indie Semiconductor Q2 revenue rises 24%, beats estimates
INDI•Q3 outlook
- indie Semiconductor expects Q3 2026 revenue between $67 mln and $73 mln
- Company anticipates 30% Y-o-Y growth at midpoint of Q3 2026 outlook
- indie expects Q3 2026 revenue split: $40 mln core business, $30 mln Wuxi indie Micro
Q2 revenue beats estimates
- US automotive semiconductor supplier's Q2 revenue rose 24% yr/yr, beating analyst expectations
- Non-GAAP operating loss narrowed to $8.9 mln from $14.5 mln a year ago
- Company guides for Q3 revenue growth of 30% yr/yr
Result drivers and design wins
- Radar solutions adoption - Co cited growing global OEM adoption of its 77GHz radar solutions for front and corner applications as a key driver of Q2 results
- Design wins - Co highlighted new radar and vision processor design wins with Tier 1 suppliers and leading OEMs, including Volvo and Chinese automakers
- Quantum and physical AI - Co pointed to record quantum bookings and increased activity in physical AI and computer vision as contributing to growth
