Revenue: As of FY2026 Q1, the actual value is USD 55.46 M, beating the estimate of USD 55.09 M.EPS: As of FY2026 Q1, the actual value is USD -0.21, missing the estimate of USD -0.1304.EBIT: As of FY2026 Q1, the actual value is USD -35.4 M.indie Semiconductor, Inc. operates in one reportable segment.<h4>Segment Revenue</h4><ul><li>Total Revenue: For the three months ended March 31, 2026, total revenue was $55,457, an increase of $1,380 (3%) compared to $54,077 for the same period in 2025.</li><li>Product Revenue: Increased by $1,147 (2%) to $51,567 in 2026 from $50,420 in 2025, primarily due to increased product volume, partially offset by a change in product mix.</li><li>Contract Revenue: Increased by $233 (6%) to $3,890 in 2026 from $3,657 in 2025.</li></ul><h4>Operational Metrics</h4><ul><li>Cost of Goods Sold: Increased by $2,851 (9%) to $34,379 for the three months ended March 31, 2026, from $31,528 in 2025, mainly due to a $3,500 increase in product volume sold and a $900 increase in product cost, partially offset by a -$2,200 decrease from product mix.</li><li>Research and Development Expense: Decreased by $3,587 (-9%) to $38,528 in 2026 from $42,115 in 2025, primarily due to a -$4,000 decrease in personnel and program expenses related to the 2025 Restructuring Plan, offset by an $800 increase in share-based compensation expense.</li><li>Selling, General, and Administrative Expense: Increased by $2,052 (11%) to $21,419 in 2026 from $19,367 in 2025, mainly due to a $1,700 increase in share-based compensation expense.</li><li>Loss from Operations: Remained relatively stable at -$38,869 in 2026 compared to -$38,933 in 2025.</li><li>Interest Income: Decreased by -$1,394 (-61%) to $873 in 2026 from $2,267 in 2025, attributed to a lower average cash balance.</li><li>Interest Expense: Decreased by $173 (-4%) to -$4,343 in 2026 from -$4,516 in 2025, primarily due to the addition of 2031 Notes and repurchase of 2027 Notes.</li><li>Gain (Loss) from Change in Fair Value of Contingent Considerations and Acquisition-Related Holdbacks: Swung from a gain of $4,803 in 2025 to a loss of -$1,085 in 2026, a decrease of -$5,888 (-123%).</li><li>Loss from Extinguishment of Debt: indie Semiconductor, Inc. recognized a loss of -$3,656 in 2026 due to the repurchase of 2027 Notes, with no comparable loss in 2025.</li><li>Net Loss Attributable to indie Semiconductor, Inc.: Increased to -$43,192 in 2026 from -$34,546 in 2025.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: Decreased to -$22,126 for the three months ended March 31, 2026, from -$29,001 in 2025.</li><li>Net Cash Used in Investing Activities: Increased to -$3,212 in 2026 from -$2,378 in 2025, primarily due to capital expenditures.</li><li>Net Cash Provided by (Used in) Financing Activities: Swung to $55,064 provided in 2026 from -$4,740 used in 2025, driven by $165,800 net proceeds from 2031 Notes, offset by $106,400 payments for 2027 Notes repurchase, and other payments.</li><li>Cash, Cash Equivalents, and Restricted Cash: Totaled $184,714 as of March 31, 2026, down from $246,905 as of March 31, 2025.</li></ul><h4>Unique Metrics and Strategic Summary</h4><ul><li>2025 Restructuring Plan: Completed as of December 31, 2025, this plan aimed to improve operational efficiencies, reduce operating costs, align the workforce with strategic priorities, and exit lower-margin products outside ADAS applications, involving facility consolidation, workforce reduction, and intangible asset impairment.</li><li>Wuxi Divestiture: On October 27, 2025, indie Semiconductor, Inc. agreed to sell its 34.38% equity interest in Wuxi indie Microelectronics for approximately $134,893 in cash, enabling the company to exit non-core products and reallocate capital towards higher-growth ADAS technologies. For the three months ended March 31, 2026, Wuxi accounted for 38% of indie Semiconductor, Inc.’s consolidated revenue and approximately 12% of its consolidated operating expenses.</li><li>emotion3D Acquisition: Completed on September 26, 2025, for an aggregate consideration of $17,673 in cash, $7,287 in contingent consideration, and $2,970 in holdbacks and adjustments, adding expertise in advanced perception algorithms and software for in-cabin sensing, ADAS, and automated driving.</li><li>Debt Obligations: indie Semiconductor, Inc. issued $170,500 aggregate principal amount of 4.00% Convertible Senior Notes due 2031 on March 6, 2026, and repurchased $104,000 aggregate principal amount of its 4.50% Convertible Senior Notes due 2027.</li><li>Goodwill: Decreased by -$2,965 due to the effect of exchange rates for the three months ended March 31, 2026.</li><li>Intangible Assets: Amortization of intangible assets was $8,894 for the three months ended March 31, 2026, compared to $7,775 in 2025.</li></ul><h4>Future Outlook and Strategy</h4>indie Semiconductor, Inc. expects research and development and selling, general, and administrative expenses to stabilize over time. The potential Wuxi Divestiture is anticipated to allow capital reallocation to higher-growth ADAS technologies and release the company from conditional obligations. Furthermore, indie Semiconductor, Inc. plans additional capital expenditures, including licenses for intangible assets, to support future business growth, and agreed to acquire ams-OSRAM AG’s CMOS image sensor business for 40,000 EUR (approximately $47,081) with closing expected in Q3 2026.

indie Semiconductor | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 55.46 M