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indie Semiconductor (INDI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · indie Semiconductor (INDI) Q3 2026 earnings results →
Q3 2026 Revenue up 31% year over year to $70.2M · 57¢ of every $1 of revenue lost · operating margin -55.5%
indie Semiconductor made $70.2M in Q3 2026 (+31% Y/Y): Product $67.5M, Service $2.8M. Operating margin -55.5%, net loss $39.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $70.2M in Q3 2026, up 31% year over year and up 10% from the previous quarter. Product was the largest line at 96% of revenue. Product added $16.4M year over year (up 32%), 99% of the total change.
Operating costs exceeded revenue by $39.0M, an operating margin of -55.5%. Total costs grew 19% against revenue growth of 31%. The fastest-growing cost line was Cost of revenue (+49%). The quarter ended with a net loss of $39.9M, wider than the previous quarter's $39.0M loss. Minority interests bore $1.1M of it: to shareholders the quarter was a loss of $38.8M.
Operating cash flow was −$22.4M. Non-cash charges added back $23.0M of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $703K exceeded it, leaving free cash flow of −$23.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $70.2M | +31% | -55.5% | −$39.9M | −$22.4M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $64.0M | +24% | -54.8% | −$39.0M | −$28.9M |
| Q1 2026 | 10-Q | May 11, 2026 | $55.5M | +3% | -70.1% | −$47.1M | −$22.1M |
| Q4 2025 | 10-K | Feb 27, 2026 | $58.0M | 0% | -58.5% | −$31.2M | −$14.4M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $53.7M | -0.5% | -71.4% | −$40.7M | −$6.2M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $51.6M | -1% | -83.3% | −$41.6M | −$7.6M |
| Q1 2025 | 10-Q | May 12, 2025 | $54.1M | +3% | -72.0% | −$37.2M | −$29.0M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About indie Semiconductor
indie offers highly innovative automotive semiconductors and software solutions for Advanced Driver Assistance Systems (“ADAS”), driver automation, in-cabin, user experience and electrification applications. The Company focuses on edge sensors across multiple modalities spanning light detection and ranging (“LiDAR”), radar, ultrasound and computer vision. These functions represent the core underpinnings of both electric and automated vehicles, while the advanced user interfaces are transforming the in-cabin experience to mirror and seamlessly connect to the mobile platforms people rely on every day. indie is an approved vendor to Tier 1 automotive suppliers and its platforms can be found in marquee automotive manufacturers around the world.
In its own words, from its 10-K, filed Mar 3, 2025.
indie Semiconductor against its Semiconductors & Related Devices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +31% against the peers' median +40%. Operating margin: -55.5% against the peers' median 40.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| INDI indie Semiconductor | Q3 2026 | $70.2M | +31% | -55.5% |
| NVDA NVIDIA | Q2 FY27 | $96.2B | +106% | 66.2% |
| MU Micron Technology | Q4 FY26 | $54.2B | +379% | 80.7% |
| AVGO Broadcom | Q3 FY26 | $29.6B | +86% | 53.9% |
| INTC Intel | Q3 2026 | $16.5B | +21% | 15.3% |
| AMD Advanced Micro Devices | Q3 2026 | $13.4B | +45% | 21.2% |
| AMAT Applied Materials | Q3 FY26 | $9.1B | +25% | 33.7% |
| TXN Texas Instruments | Q3 2026 | $6.1B | +28% | 47.5% |
| ADI Analog Devices | Q3 FY26 | $4.0B | +40% | 40.1% |
Source: indie Semiconductor 10-Q on SEC EDGAR · CIK 1841925 · Semiconductors & Related Devices
Guidance and outlook
13F: who owns INDI and who is buying
More on INDI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results