indie Semiconductor (NASDAQ:INDI) Posts Earnings Results, Hits Estimates

indie Semiconductor (NASDAQ:INDI) released its quarterly earnings data on Thursday. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05), FiscalAI reports. indie Semiconductor had a negative net margin of 65.18% and a negative return on equity of 30.89%. The company had revenue of $64.01 million during the quarter, compared to the consensus estimate of $62.49 million. During the same period last year, the firm earned ($0.08) EPS. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year.

Here are the key takeaways from indie Semiconductor’s conference call:

• Q2 revenue rose 24% year over year to $64 million, exceeding the midpoint of guidance by $2 million. Non-GAAP operating loss improved to $8.9 million from $14.5 million a year earlier.
• Management highlighted accelerating demand for its radar and vision products, including a significant Volvo design win, multiple iND880 DRAMless wins, and anticipated steep ramps across automotive and physical AI applications.
• Indie reported record Quantum photonics bookings, recurring laser orders, and customer-funded development programs, while robotics wins with Unitree and Agibot broaden the company’s exposure beyond automotive.
• The company guided Q3 revenue to $67 million-$73 million, with operating expenses expected to decline to $37 million and loss per share to improve to approximately $0.04 at the midpoint.
• Cash and restricted cash fell $35.7 million sequentially to $149 million as Indie funded inventory, receivables, capital expenditures, and operating losses. The planned CMOS image sensor acquisition and Wuxi divestiture also remain subject to regulatory approval, though management expects both processes to progress before year-end.

indie Semiconductor Price Performance

NASDAQ:INDI traded up $0.61 on Friday, reaching $4.04. The stock had a trading volume of 9,415,613 shares, compared to its average volume of 4,923,884. The company has a quick ratio of 3.39, a current ratio of 4.11 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $916.68 million, a P/E ratio of -5.53 and a beta of 2.79. indie Semiconductor has a 1-year low of $2.32 and a 1-year high of $6.05. The stock has a fifty day moving average price of $3.99 and a 200-day moving average price of $3.76.

Analysts Set New Price Targets

Several research analysts recently issued reports on INDI shares. TD Cowen increased their price target on shares of indie Semiconductor from $4.00 to $4.50 and gave the stock a “hold” rating in a research report on Monday, July 13th. UBS Group lifted their price objective on indie Semiconductor from $4.25 to $4.75 and gave the company a “neutral” rating in a report on Friday, May 8th. Roth Capital set a $5.00 price objective on indie Semiconductor in a research note on Friday. Wall Street Zen raised indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, indie Semiconductor has a consensus rating of “Hold” and an average price target of $4.75.

Trending Headlines about indie Semiconductor

Here are the key news stories impacting indie Semiconductor this week:

• Positive Sentiment: Q2 revenue beat expectations: Revenue rose 24% year over year to $64.0 million, exceeding the $62.5 million consensus estimate. The company’s adjusted operating loss narrowed to $8.9 million from $14.5 million a year earlier, while its per-share loss of $0.05 matched expectations. indie Reports Second Quarter 2026 Results
• Positive Sentiment: Management forecasts further growth: indie expects third-quarter 2026 revenue of $67 million to $73 million, a range that brackets the $70.2 million analyst consensus and implies sequential growth from Q2. Indie anticipates Q3 2026 revenue of $67M-$73M
• Positive Sentiment: Product pipeline remains a catalyst: The company is expanding its radar, DRAMless vision and photonics offerings, which could support new automotive design wins and longer-term revenue growth. indie Semiconductor Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Losses remain substantial: Although profitability improved, indie still reported a GAAP operating loss of $35.1 million, a negative net margin and negative return on equity. Analysts continue to expect a full-year loss. indie Semiconductor Reports Q2 Loss, Beats Revenue Estimates
• Negative Sentiment: Guidance is not a clear upside surprise: The midpoint of the Q3 revenue outlook is broadly in line with estimates, limiting the immediate impact of the forecast despite its expected sequential increase.

Insider Activity

In other news, President Ichiro Aoki sold 300,562 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $5.18, for a total value of $1,556,911.16. Following the completion of the transaction, the president owned 107,148 shares in the company, valued at approximately $555,026.64. The trade was a 73.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Donald Mcclymont sold 126,496 shares of indie Semiconductor stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $4.45, for a total transaction of $562,907.20. Following the completion of the transaction, the chief executive officer owned 424,617 shares of the company’s stock, valued at $1,889,545.65. This trade represents a 22.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,490,456 shares of company stock worth $7,501,613. Corporate insiders own 2.57% of the company’s stock.

Hedge Funds Weigh In On indie Semiconductor

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of indie Semiconductor by 309.7% during the first quarter. Royal Bank of Canada now owns 551,007 shares of the company’s stock worth $1,122,000 after purchasing an additional 416,519 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of indie Semiconductor by 42.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,002,253 shares of the company’s stock valued at $2,040,000 after buying an additional 298,339 shares during the last quarter. Millennium Management LLC raised its holdings in shares of indie Semiconductor by 456.6% in the first quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock valued at $7,535,000 after buying an additional 3,037,435 shares during the last quarter. JPMorgan Chase & Co. lifted its position in indie Semiconductor by 5.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 255,322 shares of the company’s stock worth $909,000 after buying an additional 13,495 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in indie Semiconductor by 24.3% during the 2nd quarter. Rhumbline Advisers now owns 299,275 shares of the company’s stock worth $1,065,000 after buying an additional 58,473 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

indie Semiconductor Company Profile

indie Semiconductor, Inc is a fabless semiconductor company headquartered in San Jose, California, that specializes in advanced chip solutions for the automotive industry. The company designs and develops microcontrollers, sensor processing units, application processors and power management integrated circuits tailored for electric vehicles (EVs), advanced driver assistance systems (ADAS), infotainment and digital clusters. indie’s product portfolio aims to deliver high performance, energy efficiency and functional safety to meet stringent automotive requirements.

Originally formed as Integrated Memory Systems in 2021 through a business combination with a special purpose acquisition company, the firm rebranded to indie Semiconductor in early 2022.