indie Semiconductor Posts Fourth Quarter 2025 Revenue and Earnings Update, Highlights Growth in Automotive Design Wins
indie Semiconductor, Inc. a leading innovator in automotive semiconductor and perception software solutions, reported its financial results for the fourth quarter and full year ended December 31, 2025, highlighting steady revenue performance, meaningful progress toward profitability, and expanding strategic momentum across automotive and adjacent high-growth markets.
Fourth Quarter 2025 Financial Performance
For the fourth quarter of 2025, indie generated revenue of $58.0 million, reflecting continued resilience amid a dynamic automotive semiconductor landscape. The company exceeded the midpoint of its previously issued outlook, signaling solid execution during a period marked by supply chain normalization and evolving demand patterns across global automotive markets.
On a GAAP basis, indie reported an operating loss of $33.9 million for the fourth quarter, unchanged from the same period a year ago. While GAAP operating results remained pressured by ongoing investments in research and development, product commercialization, and strategic growth initiatives, the company demonstrated measurable operational improvement on a non-GAAP basis.
Non-GAAP operating loss narrowed to $10.1 million in Q4 2025, compared to $14.2 million in the fourth quarter of 2024. This year-over-year improvement represents continued advancement toward indie’s longer-term profitability objectives. The reduction in non-GAAP losses underscores disciplined cost management, operating leverage from revenue growth, and enhanced efficiency across core business functions.
GAAP net loss per share for the quarter was $0.16. On a non-GAAP basis, loss per share improved to $0.07, reflecting operational gains and progress in aligning expenses with scalable revenue streams.
Leadership Commentary and Strategic Milestones
Donald McClymont, indie’s co-founder and chief executive officer, characterized the quarter as a significant step forward for the company.
indie delivered solid fourth quarter results, exceeding the midpoint of our outlook,” McClymont said. “Our Tier 1 partner’s radar launch and our first chipset shipments marked a key milestone. Coupled with the addition of the adjacent high-growth humanoid robotics market, indie is well positioned to drive continued growth.”
The CEO’s remarks highlight two pivotal developments during the quarter: the commercial launch of radar solutions through a Tier 1 automotive partner and the commencement of chipset shipments. These achievements represent critical validation points for indie’s advanced driver-assistance systems (ADAS) portfolio and signal the company’s transition from design wins to scaled production deployment.
Business Highlights: Expanding Market Reach
Throughout the fourth quarter and into early 2026, indie achieved several important commercial and technological milestones that reinforce its position in automotive sensing and adjacent markets.
Radar Chipset Shipments Begin
indie commenced radar chipset shipments to a Tier 1 automotive partner, marking an inflection point in its ADAS radar program. Radar technology remains a foundational component of next-generation vehicle safety systems, enabling adaptive cruise control, collision avoidance, blind-spot detection, and increasingly sophisticated autonomous driving capabilities.
The launch not only validates indie’s engineering capabilities in high-performance mixed-signal system-on-chip (SoC) design but also positions the company for higher-volume production ramps as OEM adoption accelerates.
iND880 Design Win with Chinese EV Manufacturer
The company secured a significant design win for its iND880 solution with a leading Chinese electric vehicle manufacturer. The iND880 will support a camera monitoring system and is expected to ramp into production in mid-2026.
China continues to be one of the fastest-growing electric vehicle markets globally, with aggressive technology integration across both premium and mass-market segments. By securing this win, indie strengthens its presence in a critical geographic region and deepens relationships with high-growth EV OEMs.
Completion of emotion3D Integration
indie completed the integration of emotion3D, expanding its perception software ecosystem. The addition enhances indie’s capabilities in advanced in-cabin sensing and driver monitoring technologies, enabling more comprehensive perception platforms that combine hardware and software in a unified architecture.
This strategic integration supports indie’s broader vision of delivering full-stack perception solutions, combining radar, LiDAR, vision sensors, and intelligent software algorithms to create safer and more automated driving environments.
Strategic Partnership with Mahindra
indie announced a strategic perception software partnership with Mahindra for its XEV 9e and BE 6 Electric Origin SUVs. The collaboration reflects indie’s growing footprint among global OEMs and underscores demand for advanced perception software solutions in electric vehicle platforms.
By aligning with Mahindra on next-generation electric SUV programs, indie reinforces its position in the rapidly expanding EV segment, particularly in emerging markets where electrification and advanced safety features are converging.
LiDAR and Laser Technology Wins
The company also reported a distributed feedback (DFB) laser design win for a non-automotive LiDAR application, further diversifying its revenue streams beyond traditional automotive markets. Additionally, indie secured its largest LXM laser booking to date, signaling strong demand for its photonics portfolio.
LiDAR and laser technologies remain central to advanced sensing applications in automotive, industrial automation, robotics, and emerging quantum-related technologies. These wins reflect indie’s ability to leverage its photonics expertise across multiple high-value verticals.
Qi 2.0 Wireless Charging with Ford
indie announced that Qi 2.0 wireless charging production is expected to begin in the first half of 2026 in collaboration with Ford. Wireless charging solutions are increasingly being integrated into modern vehicles to support seamless consumer device connectivity.
By participating in next-generation Qi 2.0 production programs, indie expands its addressable market within vehicle interior electronics and strengthens its relationships with major automotive manufacturers.
Entry into Humanoid Robotics and Adjacent Markets
Beyond its automotive focus, indie is positioning itself to capitalize on the adjacent high-growth humanoid robotics market. Robotics systems require sophisticated sensing, power management, and perception technologies—areas that closely align with indie’s core competencies in mixed-signal SoCs and multi-modal sensing.
The convergence of AI-driven robotics and advanced sensor platforms creates meaningful long-term opportunities. By leveraging its radar, computer vision, LiDAR, and ultrasound sensor portfolio, indie can address safety, navigation, and environmental awareness needs across both automotive and robotics platforms.
The company also maintains exposure to emerging quantum technology applications, further broadening its long-term innovation roadmap.
Q1 2026 Outlook
Looking ahead to the first quarter of 2026, indie expects revenue to range between $52 million and $58 million, with a midpoint of $55 million.
The company anticipates a sequential decline in revenue from its Wuxi indie Micro subsidiary to approximately $21 million. However, revenue from its core business is projected to grow approximately 20% sequentially, reaching $34 million at the midpoint.
This outlook reflects the evolving revenue mix within the organization, with core automotive and perception-related activities driving growth momentum while certain subsidiary contributions moderate in the near term.
Despite near-term variability, the projected sequential growth in the core business underscores strengthening demand for indie’s primary product lines and reinforces management’s confidence in continued operational progress.
Conference Call and Investor Engagement
indie Semiconductor will host a conference call with analysts and investors to discuss its fourth quarter 2025 results and business outlook at 5:00 p.m. Eastern Time. Interested participants may access the call via the Investors section of the company’s website or through domestic and international dial-in numbers provided by the company.
A replay of the conference call will be available beginning at 9:00 p.m. Eastern Time on February 19, 2026, through March 5, 2026, allowing investors and stakeholders to review management commentary and forward-looking perspectives.
About indie Semiconductor
Headquartered in Aliso Viejo, California, indie is focused on empowering the automotive revolution through next-generation semiconductors, photonics, and perception software platforms.
The company develops high-performance, energy-efficient mixed-signal system-on-chip solutions designed to support advanced driver-assistance systems and related sensing applications. Its sensor portfolio spans major modalities including radar, computer vision, LiDAR, and ultrasound.
As an approved vendor to Tier 1 automotive suppliers, indie’s solutions are deployed in marquee automotive OEM programs worldwide. The company’s strategic objective is to accelerate the proliferation of automated vehicle safety and sensing features while expanding into adjacent industrial, robotics, and emerging technology markets.
With steady revenue performance, improving non-GAAP operating metrics, expanding design wins, and entry into high-growth adjacent sectors, indie Semiconductor closes 2025 with strengthened commercial traction and a clear path toward scalable profitability.
