10-Q · May 8, 2026
Indie Semiconductor reported Q1 2026 revenue of $55.5 million, slightly above estimates, with a reduction in operating losses compared to the previous quarter. However, both gross and operating margins remain low, and…
Earnings analysis · 10-Q
INDI earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Indie Semiconductor delivered a stronger Q2 2026, with revenue of $64.009 million up 16.4% sequentially and 23.1% year over year, while EPS of $(0.05) improved substantially and beat consensus. The quarter was within…
Read full summary
Indie Semiconductor delivered a stronger Q2 2026, with revenue of $64.009 million up 16.4% sequentially and 23.1% year over year, while EPS of $(0.05) improved substantially and beat consensus. The quarter was within the prior $59 million-$65 million revenue outlook, but the filing does not provide new quantitative guidance. Liquidity was approximately $149.0 million, while foreign-currency exposure worsened, including a $(0.7) million quarterly translation impact and $13.2 million of cumulative translation losses.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.05
What stood out
-
Revenue Rebounded Strongly
Q2 2026 revenue was $64.009 million, up from $55 million in Q1 2026 (+16.4%) and $52 million in Q2 2025 (+23.1%). Revenue exceeded the $62.384 million consensus estimate by approximately 2.6%.
-
EPS Improved and Beat Estimates
Reported EPS was $(0.05), improving from $(0.21) in Q1 2026 and $(0.20) in Q2 2025. EPS also exceeded the $(0.07) consensus estimate.
-
Liquidity Remains Meaningful
Cash, cash equivalents and restricted cash totaled approximately $149.0 million as of June 30, 2026, supporting near-term liquidity and investment capacity.
-
Controls Remained Effective
Management stated that disclosure controls and procedures were effective as of June 30, 2026, and reported no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, controls during the quarter.
What to watch
-
Foreign Exchange Volatility
Foreign currency translation produced a $(0.7) million loss in the three months ended June 30, 2026, versus a $1.5 million gain in the year-ago period. Management said international growth will increase exposure and plans to enter into additional currency forward contracts.
-
Growing Translation Losses
Cumulative foreign currency translation losses related to foreign subsidiaries reached $13.2 million at June 30, 2026, up from $5.9 million at June 30, 2025. The filing attributes the increase primarily to translation losses on permanently invested intercompany loans.
-
Liquidity Must Fund Operations
The company’s investment portfolio, consisting principally of cash equivalents and restricted cash, totaled approximately $149.0 million at June 30, 2026. Although management does not view interest-rate exposure as material, preservation of this liquidity is important given the company’s continuing operating-loss profile.
Management's outlook
The filing does not provide new quantitative revenue or EPS guidance. Q2 2026 revenue of $64.009 million was within the previously disclosed $59 million-$65 million range; any further outlook appears deferred to the earnings release or call.
Earlier filings 4
10-K · February 27, 2026
Indie Semiconductor describes a strategy focused on highly integrated automotive SoCs, photonics and embedded software (including the acquired emotion3D) targeting ADAS, in‑cabin monitoring and adjacent markets. Revenue…
10-Q · November 7, 2025
Indie Semiconductor reported Q3 revenue of $53.676M, essentially flat year‑over‑year (Q3 2024: $53.965M) with gross margin roughly stable at ~40.1%. Operating loss narrowed to $38.342M (Q3 2024: $49.903M) driven by…
10-Q · August 8, 2025
Indie Semiconductor reported Q2 revenue of $51.634M, down modestly from $52.355M a year earlier, while gross margin compressed to 40.6% and operating loss widened to -$42.993M. Management initiated a 2025 restructuring…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.