indie Semiconductor Reports Q3 2026 Revenue Growth and Targets 2027 Profitability
indie Semiconductor (INDI) reported third-quarter revenue of $70.2 million, representing a 31% year-over-year increase and exceeding management's guidance. The company reached a significant operational milestone with its automotive radar chipsets entering high-volume production following qualification by Tier 1 suppliers. To drive future growth, the company is pivoting research and development resources toward 'physical artificial intelligence,' specifically customizing system-on-chip (SoC) architectures for robotics and humanoid machines. This strategy aims to diversify revenue streams beyond the traditional automotive sector. Financially, management has set a clear roadmap for stability, targeting non-GAAP profitability by the second quarter of 2027 and positive operating cash flow by the third quarter of 2027. The company expects full-year revenue growth to exceed 20%.