO Michael Wittmann sold 40,625 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $3.59, for a total transaction of $145,843.75. Following the completion of the sale, the chief operating officer owned 115,922 shares in the company, valued at approximately $416,159.98. This represents a 25.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sonalee Parekh sold 59,932 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $4.07, for a total value of $243,923.24. Following the transaction, the director directly owned 99,857 shares in the company, valued at approximately $406,417.99. This represents a 37.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 353,861 shares of company stock valued at $1,296,644 over the last ninety days. 2.57% of the stock is currently owned by corporate insiders.

Key Stories Impacting indie Semiconductor

Here are the key news stories impacting indie Semiconductor this week:

Positive Sentiment: Third-quarter revenue rose 31% year over year to $70.2 million, narrowly exceeding estimates. The company also said automotive radar chipsets entered high-volume production, a potential source of future growth. indie Reports Third Quarter 2026 Results
Neutral Sentiment: Fourth-quarter revenue guidance is $73 million to $81 million, with the midpoint of $77 million nearly matching analysts’ $76.9 million consensus. B. Riley kept its Buy rating but lowered its price target from $5 to $4; the new target still implies substantial upside from the cited $1.81 share price.
Negative Sentiment: INDI reported a loss of $0.05 per share, missing the $0.04 loss analysts expected, though the loss narrowed from $0.07 a year earlier. B. Riley’s price-target cut also signals reduced expectations, despite its continued Buy rating. indie Semiconductor Reports Q3 Loss, Beats Revenue Estimates

Analyst Ratings Changes

INDI has been the subject of several research analyst reports. Roth Capital set a $5.00 price objective on shares of indie Semiconductor in a research note on Friday, August 7th. TD Cowen decreased their target price on indie Semiconductor from $4.50 to $2.00 and set a “hold” rating for the company in a research report on Monday, October 19th. B. Riley Financial dropped their price target on indie Semiconductor from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.94.

Read Our Latest Analysis on indie Semiconductor

indie Semiconductor Company Profile

(Get Free Report)

indie Semiconductor, Inc develops semiconductor and software solutions for the automotive industry. Its products are designed to support advanced driver-assistance systems (ADAS), vehicle electrification, connected-car applications and automotive user experiences.

The company’s technology portfolio includes solutions for automotive radar, computer vision, lidar, ultrasonic sensing, vehicle networking, battery management and power conversion. Its products are intended for use in systems such as automated parking, blind-spot detection, collision avoidance, in-cabin monitoring, lighting, infotainment and other intelligent vehicle functions.