INDI
indie SemiconductorDDocument history
Earnings documents stored for INDI.
Investor releaseQuarter not tagged2026-07-07indie Sets Date for Second Quarter 2026 Earnings Release and Conference Call
Business Wire
indie Sets Date for Second Quarter 2026 Earnings Release and Conference Call
ALISO VIEJO, Calif., July 07, 2026--(BUSINESS WIRE)--indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, plans to conduct a conference call with analysts to discuss its second quarter 2026 results and business outlook on August 6, 2026, at 5:00 p.m. Eastern time. After the close of the market on August 6 and prior to the conference call, indie Semiconductor ("indie") will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on indie’s website at https://investors.indie.inc/news. To listen to the conference call via the Internet, please go to the Financials tab on the Investors page of indie’s website. To listen to the conference call via telephone, please call (877) 451-6152 (domestic) or (201) 389-0879 (international). A replay of the conference call will be available beginning at 9:00 p.m. Eastern time on August 6, 2026, until 11:59 p.m. Eastern time on August 20, 2026, under the Financials tab on the Investors page of indie’s website, or by calling (844) 512-2921 (domestic) or (412) 317-6671 (international), Access ID: 13761248. About indie Headquartered in Aliso Viejo, CA, indie is empowering the automotive revolution with next-generation semiconductors, photonics, and perception software platforms. We focus on developing innovative, high-performance, and energy-efficient mixed-signal SoCs and system solutions for ADAS and adjacent industrial applications, including humanoid robotics, and quantum technology. Our sensors span all major modalities (Radar, Computer Vision, LiDAR, and Ultrasound), accelerating the proliferation of automated vehicle safety and sensing features. As a global innovator, we are an approved vendor to Tier 1 partners, and our solutions can be found in marquee automotive OEMs worldwide. Please visit us at www.indie.inc to learn more. #indieSemi_Earnings View source version on businesswire.com: https://www.businesswire.com/news/home/20260707950735/en/ Contacts Media Inquiries [email protected] Investor Relations [email protected]
Investor releaseQuarter not tagged2026-05-08indie Semiconductor Q1 Earnings Call Highlights
MarketBeat
indie Semiconductor Q1 Earnings Call Highlights
Interested in indie Semiconductor, Inc.? Here are five stocks we like better. Q1 revenue was $55.5 million, about $0.5 million above the prior outlook midpoint and up ~3% year‑over‑year, while non‑GAAP operating loss improved; management completed a $170.5 million convertible note refinancing (net ~$165M), ended the quarter with $184.7M cash, expects Q2 revenue of $59–65M (midpoint $62M), and is pursuing a planned ~$135M sale of its Wuxi stake pending Chinese approvals. indie won a $25 million production order for a tier‑one partner’s Gen8 77 GHz 4TX/8RX radar, has secured additional back‑end/test capacity and second‑source foundry arrangements for ramp, and expects radar to "contribute meaningfully" this year across mainstream vehicle segments. The DRAM‑less iND880 vision processor has moved into production (eMirror at NIO), is drawing a pipeline described as "tens of millions" annually, and management said its momentum could potentially exceed radar revenue this year while easing DRAM supply constraints and lowering system BOMs. Small Cap, Big Potential: 3 Tech Disruptors You Should Know About indie Semiconductor (NASDAQ:INDI) reported first-quarter 2026 revenue of $55.5 million, topping the midpoint of its prior outlook by about $0.5 million and increasing roughly 3% year-over-year, as the automotive chip supplier cited improving market conditions and continued demand for higher semiconductor content per vehicle. CEO and co-founder Don McClymont said the broader automotive semiconductor market is showing a “measured recovery,” with channel inventories “largely normalizing” and demand described as “cautious but improving.” He added that global vehicle production remains “range-bound,” but secular trends—such as the shift toward software-defined vehicles, expanding ADAS adoption, and increasing exterior and in-cabin sensing—continue to drive semiconductor content per vehicle. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% 3 Auto Chip Stocks Up 60%+ From 2025 Lows: More Gains Ahead? McClymont also pointed to ongoing geopolitical tensions and shifting trade dynamics that are affecting supply chains across the industry, contributing to higher logistics costs and “selective capacity constraints.” In the question-and-answer session, he said the environment remains tight due to demand tied to AI, adding that it will require “a watchful eye… fo...
Investor releaseQuarter not tagged2026-05-08indie Reports First Quarter 2026 Results
Business Wire
indie Reports First Quarter 2026 Results
Delivered Q1 2026 Revenue of $55.5M, exceeding the midpoint of the outlook, up 3% year-over-year Received $25M production order for radar chipset from Tier 1 partner driven by two OEM customers ALISO VIEJO, Calif., May 07, 2026--(BUSINESS WIRE)--indie Semiconductor, Inc. (Nasdaq: INDI), an automotive solutions innovator, today announced first quarter results for the period ended March 31, 2026. Q1 revenue was $55.5 million. On a GAAP basis operating loss for the first quarter of 2026 was $38.9 million, the same as the prior year period. Non-GAAP operating loss for the first quarter of 2026 was $11.1 million, compared to $15.1 million a year ago, representing continued progress towards profitability. First quarter 2026 GAAP loss per share was $0.21, while Non-GAAP loss per share was $0.06. "indie delivered a solid first quarter, with revenue exceeding the midpoint of our guidance, up 3 percent year over year," said Donald McClymont, indie’s co-founder and chief executive officer. "Notably, we have received a production order of $25 million from our Tier 1 radar partner, driven by demand from two automotive OEMs and marking a significant commercial milestone. With continued expansion into quantum and physical AI, indie is ideally situated to drive consistent, profitable growth." Business Highlights Commenced volume shipments of vision processor to NIO for eMirror camera deployment Ramped production of iND880 for camera mirror system with largest Chinese OEM Launched first commercially available UV DFB laser at 399 nm for next-generation quantum systems Leveraged indie's LiDAR SoC for Advanced Mobile Robot (AMR) for major global logistics company Captured indie perception software design win with Mahindra for Electric Origin SUV series Q2 2026 Outlook We provide guidance on a non-GAAP basis only because certain information necessary to reconcile such results and guidance to GAAP is difficult to estimate and dependent on future events outside of our control and, therefore, is not available without unreasonable efforts. Please refer to the header captioned "Discussion Regarding the Use of Non-GAAP Financial Measures" in this release for a further discussion of our use of non-GAAP measures. For the second quarter of 2026, indie expects revenue to be between $59 million and $65 million, or $62 million at the midpoint. At the midpoint of our outlook, we anticipate a...
Investor releaseQuarter not tagged2026-05-08indie Semiconductor, Inc. Q1 2026 Earnings Call Summary
Moby
indie Semiconductor, Inc. Q1 2026 Earnings Call Summary
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by a 20% sequential growth in the core ADAS portfolio, offsetting broader automotive market caution and range-bound vehicle production. Management attributes the success of the iND880 vision processor to its DRAMless architecture, which allows OEMs to bypass severe memory supply constraints and price premiums. The company is strategically diversifying its foundry and back-end capacity to mitigate geopolitical risks and meet 'no China, no Taiwan' manufacturing requirements from specific customers. Strategic expansion into the quantum computing market is supported by the launch of the world's first 399nm ultraviolet DFB laser, targeting neutral atom architectures. The 'embodied AI' sector, including humanoids and autonomous mobile robots, is emerging as a primary technology driver that may soon lead rather than follow automotive innovation. Operational execution was highlighted by the NIO eMirror program moving from design to production in just six months, demonstrating technical readiness and accelerated time-to-market. Q2 2026 guidance assumes approximately 8% sequential growth in the core business, driven by the continued ramp of ADAS and photonics programs. The $25 million radar production order is expected to contribute meaningfully to 2026 revenue, with management securing additional test capacity to support the volume ramp. The divestiture of the Wuxi indie Micro equity interest for $135 million is progressing through Chinese regulatory reviews and is anticipated to close later in 2026. Management expects accelerating engagement and potential commitments from U.S. customers for vision solutions due to the cost and latency benefits of memoryless architectures. The company is positioned to reach profitability through disciplined operating expense management and the scaling of high-margin design wins across radar and vision portfolios. Geopolitical tensions and shifting trade dynamics have resulted in elevated logistics costs and selective capacity constraints across the industry. The company successfully refinanced its debt, issuing $170.5 million in 2031 notes to retire 2027 debt, extending its maturity profile by four years and lowering coupon costs. Wuxi business faced headwinds...
TranscriptFY2026 Q12026-05-07FY2026 Q1 earnings call transcript
Earnings source - 47 paragraphs
FY2026 Q1 earnings call transcript
Good afternoon, and welcome to the indie Semiconductor first quarter 2026 earnings call. Currently, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. As a reminder, this conference call is being recorded. I will now turn the call over to Ashish Gupta, Investor Relations. Mr. Gupta, please go ahead.
Thank you, operator. Good afternoon, and welcome to indie's first quarter 2026 earnings call. Joining me today are Don McClymont, indie's CEO and Co-Founder, Naixi Wu, indie CFO, and Mark Tyndall, EVP of Corporate Development and Investor Relations. Don will provide opening remarks and discuss business highlights. Naixi will then provide a review of indie's Q1 results and business outlook. Please note that we're making forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. These statements reflect our views only as of today and should not be relied upon as representative of views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations.
For material risks and other important factors that could affect our financial results, please review our risk factors in our annual report on Form 10-K for the fiscal year ended December 31, 2025, as supplemented by our quarterly reports on Form 10-Q, as well as other public reports filed with the SEC. Finally, the results and guidance discussed today are based on consolidated non-GAAP measures such as non-GAAP operating loss, non-GAAP net loss, and non-GAAP net loss per share. For a complete reconciliation to GAAP and the definition of the non-GAAP reconciling items, please see our Q1 earnings press release in addition to a presentation summarizing our quarterly results in more details on non-GAAP measures, as posted on our website in advance of this call at www.indie.inc. I'll now turn the call over to Don.
Thanks, Ashish, welcome everybody. indie delivered a solid first quarter with revenue of $55.5 million, approximately half a million above the midpoint of our guidance and up 3% year-over-year. Before turning to our business achievements, let me provide some context on the market environment. Looking at the broader automotive semiconductor market, we see a measured recovery, with channel inventories largely normalizing and demand environments characterized as cautious but improving. Underlying global vehicle production remains range-bound, while secular content drivers, including the continued transition to software-defined vehicles, expanding ADAS adoption, increasing exterior and in-cabin sensing requirements, are fueling demand for semiconductor content per vehicle, as was always our thesis. This is the backdrop against which indie continues to advance our radar vision and photonics portfolios, supporting growth that will consistently outpace the market.
On a macro level, geopolitical tensions and shifting trade dynamics continue to impact the global supply chain, affecting peers, customers, and suppliers alike. These dynamics have contributed to elevated logistics cost and selective capacity constraints across the industry. Even against this backdrop, indie is maintaining a positive trajectory, successfully managing through these challenges. indie is experiencing tremendous growth in interest and activity in quantum and robotics. We continue to forge new opportunities with some of the trendsetting emerging companies in these high-growth markets with our expanding photonics portfolio in quantum and our vision processing and sensor ICs and embodied AI. As noted by the International Federation of Robotics, the broader robotics market, which spans industrial robots, mobile robots, cobots, humanoids, and drones, is forecast to grow from approximately $88 billion in 2026 to over $218 billion by 2031, a CAGR of nearly 20%.
Within that opportunity, the Yole Group states that the global humanoid robotic market is set to increase from $600 million in 2025 to $6 billion in 2030 at a CAGR of 56% and then accelerate to $51 billion by 2035, a CAGR of 55% between 2030 and 2035. Let me now turn to our recent business progress and key achievements during the past quarter. I'm extremely pleased to share that our tier one partner, who recently launched their Gen8 radar solution built on indie's 77 GHz radar technology, representing the first 4TX 8RX radar available in the industry, has committed to a new production order of $25 million, driven by support for two key OEMs, one European and one Asian.
This milestone is particularly rewarding as this order confirms previously communicated production expectations and multi-OEM acceptance following successful design, testing, and qualification over the past many months. We are now positioned to ramp production efficiently, having secured additional back-end and test capacity across multiple suppliers in preparation for the ramp ahead. In parallel, we are advancing our second-source foundry strategy to support the manufacturing flexibility and in some cases to support a no China, no Taiwan requirement demanded by certain industry players. Moving to our vision portfolio, the iND880 vision processor has begun production supporting eMirror camera functionality at NIO, a premium Chinese EV OEM. This program moved from design to production in approximately six months, a testament to our team's technical readiness, execution discipline, and close collaboration with customers and partners, and further reinforces our commitment to reducing time to market and accelerating deployment.
In addition, the camera mirror system when we referenced last quarter with the largest Chinese OEM is now entering volume production. At the prestigious Beijing Auto Show, several exciting new models featured indie technology, including the Buick GL8, the AITO M9, the NIO ES9, and the Cadillac VISTIQ, to name a few. These models are now entering the production phase in 2026. A defining advantage of the iND880 and increasingly a focal point in our customer engagements is a DRAM-less architecture. By eliminating the need for external memory, the iND880 helps customers navigate any DRAM supply constraints. In many cases, our customers are unable to source memory at all, and using the iND880 allows them to alleviate line down situations. If DRAM can be sourced, it comes at a price premium measured in multiples rather than percentages.
iND880 therefore massively reduces overall bill of materials in addition to lowering system resource demands on downstream AI processors and improving image signal processing throughput and real-time latency. What was originally an attractive design point for China OEMs has rapidly broadened into a global value proposition. We are now seeing accelerating engagement and likely commitments from U.S. customers, often on compressed timelines as the architectural benefits of going memoryless are recognized across the industry. We expect this to remain a meaningful growth driver for our vision portfolio through 2026 and beyond. By way of update on our perception software portfolio following the integration of emotion3D, we recently announced a strategic partnership with Mahindra, a leading Indian OEM, to supply our OMS/DMS perception suite for the electric origin SUV series. Additionally, we expect commitments from U.S.-based customers in the near future to add to our momentum.
Our photonics portfolio continues to gain meaningful traction in the rapidly expanding quantum technology market. During the quarter, we announced the world's first commercially available ultraviolet distributed feedback or DFB laser at 399 nm. A wavelength precisely matched to the atomic cooling transition of ytterbium, the element used in the neutral atom quantum computing architecture that leads the industry today in physical qubit count. Our broader visible DFB laser family now spans wavelengths from the near ultraviolet to green, addressing the cooling, trapping, and excitation requirements across the four atomic species that account for the substantial majority of cold atom quantum computing development. We are actively engaged with several of the leading quantum computing companies on next-generation laser source requirements, and we believe our differentiated photonics platform positions indie as a key enabling supplier to the quantum ecosystem as it scales over the coming decade.
In the LIDAR space, we are finally beginning to see the adoption of FMCW technology into multiple markets. Our integration partners are completing designs which incorporate indie's iND83301 SoC into their products, replacing FPGA-based processing and delivering an 80% reduction in power consumption, a 40% reduction in solution size, and a market-making cost position. We are seeing traction not only from the automotive industry, but from multiple areas in embodied AI. A one key producer of AMR or autonomous mobile robots for warehouse management is engaged. Generally speaking, the embodied AI market is generating demand for many of our sensing products centered around vision, but including LIDAR and radar, with applications also ranging from AMR through humanoids to drones. Our sensing technologies allow robots to better understand and navigate unpredictable environments and enable the transition from more traditional industrial robot implementations to more advanced, truly autonomous units.
The pace of engagement is electrifying. We expect that it will begin to lead the automotive market in driving new technology as opposed to leveraging existing technologies. With that, I will turn the call over to Naixi to walk through our financial results.
Thank you, Donald, good afternoon, everyone. indie's first quarter revenue was $55.5 million, exceeding the midpoint of our outlook by half a million dollars, representing an increase of approximately 3% compared to the prior year period. Revenue from our core business was approximately $34.1 million, a sequential growth of over 20%, reflecting the continued momentum in our core ADAS portfolio. Revenue from Wuxi was approximately $21.4 million, consistent with our expectations. Non-GAAP operating expenses during the quarter totaled $37.3 million, consistent with our outlook. As a result, our first quarter Non-GAAP operating loss was $11.1 million compared to $15.1 million in the comparable period in 2025, demonstrating our continued progress towards achieving profitability.
With net interest expense of $2.8 million, our net loss was $13.9 million and loss per share was $0.06 on a base of 223 million shares, consistent with our guidance last quarter. Please refer to the presentation located on our website for a more detailed breakdown of our non-GAAP measures. Turning to the balance sheet. During the quarter, we issued a 4% convertible senior note due 2031 with an aggregate principal amount of $170.5 million or a net proceeds of approximately $165 million after fees and offering costs. We used these net proceeds to repurchase a significant portion of our 2027 notes for a total of approximately $108 million. The remaining proceeds are retained for working capital and general corporate purposes.
This refinancing extends our debt maturity profile by approximately four years, lowers our coupon, and enhances our financial flexibility to support our growth strategy. As a result of the debt issuance and repayment activity I just discussed, along with routine operating activities, we exited the quarter with total cash and cash equivalents, including restricted cash of $184.7 million, a net increase of $29 million from the fourth quarter of 2025. Turning to the previously announced potential divestiture of our equity interest in Wuxi indie Micro. As you may recall, we entered into the definitive agreement in October 2025 to sell our entire interest in Wuxi to UFA for approximately $135 million, payable net of taxes and fees in cash at closing.
Following UFA's shareholder approval in November 2025, the transaction commenced its required regulatory approval process in China, including review by the Shenzhen Stock Exchange and the CSRC, and has continued to advance since then. While the exact timing of closing remains subject to the completion of that regulatory process, the transaction is progressing well, and we remain optimistic that the transaction will close later this year, consistent with our prior updates. Moving to our outlook for the second quarter of 2026, we expect to deliver total revenue between $59 million-$65 million, with $62 million at the midpoint. We anticipate a revenue contribution from Wuxi in the second quarter of $25 million, with our core business contributing approximately $37 million at the midpoint, representing approximately an 8% growth sequentially or about 20% year-over-year growth in our core ADAS, photonics, and adjacent business.
We expect our non-GAAP operating expenses to be $38 million for Q2, relatively flat compared to Q1. Below the line, we expect net interest expense of approximately $3.1 million with no tax expenses. Assuming the midpoint of the revenue range and with a base of 227 million shares, we expect to improve our net loss per share to $0.05. From a financial perspective, our strong focus on managing operating expenses and our solid balance sheet, including anticipated proceeds from the sale of Wuxi, indie is financially well-positioned to support our path to strong and profitable growth as design wins ramp through 2026. With that, I'll turn the call back to Donald for closing remarks.
Thank you, Naixi. indie's business remains very solid, as evidenced by strong first quarter results and positive outlook for the second quarter. Radar and vision programs remain firmly on track, highlighted by success at multiple OEMs. With the addition of quantum and embodied AI, indie's technology leadership and expanding product portfolio positions us extremely well to drive growth. We believe no other semiconductor company offers a product portfolio as well-suited as indie's to meet the diverse needs of these emerging markets. We are confident in our business as our radar and vision design wins continue to ramp. That concludes our prepared remarks. Operator, please open the line for questions.
Thank you. If you'd like to ask a question, press star one on your keypad. To leave the queue at any time, press start two. Once again, press star one to ask a question. We'll take our first question from Cody Acree with Benchmark/StoneX. Please go ahead. Your line is now open.
Yeah, guys, thanks for taking my questions, and congrats on the progress. Donald, maybe we can start with your $25 million order. Can you maybe just walk us through your expected delivery schedule? How does that pace through the rest of the year?
Well, I mean, first of all, we are super excited to receive the order, especially as it came in sort of one big discrete chunk, and it underlines the commitment of our tier one customer to the end customers that they have committed to them at this point. You know, we're super excited about that. I mean obviously, we knew about this situation ahead of time, the fact that we were allowed to publicly discuss this and highlight this fact was super exciting for us. Hopefully that gives an indication to the market that the impending reality of what we're doing here with this huge project is coming to fruition.
In terms of how we schedule it out, I mean, it's, it's not the only order we have, and it's not the only order that we'll get. It is sort of, let's say, tied to a couple of key customers to make sure, the thinking behind it is really to make sure that we can secure capacity and all that stuff. Having the orders on the books is hugely advantageous and helpful in that respect. You know, we talked about that in the prepared remarks, that it was one of the tools that we used to go do that.
We don't expect that we'll give details of when this particular order is running out, but it's gonna be the first of many as we drive towards, maximizing the revenue that we get out of, out of this project.
Are those wafers already in the path of the working process? Can you just talk about delivery schedules for revenue ramp?
I mean, we have a bunch of wafers in the line, of course. We've talked about that in the past as well, you know, we have secured capacity for those guys too. We do expect that it will contribute meaningfully in this year. Obviously we're just reconfirming that really.
You talked about wafer packaging, I mean, back-end package and test and substrate availability and then your diversification and your foundry strategy. Can you just update us on the progress, what's left to be done, and is that now substantially behind you?
I mean, you know, the market is very tight right now because of the demand from AI. It's not going to be something that we can just leave to run automatically. It's gonna be something that we're gonna have to have a watchful eye over for the foreseeable future. I think we're comfortable now with the diversification of the supplier base that we have and our ability to therefore deliver to that.
Great. Thanks, guys, and congrats.
All right. Thanks, Cody.
Thank you. We'll take our next question from Suji Desilva with Roth Capital. Please go ahead, your line is open.
Hi, Donald. Hi, Naixi. Congratulations on the initial PO, Donald. Can you maybe give us some sense of the initial customer end customers of your customer and what the auto models they're using this for? Is it premium, mainstream, L2+ or advanced L3, L4? Any color that you'd have about where this is landing would be helpful.
Well, I mean, it's largely mainstream. We're supplying a number of radars per vehicle in most cases. The kind of vehicles that we're supplying to range from low to mid-tier through high tier, through even commercial vehicles. You know, we'll see our products adoption being really deep and large in the penetration of it being very widespread. We're not certainly married to level three, level four or anything really higher end. These are products that we'll, you know, you'll find on something like a Volkswagen Golf or a Toyota Corolla. It will be deeply penetrated.
That's very helpful, Donald. Can you help us understand how this tier one layers in beyond the initial two customers for this PO? Are there more customers behind it, or will these two customers first ramp initially? How will that progress in your pipeline? Or their pipeline, I guess.
No, I mean, there are a bunch of customers expected to ramp at varying times through all jurisdictions in the field, ranging from China through Europe through the U.S. This is just specifically that this purchase order really was driven to provide a commitment to the two OEMs that we talked about in the script. It's far from limited to those two.
Thank you. We'll take our next question from Anthony Stoss with Craig-Hallum. Please go ahead, your line is now open.
Pretty close on the pronunciation. Donald, I wanted to hone in on the iND880. Can you maybe share a range of the pipeline or the opportunity, the design wins you have? I'd love to hear if you think the iND880 solution might generate more revenue for you than radar in 2026.
It's, yeah, I mean, I mean, we've been super surprised and excited by the resonance of this. I mean, we knew the commercial value of it, but, you know, actually seeing it and feeling it took a little longer to get to some of the customers who are a little more conservative and maybe believed that they would be able to source what they needed in memory, and of course, turned out not to be the case. I mean, you know, we're seeing, you know, pipeline of tens of millions of dollars per year in annual revenue. It is moving very, very fast indeed because of just the need. Needs must. I mean, the memories are hard to source, and if you can get them, they're going for two, three, four times their normal price.
Yeah, it is maybe even possible that it might exceed radar in this year.
Got it. Then, in your prepared remarks and in the press release, you talked about drones. Would this same iND880 be going into that? What kind of solutions from indie would be going into a lot of these drones that you're talking about?
I mean, we have a bunch of activities ongoing. iND880 is one of the products that are being looked at right now. There's a derivative of it which is also able to have some other functionality, including an AI processor, which we've talked about briefly in the past. It may also get used. They are beginning to look at LIDAR processor and even through our automotive tier one customer, we're, you know, seeing demand for the radars going on these things too. There's a very high level of content. The market is moving extremely quickly, and the dollar values of the ASPs are good.
Thank you. We'll take our next question from Jon Tanwanteng with CJS Securities. Please go ahead, your line is now open.
Hey, this is Will in for Jon. Last quarter you had some headwinds in the Wuxi business. Can you just talk more about the underlying trends there and how they're developing?
Yeah, I mean, there were some headwinds in the China market, particularly at the lower end of the e-vehicle market, really driven by a change in the subsidy policy of the Chinese government, which we saw hit through Q1. As we highlighted in last quarter's earnings and reiterated here, we, you know, we are expecting a good bit of a bounce back in the next quarter. We believe that those issues are resolving. Generally speaking, in the China market, we, you know, we see some unit headwinds, the content per vehicle is increasing significantly. We, you know, we believe that's offsetting, and we're seeing that in the strength, particularly of our vision portfolio in China at the moment.
Thank you.
Thank you. There are no further questions on the line at this time. I'll turn the meeting back over to Donald.
Well, thanks, everybody. Thanks for your time. Looking forward to seeing you at the investor conferences over the course of the quarter.
Thank you. This brings us to the end of today's meeting. We appreciate your time and participation. You may now disconnect.
Investor releaseQuarter not tagged2026-04-30Volkswagen Q1 Earnings Call Highlights
MarketBeat
Volkswagen Q1 Earnings Call Highlights
This Fund Manager Says You Should Get Out of Tesla and Apple—Now Volkswagen (ETR:VOW3) executives used the company’s first-quarter 2026 results call to highlight a strong cash flow performance, continued weakness in the U.S. and China, and a “step-up and acceleration” of a transformation plan that management said is necessary to lift profitability in a tougher operating environment marked by tariffs and intensifying competition. CEO Oliver Blume said customer deliveries fell 4% in the first quarter, “mainly due to the declines in U.S. and China,” while the group kept its global market share stable. Group operating profit came in at EUR 2.5 billion, translating to a 3.3% return on sales. Blume called the reported margin “a solid result,” but said it remains insufficient given investment needs and a changed market backdrop. → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? indie Semiconductor is Driving ADAS Gains Globally CFO and COO Arno Antlitz said revenue declined 2% year-over-year to EUR 75.7 billion, while the operating result was 14% lower year-over-year at EUR 2.5 billion. Antlitz said the decline was “mainly due to special effects amounting to EUR 800 million,” with EUR 0.5 billion booked “related to the announced end of the production of the ID.4 in Chattanooga,” plus restructuring charges at Traton and other areas. Excluding special effects, the group’s first-quarter operating margin would have been 4.3%. Despite the profit pressure, automotive net cash flow was a bright spot. Blume said automotive net cash flow was “strong at around EUR 2 billion,” reflecting working-capital measures begun last year. Antlitz reported automotive net cash flow of EUR 2.0 billion versus minus EUR 0.8 billion in the prior-year quarter, citing improved gross cash flow, lower tax payments, and discipline on M&A. Automotive net liquidity was EUR 34.2 billion at quarter-end, “almost on par” with year-end 2025, despite a EUR 1.75 billion hybrid bond redemption in February. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Enphase Energy is Still Converting Solar Energy into Profits Antlitz said first-quarter deliveries totaled 2.05 million vehicles. By region, North America deliveries fell 13% “mainly due to U.S. tariffs,” which he said became effective in April 2025. China deliveries were down 15%, while South America grew 7% and Europe grew 5%. Managemen...
Investor releaseQuarter not tagged2026-04-10indie Sets Date for First Quarter 2026 Earnings Release and Conference Call
Business Wire
indie Sets Date for First Quarter 2026 Earnings Release and Conference Call
ALISO VIEJO, Calif., April 09, 2026--(BUSINESS WIRE)--indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, plans to conduct a conference call with analysts to discuss its first quarter 2026 results and business outlook on May 7, 2026, at 5:00 p.m. Eastern time. After the close of the market on May 7 and prior to the conference call, indie Semiconductor ("indie") will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on indie’s website at https://investors.indie.inc/news. To listen to the conference call via the Internet, please go to the Financials tab on the Investors page of indie’s website. To listen to the conference call via telephone, please call (800) 245-3047 (domestic) or (203) 518-9765 (international), Conference ID: INDIQ1. A replay of the conference call will be available beginning at 9:00 p.m. Eastern time on May 7, 2026, until 11:59 p.m. Eastern time on May 21, 2026, under the Financials tab on the Investors page of indie’s website, or by calling (844) 512-2921 (domestic) or (412) 317-6671 (international), Access ID: 11161459. About indie Headquartered in Aliso Viejo, CA, indie is empowering the automotive revolution with next-generation semiconductors, photonics, and perception software platforms. We focus on developing innovative, high-performance, and energy-efficient mixed-signal SoCs and system solutions for ADAS and adjacent industrial applications, including humanoid robotics, and quantum technology. Our sensors span all major modalities (Radar, Computer Vision, LiDAR, and Ultrasound), accelerating the proliferation of automated vehicle safety and sensing features. As a global innovator, we are an approved vendor to Tier 1 partners, and our solutions can be found in marquee automotive OEMs worldwide. Please visit us at www.indie.inc to learn more. #indieSemi_Earnings View source version on businesswire.com: https://www.businesswire.com/news/home/20260409286965/en/ Contacts Media Inquiries [email protected] Investor Relations [email protected]
Investor releaseQuarter not tagged2026-03-04Indie Semiconductor Inc (INDI) Shares Earnings Update and Analyst Revisions
Insider Monkey
Indie Semiconductor Inc (INDI) Shares Earnings Update and Analyst Revisions
Indie Semiconductor Inc is among the best NASDAQ penny stocks to buy according to analysts. On February 23, UBS analysts lowered their price target on Indie Semiconductor Inc (NASDAQ:INDI) to $4.25 from $5 while reaffirming a Neutral rating on the stock. The price target reduction stemmed from the analysts lowering their valuation multiple for Indie Semiconductor from 18x to 16x. With this multiple revision, the analysts lowered their EPS projection for Semiconductor Inc this year to $0.27 from $0.28. However, they raised their EPS estimates for 2028 onward. In other news, Indie Semiconductor Inc (NASDAQ:INDI) released its Q4 2025 results on February 19. It delivered revenue of $58 million, which increased 8% sequentially and exceeded the midpoint of internal projections by $1 million. It posted an adjusted loss per share of $0.07. Looking ahead, the company projected Q1 2026 revenue in the band of $52 million – $58 million. This projection assumed a $21 million decline in revenue from Wuxi and a 20% sequential growth in core business revenue. Based in Aliso Viejo, California, Indie Semiconductor Inc (NASDAQ:INDI) is a provider of chips and software for advanced driver assistance systems, humanoid robotics, and adjacent industrial applications. While we acknowledge the potential of INDI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 11 Best Italian Stocks to Buy in 2026. Disclosure: None. Follow Insider Monkey on Google News.
Investor releaseQuarter not tagged2026-02-24Indie Semiconductor Inc (INDI) Q4 2025 Earnings Call Highlights: Strong Revenue Growth Amid ...
GuruFocus.com
Indie Semiconductor Inc (INDI) Q4 2025 Earnings Call Highlights: Strong Revenue Growth Amid ...
This article first appeared on GuruFocus. Revenue: $58 million for Q4 2025, exceeding the midpoint of outlook by $1 million, up 8% sequentially. Full Year Revenue: $217.4 million for 2025. Non-GAAP Operating Expenses: $36.8 million for Q4 2025. Non-GAAP Operating Loss: $10.1 million for Q4 2025, compared to $11.3 million last quarter and $14.2 million a year ago. Net Loss: $12.4 million for Q4 2025. Loss Per Share: $0.07 on a base of 220.4 million shares for Q4 2025. Cash and Cash Equivalents: $155.7 million at the end of Q4 2025, a $15.5 million decrease from the third quarter. Q1 2026 Revenue Outlook: Expected between $52 million to $58 million, with $55 million at the midpoint. Q1 2026 Non-GAAP Operating Expenses: Expected to be $37 million. Q1 2026 Net Loss Per Share: Expected $0.07 based on 223 million shares at the midpoint of the revenue range. Warning! GuruFocus has detected 6 Warning Signs with INDI. Is INDI fairly valued? Test your thesis with our free DCF calculator. Release Date: February 19, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Indie Semiconductor Inc (NASDAQ:INDI) reported a solid fourth quarter with revenue of $58 million, exceeding the midpoint of their outlook by $1 million and showing an 8% sequential growth. The company is capitalizing on the automotive industry's shift towards ADAS and automated driving, positioning itself well in a market undergoing structural transformation. Indie Semiconductor Inc (NASDAQ:INDI) is seeing strong adoption of its radar and vision solutions by industry leaders in both the U.S. and China, indicating robust market demand. The company has secured significant design wins, including a critical win with a leading electric vehicle manufacturer in China, which is expected to open more strategic opportunities. Indie Semiconductor Inc (NASDAQ:INDI) has made meaningful progress in mitigating supply chain constraints by qualifying second source package and substrate vendors, ensuring a more robust supply chain. The company reported a non-GAAP operating loss of $10.1 million for the fourth quarter, although this was an improvement from the previous year. Indie Semiconductor Inc (NASDAQ:INDI) expects a decline in first-quarter revenue from its Wuxi operations due to reduced EV subsidies and the Chinese New Year shutdown. The broader supply environment...
Investor releaseQuarter not tagged2026-02-20indie Semiconductor, Inc. Q4 2025 Earnings Call Summary
Moby
indie Semiconductor, Inc. Q4 2025 Earnings Call Summary
indie's fourth quarter revenue reached $58 million, exceeding the midpoint of the company's outlook and representing sequential growth of approximately 8%. Management attributes long-term growth to the structural transformation of ADAS from premium options to standardized safety features across all vehicle classes. The company is pivoting its automotive sensing technology into the humanoid robotics market, providing 'eyes and ears' for industry leaders like Figure AI and Unitree. Strategic integration of emotion3D has unified AI perception algorithms with hardware SoCs, enabling comprehensive driver and occupancy monitoring solutions. A DRAM-less vision architecture is being leveraged as a competitive advantage to bypass global memory supply constraints while reducing customer bill-of-materials. The Tier 1 radar partnership is scaling to address an estimated annual demand of over 50 million units as Gen 8 solutions gain global OEM traction. Q1 2026 guidance assumes a 20% sequential increase in core business revenue, offset by a seasonal decline in the Wuxi indie Micro segment. Management expects the sale of Wuxi indie Micro for $135 million to close by late 2026, pending regulatory approvals from the Shenzhen Stock Exchange and CSRC. Supply chain strategy for 2026 focuses on qualifying second-source foundries and substrate vendors to mitigate AI-driven industry shortages. The Qi 2.0 wireless charging platform remains on track for a first-half 2026 production launch with Ford, with subsequent OEM adoption expected. Operating expenses are projected to remain relatively flat throughout 2026, with minor fluctuations for specific tooling investments. Persistent shortages in package substrates, driven by high AI chip demand, are expected to remain a constraint through the end of 2026. The Wuxi business faces near-term headwinds due to reduced electric vehicle subsidies in China and typical Lunar New Year production shutdowns. The company is implementing a 'China for China' and 'non-China for non-China' supply chain strategy to satisfy local sourcing demands for large-scale programs. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management confirmed radar revenue remains in the $30 million to $50 million range for 2026 with a steepening ramp thereafter. Visibi...
Investor releaseQuarter not tagged2026-02-20indie Reports Fourth Quarter 2025 Results
Business Wire
indie Reports Fourth Quarter 2025 Results
Delivered Q4 2025 Revenue of $58M, up 8% sequentially, exceeding the midpoint of the outlook by $1M Commenced first radar chipset shipments to Tier 1 partner ALISO VIEJO, Calif., February 19, 2026--(BUSINESS WIRE)--indie Semiconductor, Inc. (Nasdaq: INDI), an automotive solutions innovator, today announced fourth quarter results for the period ended December 31, 2025. Q4 revenue was $58.0 million. On a GAAP basis, fourth quarter 2025 operating loss was $33.9 million compared to $33.9 million a year ago. Non-GAAP operating loss for the fourth quarter of 2025 was $10.1 million, compared to $14.2 million a year ago, representing continued progress towards profitability. Fourth quarter 2025 GAAP loss per share was $0.16, while Non-GAAP loss per share was $0.07. "indie delivered solid fourth quarter results, exceeding the midpoint of our outlook," said Donald McClymont, indie's co-founder and chief executive officer. "Our Tier 1 partner’s radar launch and our first chipset shipments marked a key milestone. Coupled with the addition of the adjacent high-growth humanoid robotics market, indie is well positioned to drive continued growth." Business Highlights Commenced radar chipset shipments to Tier 1 partner iND880 design win with Chinese EV manufacturer for camera monitoring, ramping mid-2026 Completed emotion3D integration, expanding perception software ecosystem Announced strategic perception software partnership with Mahindra for XEV 93 and BE 6 Electric Origin SUVs Awarded DFB laser design win for non-automotive LiDAR application; secured largest LXM laser booking Qi 2.0 wireless charging production expected in first half of 2026 with Ford Q1 2026 Outlook For the first quarter of 2026, indie expects revenue to be between $52 million and $58 million, or $55 million at the midpoint. We anticipate a decline in the first quarter revenue from our Wuxi indie Micro subsidiary to $21 million, and we expect revenue from our core business to grow by 20% sequentially to $34 million at the midpoint. indie’s Q4 2025 Conference Call indie Semiconductor will host a conference call with analysts to discuss its fourth quarter 2025 results and business outlook today at 5:00 p.m. Eastern time. To listen to the conference call via the Internet, please go to the Financials tab on the Investors page of indie’s website. To listen to the conference call via telephone, please call (8...
Investor releaseQuarter not tagged2026-02-20indie Semiconductor Q4 Earnings Call Highlights
MarketBeat
indie Semiconductor Q4 Earnings Call Highlights
Radar and ADAS momentum: Management said indie's Gen‑8 77 GHz radar launched with a Tier‑1 in Q4, is gaining global OEM traction and could address demand of "well above 50 million units" annually as ADAS features become standardized, while the company is expanding second‑source foundries and backend capacity to support the ramp. Financial results and near‑term outlook: Q4 revenue was $58 million (up 8% sequential) with full‑year revenue of $217.4M and an improved non‑GAAP operating loss of $10.1M; cash ended at $155.7M and Q1‑2026 revenue guidance is $52M–$58M (midpoint $55M) while the agreed sale of Wuxi for about $135M remains subject to China regulatory approvals. New markets and design wins: indie highlighted early adoption in humanoid robotics (deployments with Figure AI and Unitree), IND880 vision SoC wins (including a leading EV maker in China ramping mid‑2026), photonics/quantum bookings that are set to ~triple in 2026, and Qi wireless charging production with Ford on track for H1 2026. Interested in indie Semiconductor, Inc.? Here are five stocks we like better. Small Cap, Big Potential: 3 Tech Disruptors You Should Know About indie Semiconductor (NASDAQ:INDI) reported fourth-quarter 2025 revenue of $58 million, topping the midpoint of its outlook by $1 million and rising 8% sequentially, as management highlighted continued momentum in advanced driver-assistance systems (ADAS) programs and early contributions from newer adjacent markets such as humanoid robotics and quantum sensing. CEO and co-founder Don McClymont said the automotive market is entering “a pivotal new phase” as ADAS and automated driving features move from optional or premium offerings toward standardized content at Level 2 and above. He pointed to broad consumer expectations for baseline safety features such as lane assist, automatic emergency braking, blind-spot detection, and collision warnings, describing the shift as a structural transformation driven by software-defined intelligence, regulatory readiness, and scalable sensor technology. → Corning’s Surprise AI Boom: Is It Already Too Late to Buy? 3 Auto Chip Stocks Up 60%+ From 2025 Lows: More Gains Ahead? McClymont also emphasized growing interest in humanoid robotics, saying the market is moving from labs to industrial and real-life applications. He said indie’s radar, vision, and interface technologies “align perfectly” wit...