indie Semiconductor Reports Q3 2026 Revenue Growth of 31% Driven by ADAS Momentum
indie Semiconductor (INDI) reported third-quarter revenue of $70.2 million, exceeding guidance and representing a 31% year-over-year increase. The company's core business grew 14% sequentially, fueled by momentum in its Advanced Driver Assistance Systems (ADAS) portfolio. While the company continues to report net losses, it successfully narrowed its non-GAAP operating loss to $7.2 million compared to $11.3 million in the prior year quarter. Looking ahead, management provided optimistic fourth-quarter revenue guidance between $73 million and $81 million. The company is also focused on strategic shifts, including the potential divestiture of its Wuxi subsidiary for approximately $135 million in gross cash to United Faith Auto-Engineering Co., Ltd. Management expects to reach non-GAAP operating profitability by the second quarter of 2027.
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Topics: ADAS portfolio financial guidance operating loss reduction revenue growth