indie Semiconductor (NASDAQ:INDI) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

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

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 Trading Up 33.6%

Shares of INDI traded up $0.46 during trading hours on Friday, reaching $1.81. 16,894,288 shares of the company traded hands, compared to its average volume of 6,212,193. The stock’s fifty day moving average price is $2.60 and its 200 day moving average price is $3.48. The company has a current ratio of 3.65, a quick ratio of 2.86 and a debt-to-equity ratio of 1.25. The firm 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.

indie Semiconductor News Summary

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. B. Riley Financial reduced their price objective on shares of indie Semiconductor from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Thursday, October 15th. Roth Capital set a $5.00 target price on indie Semiconductor in a research report on Friday, August 7th. Finally, TD Cowen cut their target price on indie Semiconductor from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Monday, October 19th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, indie Semiconductor presently has a consensus rating of “Hold” and a consensus price target of $3.94.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 42,468 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $4.10, for a total value of $174,118.80. Following the completion of the sale, the chief operating officer directly owned 96,884 shares of the company’s stock, valued at $397,224.40. The trade was a 30.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sonalee Parekh sold 59,932 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $4.07, for a total transaction of $243,923.24. Following the completion of the transaction, the director owned 99,857 shares in the company, valued at $406,417.99. This represents a 37.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 353,861 shares of company stock worth $1,296,644. 2.57% of the stock is currently owned by corporate insiders.

indie Semiconductor Company Profile

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.

Founded in 2007 and headquartered in Aliso Viejo, California, indie serves automotive manufacturers and suppliers internationally.