indie Semiconductor, Inc. (INDI) AI Stock Analysis

Founded in 2007 and headquartered in Aliso Viejo, California, indie Semiconductor, Inc. develops automotive semiconductors and software solutions. Its products support advanced driver assistance systems, connected cars, user experience enhancements, and electrification applications. The company's portfolio features ultrasound technology for parking assistance, in-cabin wireless charging, advanced infotainment integrated with LED lighting, telematics, and cloud access capabilities. indie Semiconductor also develops photonics technologies, such as fiber Bragg gratings, low-noise lasers, and photonic integration, catering to laser systems, optical sensing, and optical communication markets.

indie Semiconductor grew revenue from $48.4M in FY2021 to $223.2M in FY2023, before revenue fell 2.9% to $216.7M in FY2024 and rose 0.3% to $217.4M in FY2025. Across FY2020 to FY2025, revenue posted a 5-year CAGR of 57.2%. Net losses widened from -$43.4M in FY2022 to -$144.0M in FY2025, with FY2025 operating margin at -66.3% and gross margin at 40.3%. For the latest quarter ended June 30, 2026, quarterly revenue increased 24.0% year-over-year, bringing trailing twelve-month revenue to $231.1M with an operating margin of -54.8% and net income yielding an eps of -$0.66.

As of June 30, 2026, the company held $139.0M in cash and short-term investments against total debt of $431.3M, resulting in net debt of $292.3M. Total assets stood at $841.5M and shareholders' equity was $294.7M, reflecting a debt-to-equity ratio of 1.46 and a current ratio of 3.65. Operating cash flow was -$57.1M in FY2025, and free cash flow was -$71.4M after capital expenditures of $14.3M. Over five years, the company's share count increased 88.8%.

At a market capitalization of $421.9M and enterprise value of $1.01B, the stock trades at a price-to-sales multiple of 1.8x, lower than the 2.8x median of its US-listed Technology peers. Its forward P/E ratio is 128.2x, compared to the peer median of 18.8x. Over the past year, the shares fell 67.0%, while the S&P 500 rose 16.8%. Over a 5-year period, the stock declined 83.6% against an 83.0% gain for the S&P 500.

Wall Street coverage consists of 5 Strong Buy, 1 Buy, and 2 Hold ratings. The mean price target is $5.72, representing 214.2% upside from the last close of $1.82. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $266.6M and an eps of -$0.17. For the next fiscal year, 4 analysts estimate revenue of $355.1M and positive eps of $0.08. The company has beaten eps estimates in 2 of the last 4 quarters, with its next earnings report scheduled for November 5, 2026.

This page is an AI-written research summary of indie Semiconductor, Inc. (INDI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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