indie Semiconductor Inc
NASDAQ:INDI
indie Semiconductor Inc
indie Semiconductor, Inc. provides automotive semiconductor and software solutions for Advanced Driver Assistance Systems (ADAS) including LiDAR, connected car, user experience and electrification applications. The company is headquartered in Aliso Viejo, California and currently employs 400 full-time employees. The company went IPO on 2019-10-04. The firm is supporting the Autotech revolution with automotive semiconductors and software platforms. The company is focused on edge sensors for advanced driver assistance systems, including light detection and ranging (LiDAR), connected car, user experience and electrification applications. The firm is an approved vendor to Tier 1 partners and its solutions can be found in marquee automotive original equipment manufacturers (OEMs) around the world. indie has design centers and sales offices in Austin, Texas; Boston, Massachusetts; Detroit, Michigan; San Francisco and San Jose, California; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland and several locations throughout China.
indie Semiconductor, Inc. provides automotive semiconductor and software solutions for Advanced Driver Assistance Systems (ADAS) including LiDAR, connected car, user experience and electrification applications. The company is headquartered in Aliso Viejo, California and currently employs 400 full-time employees. The company went IPO on 2019-10-04. The firm is supporting the Autotech revolution with automotive semiconductors and software platforms. The company is focused on edge sensors for advanced driver assistance systems, including light detection and ranging (LiDAR), connected car, user experience and electrification applications. The firm is an approved vendor to Tier 1 partners and its solutions can be found in marquee automotive original equipment manufacturers (OEMs) around the world. indie has design centers and sales offices in Austin, Texas; Boston, Massachusetts; Detroit, Michigan; San Francisco and San Jose, California; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland and several locations throughout China.
Revenue: Q3 revenue was $53.7 million, in line with guidance and representing growth above the automotive market.
Supply Chain Disruption: A sudden shortage of packaged substrates is expected to create a temporary $5 million revenue shortfall in Q4, but management expects to recover these sales as supply normalizes in Q1 2026.
Gross Margin Pressure: Q4 gross margin is guided down to 47% due to unfavorable product mix and higher Wuxi contribution, but margins are expected to improve post-Wuxi sale.
Backlog Growth: Strategic backlog increased to $7.4 billion from $7.1 billion the previous year, with growth driven by new wins in radar, vision, and expansion into quantum and robotics markets.
Profitability Progress: Operating loss narrowed to $11.3 million from $14.5 million last quarter, continuing the progress toward profitability.
M&A Activity: Acquisition of emotion3D closed ahead of schedule; expected to contribute about $1 million per quarter to revenue in 2025.
Wuxi Sale: Announced pending sale of Wuxi business for approximately $135 million, expected to close by late 2026, strengthening the balance sheet and improving margin profile.
Market Outlook: China remains the strongest region; vision and radar programs are ramping quickly with significant new design wins, especially in China and North America.
