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

indie Semiconductor (NASDAQ:INDI) released its earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01), FiscalAI reports. indie Semiconductor had a negative return on equity of 34.00% and a negative net margin of 61.02%. 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) earnings per share. 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 Price Performance

Shares of NASDAQ:INDI traded up $0.46 during trading on Friday, hitting $1.81. 16,894,288 shares of the company’s stock were exchanged, compared to its average volume of 6,212,193. The business’s 50-day simple moving average is $2.60 and its 200 day simple moving average is $3.48. The company 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 52-week low of $1.34 and a 52-week high of $5.49. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.65 and a quick ratio of 2.86.

Insiders Place Their Bets

In other indie Semiconductor news, CEO Donald McClymont sold 50,000 shares of the 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 completion of the sale, the chief executive officer directly owned 481,026 shares of the company’s stock, valued at $1,495,990.86. This trade represents a 9.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael Wittmann sold 42,468 shares of indie Semiconductor stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $4.10, for a total transaction of $174,118.80. Following the sale, the chief operating officer owned 96,884 shares in the company, valued at approximately $397,224.40. The trade was a 30.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 353,861 shares of company stock valued at $1,296,644 in the last 90 days. 2.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

INDI has been the subject of a number of recent analyst reports. Roth Capital set a $5.00 price target on shares of indie Semiconductor in a research report on Friday, August 7th. TD Cowen decreased their price objective on shares of indie Semiconductor from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Monday, October 19th. B. Riley Financial lowered their target price on shares of indie Semiconductor from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.94.

indie Semiconductor News Roundup

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

About indie Semiconductor

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.