Quarterly ResultMay 7, 2026, 04:43 PM
indie Semiconductor Q1 Revenue $55.5M; $25M Radar Order
AI Summary
indie Semiconductor reported Q1 2026 revenue of $55.5 million, a 3% increase year-over-year, exceeding the midpoint of its outlook. The company also secured a significant $25 million production order for its radar chipset from a Tier 1 partner, driven by demand from two automotive OEMs. Non-GAAP operating loss improved to $11.1 million, showing continued progress towards profitability, and the company provided Q2 2026 revenue guidance of $59 million to $65 million.
Key Highlights
- Received a $25M production order for radar chipset from a Tier 1 partner for two OEM customers.
- Q1 2026 revenue was $55.5M, exceeding the midpoint of outlook and up 3% year-over-year.
- Non-GAAP operating loss improved to $11.1M, compared to $15.1M in Q1 2025.
- Non-GAAP loss per share for Q1 2026 was $0.06.
- Commenced volume shipments of vision processor to NIO for eMirror camera deployment.
- Launched first commercially available UV DFB laser at 399 nm for next-generation quantum systems.
- Provided Q2 2026 revenue outlook of $59M to $65M, with a midpoint of $62M.