indie Semiconductor (INDI) investor relations material

Executive summary

• Q1 2026 revenue reached $55.5 million, up 3% year-over-year and above guidance midpoint.

• Secured a $25 million production order for Gen8 radar technology, supporting two major OEMs.

• Vision processor iND880 entered production with NIO and is gaining global traction due to DRAM-less architecture.

• Launched new products, including a UV DFB laser for quantum systems and leveraged LiDAR SoC for robotics.

• Photonics and LIDAR portfolios are expanding into quantum computing and embodied AI markets.

Financial highlights

• Q1 revenue: $55.5 million, up 3% year-over-year and above guidance midpoint.

• Core business revenue: $34.1 million, up over 20% sequentially.

• Non-GAAP operating loss: $11.1 million, improved from $15.1 million in Q1 2025.

• Net loss: $13.9 million; loss per share: $0.06 on 223 million shares.

• Cash and equivalents: $184.7 million, up $29 million from Q4 2025.

Outlook and guidance

• Q2 2026 revenue expected between $59 million and $65 million; midpoint $62 million.

• Core business Q2 revenue guidance: $37 million at midpoint, up 8% sequentially and 20% year-over-year.

• Non-GAAP operating expenses for Q2 expected at $38 million.

• Net loss per share expected to improve to $0.05 on 227 million shares.