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 Beat: Q4 revenue was $58 million, exceeding the midpoint of guidance by $1 million and up 8% sequentially.
Core Business Growth: The core business is expected to grow 20% quarter-over-quarter to $34 million in Q1 2026.
Wuxi Revenue Decline: Wuxi revenue is forecasted to drop in Q1 2026 due to lower EV subsidies and Chinese New Year shutdown but is expected to recover in Q2.
Radar Program Momentum: Radar business is gaining commercial traction, with initial shipments made and expectations for a strong ramp through 2026 and beyond.
Profitability Progress: Non-GAAP operating loss improved to $10.1 million from $11.3 million last quarter and $14.2 million a year ago.
Supply Chain Constraints: Substrate and packaging shortages continue, though the company has qualified new suppliers and expects to manage through 2026.
Wuxi Sale Update: The $135 million cash sale of Wuxi indie Micro is progressing but still awaits regulatory approval in China.
