Overview

* Indie Q3 2025 revenue slightly misses analyst expectations at $53.7 mln

* Non-GAAP operating loss for Q3 2025 reduced to $11.3 mln from $16.8 mln a year ago

* Company highlights Gen8 radar product launch and entry into humanoid robotics market

Outlook

* indie expects Q4 2025 revenue between $54 mln and $60 mln

* Company sees Q4 2025 non-GAAP gross margin between 46% and 47%

* indie estimates $5 mln revenue impact from package substrate shortages in Q4 2025

Result Drivers

* GEN8 RADAR LAUNCH - Tier 1 partner introduced Gen8 radar product incorporating indies radar chipset, marking a significant milestone

* HUMANOID ROBOTICS MARKET - Commenced supply to market leaders in humanoid robotics, expanding presence in new sector

* STRATEGIC BACKLOG INCREASE - Strategic backlog grew to $7.4 bln, driven by ADAS and industrial design wins

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $53.70 $54 mln

Revenue Miss* mln (6

Analysts

)

Q3 -$11.3

Adjusted mln

Operatin

g Income

Q3 -$38.3

Operatin mln

g Income

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for indie Semiconductor Inc ( INDI ) is $6.00, about 20% above its November 5 closing price of $4.80

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)