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indie Semiconductor Q3 revenue rises 31%, slightly misses estimates

By Reuters News


Overview

  • US automotive chipmaker's Q3 revenue rose 31% yr/yr, a slight miss against analyst expectations

  • Non-GAAP operating loss narrowed to $7.2 mln from $11.3 mln a year ago

  • Company guides Q4 revenue growth of 33% yr/yr at midpoint of outlook


Outlook

  • Company expects Q4 2026 revenue between $73 mln and $81 mln

  • indie sees Q4 2026 core business revenue at about $47 mln at midpoint

  • Company anticipates Q4 2026 year-over-year revenue growth of about 33%


Result Drivers

  • RADAR CHIPSET WINS - Co said its radar chipset was selected by a top three North American OEM, contributing to Q3 performance

  • CORE BUSINESS GROWTH - Core business revenue rose 14% sequentially to $40.7 mln, supporting overall revenue growth

  • DESIGN WINS - Co secured more than 40 vision design wins YTD, including in Physical AI, and won eMirror and side-view mirror designs at major Indian and Korean OEMs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

$70.2 mln

$70.21 mln (8 Analysts)

Q3 Adjusted Operating Income

-$7.2 mln

Q3 Operating Income

-$39 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the semiconductors peer group is "buy"

  • Wall Street's median 12-month price target for indie Semiconductor Inc is $5.50, about 245.9% above its November 4 closing price of $1.59


Reuters Recommended Reads

  • Nov 2 - Advanced Energy Q3 revenue beats on record semiconductor and data center computing sales

  • Nov 3 - Navitas Semiconductor Q3 revenue beats estimates on rising demand from AI data centers and grid infrastructure

  • Nov 4 - GlobalFoundries Q3 revenue slightly beats, adjusted profit exceeds estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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