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

indie Semiconductor (NASDAQ:INDI) issued its earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the business posted ($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 Price Performance

INDI stock traded up $0.46 during trading on Friday, hitting $1.81. The stock had a trading volume of 16,894,288 shares, compared to its average volume of 6,212,193. The company’s 50 day moving average price is $2.60 and its two-hundred day moving average price is $3.48. indie Semiconductor has a 1-year low of $1.34 and a 1-year high of $5.49. The stock has a market cap of $419.58 million, a price-to-earnings ratio of -2.51 and a beta of 3.10. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.86 and a current ratio of 3.65.

Insider Activity

In other news, COO Michael Wittmann sold 40,625 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $3.59, for a total value of $145,843.75. Following the completion of the transaction, the chief operating officer owned 115,922 shares of the company’s stock, valued at $416,159.98. The trade was a 25.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Donald McClymont sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $3.11, for a total transaction of $155,500.00. Following the transaction, the chief executive officer directly owned 481,026 shares in the company, valued at $1,495,990.86. The trade was a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 353,861 shares of company stock valued at $1,296,644 over the last quarter. 2.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

INDI has been the topic of several research reports. Roth Capital set a $5.00 price target on shares of indie Semiconductor in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Thursday, October 15th. TD Cowen reduced 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. Finally, B. Riley Financial lowered their target price on indie Semiconductor from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, indie Semiconductor currently has a consensus rating of “Hold” and an average price target of $3.94.

Key Headlines 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

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.