indie Semiconductor Q2 revenue rises 24%, beats estimates

indie Semiconductor

06/08/2026 21:45

Overview
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

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

Result Drivers
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

Company press release: ID:nBw8qwhhya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$64 mln
$62.54 mln (8 Analysts)
Q2 Adjusted Operating Income
 
-$8.9 mln
 
Q2 Operating Income
 
-$35.1 mln
 

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 $6.00, about 77% above its August 5 closing price of $3.39

Reuters Recommended Reads
Aug 6 - Taiwan's Himax Q2 revenue rises on automotive IC strength
Aug 4 - Germany's Elmos Semiconductor Q2 sales rise on strong demand
Aug 5 - Aeva Technologies Q2 revenue rises, beats analyst expectations

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(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.)