indie Semiconductor, Inc.

indie Semiconductor announced changes to its Board of Directors and executive leadership. Dr. Ichiro Aoki will resign as President and Board member, effective June 29, 2026, as part of a phased retirement plan, transitioning to a Technical Advisor role. Concurrently, Thomas Schiller was appointed as a Class III director, effective June 29, 2026. Mr. Schiller, who previously served as the company's CFO and EVP of Strategy, will continue in his current role as Strategic Advisor while serving on the Board.

indie Semiconductor, Inc. announced that its stockholders approved an amendment to the 2021 Omnibus Equity Incentive Plan, increasing the number of shares available for award grants by 17,000,000. This approval was part of the Company's 2026 annual meeting, where stockholders also elected three Class II directors and approved executive compensation on an advisory basis. Additionally, KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026.

indie Semiconductor, through its wholly-owned subsidiary indie UK, has signed a Master Agreement to acquire the CMOS image sensor business from ams-OSRAM AG for a total consideration of 40.0 million EUR (approximately $47.1 million). The deal includes a 35.0 million EUR cash payment at closing and a 5.0 million EUR vendor debt note. This acquisition is expected to augment indie's ADAS portfolio, strengthen its multimodal sensing capabilities, and support its expansion into physical AI applications. The transaction is subject to regulatory approvals and is anticipated to close in the third quarter of 2026, with immediate accretion expected.

indie Semiconductor reported a net loss of $(47.1) million for Q1 2026, a significant increase from $(37.2) million in Q1 2025, despite a slight revenue increase to $55.5 million. The company's total liabilities grew to $520.6 million, driven by a substantial increase in long-term debt. Cash and cash equivalents saw an increase, partly due to new debt issuances and repurchases during the quarter.

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.