Filing Flows › indie Semiconductor (INDI) › Q1 2026
indie Semiconductor (INDI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
indie Semiconductor (INDI) reported revenue of $55.5M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -4% from the quarter before. Operating margin was -70.1%, net loss $47.1M (85.0% of revenue).
indie Semiconductor, Q1 2026: revenue $55.5M (+3% year over year), operating margin -70.1%, net loss $47.1M, operating cash flow −$22.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.5M | -4% | +3% |
| Operating profit | −$38.9M | — | — |
| Net earnings | −$47.1M | — | — |
| Operating cash flow | −$22.1M | — | — |
What changed
Revenue was $55.5M in Q1 2026, up 3% year over year and down 4% from the previous quarter. Product was the largest line at 93% of revenue. Product added $1.1M year over year (up 2%), 83% of the total change.
Operating costs exceeded revenue by $38.9M, an operating margin of -70.1%. Total costs grew 1% against revenue growth of 3%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $47.1M, wider than the previous quarter's $31.2M loss. Minority interests bore $3.9M of it: to shareholders the quarter was a loss of $43.2M.
Operating cash flow was −$22.1M. Non-cash charges added back $19.7M of share-based compensation. Working capital and other items added $5.3M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$25.3M.
Questions
What was indie Semiconductor's revenue in the first quarter 2026?
indie Semiconductor (INDI) reported revenue of $55.5M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -4% from the quarter before.
Was indie Semiconductor profitable in the first quarter 2026?
Operating loss was $38.9M (-70.1% of revenue) and net loss $47.1M.