Quarterly ResultAug 6, 2026, 04:43 PM
indie Semiconductor Q2 Revenue $64M, up 24% Y-o-Y; Narrows Losses
AI Summary
indie Semiconductor reported second-quarter 2026 financial results, with revenue increasing 24% year-over-year to $64.0 million, exceeding guidance. The company significantly narrowed both GAAP and Non-GAAP operating losses, demonstrating progress towards profitability. Key business highlights included new design wins for radar and vision processors, the launch of a new Edge AI SoC, and record Quantum bookings. For the third quarter of 2026, indie Semiconductor anticipates accelerating revenue growth of 30% year-over-year, with projected revenue between $67 million and $73 million.
Key Highlights
- Q2 2026 revenue reached $64.0 million, a 24% increase year-over-year.
- GAAP operating loss for Q2 2026 narrowed to $35.1 million from $43.0 million a year ago.
- Non-GAAP operating loss for Q2 2026 was $8.9 million, down from $14.5 million year-over-year.
- Q2 2026 GAAP loss per share was $0.17, and Non-GAAP loss per share was $0.05.
- Secured a radar design win with a Tier 1 supplier for Volvo.
- Launched iND881, a next-generation Edge AI SoC for automotive and physical AI applications.
- Q3 2026 revenue guidance is $67 million to $73 million, representing 30% year-over-year growth at midpoint.
- Q3 2026 Non-GAAP net loss per share is projected at $0.04.
Price Impact
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