FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Washington, D.C. 20549 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission file number 001-40481 INDIE SEMICONDUCTOR, INC. (Exact name of registrant as specified in its charter ...

UBS Price Target: UBS has set a price target of $4.25 for NASDAQ:INDI, indicating a potential upside of 17.08%.Quarterly Financials: Despite a quarterly loss of $0.07 per share, Indie Semiconductor reported $58 million in revenue, surpassing estimates.Market Activity: With a market capitalization of approximately $735.48 million and a trading volume of 9,709,871 shares, INDI shows significant investor interest.Indie Semiconductor, Inc. (NASDAQ:INDI) is a key player in the electronics and semiconductors indu ...

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Core Insights - The automotive market is undergoing a significant transformation as advanced driver-assistance systems (ADAS) and automated driving features transition from optional to standardized offerings, driven by consumer expectations and technological advancements [2][5] Financial Performance - indie Semiconductor reported Q4 2025 revenue of $58 million, exceeding the midpoint of its guidance by $1 million and reflecting an 8% sequential increase, with full-year revenue reaching $217.4 million [3][5] - The company recorded a non-GAAP operating loss of $10.1 million for Q4, an improvement from previous quarters, and ended the quarter with $155.7 million in cash [5][14] Market Developments - The company is seeing early adoption of its solutions in humanoid robotics, with deployments by Figure AI and Unitree, indicating a shift from laboratory applications to real-world use [1][4] - indie's Gen-8 77 GHz radar is gaining traction with global OEMs, with potential demand exceeding 50 million units annually as ADAS features become standardized [6][7] Product Innovations - indie has secured new design wins for its IND880 vision SoC and AI-based edge processors, which are expected to begin production in late 2026 [8] - The company is also advancing its Qi 2.0 wireless charging platform in collaboration with Ford, with production on track for H1 2026 [12] Supply Chain and Operational Challenges - The semiconductor industry is facing supply chain constraints, particularly in package substrate availability, which is expected to persist through 2026 [13][21] - indie is actively managing these constraints by qualifying second-source vendors and expanding production capabilities [21] Future Outlook - For Q1 2026, indie projects revenue between $52 million and $58 million, with expectations of a 20% sequential growth in core business revenue [17] - The company anticipates a significant increase in quantum sensing revenue, projecting it to triple in 2026 compared to 2025 [22]

分组1 - indie Semiconductor, Inc. reported a quarterly loss of $0.07 per share, consistent with the Zacks Consensus Estimate, and the same loss as the previous year [1] - The company's revenues for the quarter ended December 2025 were $58.01 million, exceeding the Zacks Consensus Estimate by 1.77%, with no year-over-year change [2] - The stock has increased approximately 4.8% since the beginning of the year, outperforming the S&P 500, which gained 0.5% [3] 分组2 - The earnings outlook for indie Semiconductor is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes [4] - The estimate revisions trend for indie Semiconductor was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] - The current consensus EPS estimate for the next quarter is -$0.04 on revenues of $60.4 million, and -$0.06 on revenues of $280 million for the current fiscal year [7] 分组3 - The Electronics - Semiconductors industry, to which indie Semiconductor belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook [8] - Another company in the same industry, Valens Semiconductor, is expected to report a quarterly loss of $0.03 per share, reflecting a year-over-year change of -50%, with revenues projected at $18.6 million, an increase of 11.6% from the previous year [9][10]

Financial Data and Key Metrics Changes - The company reported Q4 revenue of $58 million, exceeding the midpoint of the outlook by $1 million, representing an 8% sequential growth and flat compared to the prior year period [5][15] - Full year revenue reached $217.4 million, with non-GAAP operating loss of $10.1 million, improving from $11.3 million in the previous quarter and $14.2 million a year ago [15] - The company exited the quarter with total cash and cash equivalents of $155.7 million, a decrease of $15.5 million from the third quarter [16] Business Line Data and Key Metrics Changes - The radar business is gaining traction with a Tier 1 partner, with initial shipments starting in December and expected demand exceeding 50 million units annually [9][10] - The vision portfolio is seeing momentum with design wins for image signal processor SoCs, including the IND880, and new opportunities arising from DRAM-less architecture [10][11] - The company secured a design win with a leading electric vehicle manufacturer in China for a camera mirror system, expected to ramp in mid-2026 [11] Market Data and Key Metrics Changes - The automotive industry is transitioning towards standardization of ADAS features, creating significant opportunities for the company [5][6] - The humanoid robotics market is moving from research to real-life applications, with the company actively pursuing opportunities in this space [6][7] - The company is also gaining traction in the quantum communications and sensing markets, with significant bookings for LXM lasers [12] Company Strategy and Development Direction - The company aims to leverage technology investments to capitalize on the mass-market ADAS segments and expand into humanoid robotics [6][8] - The strategy includes expanding production capabilities and securing additional back-end and test capacity to meet growing demand [9] - The company is focused on managing operating expenses while preparing for strong growth through design wins in 2026 [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the automotive market's transformation and the company's positioning to meet emerging needs [5][20] - The company anticipates a decline in first-quarter revenue from Wuxi due to reduced EV subsidies and expects core business revenue to grow by 20% sequentially [18] - Management acknowledged ongoing supply chain constraints but is confident in their ability to manage through 2026 [36][37] Other Important Information - The company is in the process of selling its equity interest in Wuxi Indie Micro for approximately $135 million, with the transaction expected to close by late 2026 [17] - The Qi 2.0 wireless charging platform production with Ford is on track for the first half of 2026, with additional OEM adoption expected [12][13] Q&A Session Summary Question: What was the Wuxi revenue for Q4? - The revenue was around $29.7 million [23] Question: What are the reasons for the sequential decline in revenue? - The decline is primarily due to the upcoming Chinese New Year shutdown and reduced EV subsidies [24] Question: What is expected for the ramp in Q2? - A recovery is expected in Q2, despite the ongoing sale of the business [25] Question: Can you provide updates on radar program ramp expectations? - Significant progress has been made, with strong traction among OEMs and discussions on next-generation products [26] Question: What impact do supply chain constraints have in Q1? - There was a trailing impact into Q1, with some demand still uncertain based on supply [27] Question: Any updates on design wins and traction for core business? - The company is performing well across all regions, with exposure to OEMs in Europe, Asia, and India [33] Question: What is the size of the opportunity in robotics and quantum space? - The robotics market is showing significant activity, while quantum applications are expected to triple in revenue through 2026 [35] Question: What is the timeline for resolving supply chain constraints? - The tightness is driven by AI demand, with improvements expected in 2027 [36][37] Question: What are the expected radar revenues for 2026? - Radar revenue is expected to remain in the $30 million-$50 million range, with strong momentum from newer OEMs [40] Question: What percentage of core business remains in China? - Approximately 20% of the core business remains in China [42]

Financial Data and Key Metrics Changes - The company reported Q4 revenue of $58 million, exceeding the midpoint of the outlook by $1 million, representing an 8% sequential growth and flat compared to the prior year period [5][15] - Full year revenue reached $217.4 million, with non-GAAP operating loss of $10.1 million, an improvement from $11.3 million in the previous quarter and $14.2 million a year ago [15] - The company exited the quarter with total cash and cash equivalents of $155.7 million, a decrease of $15.5 million from the third quarter [16] Business Line Data and Key Metrics Changes - The radar business is gaining traction with a Tier 1 partner, with initial shipments starting in December and expected demand exceeding 50 million units annually [9][10] - The vision portfolio is seeing momentum with design wins for image signal processor SoCs, including the IND880, and new design wins in e-mirror and camera mirror systems [10][11] - The company secured a design win with a leading electric vehicle manufacturer in China for a camera mirror system, expected to ramp in mid-2026 [11] Market Data and Key Metrics Changes - The automotive industry is transitioning towards standardization of ADAS features, creating opportunities for the company to leverage its technology investments [5][6] - The humanoid robotics market is transitioning from research to real-life applications, presenting new opportunities for the company [6][7] - The company is also gaining traction in the quantum communications and sensing market, with significant bookings for LXM lasers [12] Company Strategy and Development Direction - The company aims to capitalize on the structural transformation in the automotive market by focusing on software-defined intelligence and scalable sensor technology [5][6] - Plans to expand activities in humanoid robotics and enhance radar and vision technologies to maintain competitive advantages [8][10] - The company is actively managing supply chain constraints and expanding production capabilities to meet growing demand [9][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, expecting revenue from core business to grow by 20% sequentially in Q1 2026, despite a decline in revenue from Wuxi due to reduced EV subsidies [18][19] - The company anticipates a steady ramp in radar revenue through 2026 and beyond, with increasing visibility on design wins and OEM traction [20][41] - Management acknowledged ongoing supply chain constraints but is confident in their ability to manage through 2026 [37][38] Other Important Information - The company is in the process of selling its equity interest in Wuxi Indie Micro for approximately $135 million, with the transaction expected to close by late 2026 [17] - Non-GAAP operating expenses for Q1 2026 are expected to be $37 million, relatively flat compared to Q4 2025 [18] Q&A Session Summary Question: What was the Wuxi revenue for Q4? - The revenue was around $29.7 million [23] Question: What are the reasons for the sequential decline in revenue? - The decline is primarily due to the upcoming Chinese New Year shutdown and reduced EV subsidies [24] Question: What is expected for the ramp in Q2? - A recovery is expected in Q2, although the business is in the process of being sold [25] Question: Can you provide an update on radar program ramp? - The company has made significant progress and expects strong traction with OEMs [26] Question: What impact do supply chain constraints have in Q1? - There was a trailing impact into Q1, with some demand still questionable due to supply issues [27] Question: Any updates on design wins and traction for core business? - The company is performing well across all regions, with exposure to OEMs in Europe, Asia, and India [33] Question: What is the size of the opportunity in robotics and quantum space? - The robotics market is expected to grow significantly, while quantum traction is also increasing, with a projected tripling of optical product shipments [35][36] Question: What is the timeline for resolving supply chain constraints? - The tightness is driven by AI demand, and while improvements are being made, full resolution may not occur until 2027 [37][38] Question: What are the expected radar revenues for 2026? - Radar revenue is expected to remain in the $30 million-$50 million range, with strong momentum from newer OEMs [41]

indie Semiconductor (NasdaqCM:INDI) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Speaker6Good afternoon, and welcome to indie Semiconductor's fourth quarter 2025 earnings call. Currently, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference call is being recorded. I will now turn the call over to Ashish Gupta, Investor Relations. Mr. Gupta, please go ahead.Speaker1Thank you, operator. Good afternoon, and welcome ...

Q4 FY25 EARNINGS PRESENTATION 1 DISCLAIMER Forward-Looking Statements Industry and Market Data In this presentation, we rely on and refer to information and statistics regarding the sectors in which we compete and other industry data. We obtained this information and statistics from third-party sources, including reports by market research firms. Although we believe these sources are reliable, they have not independently verified the information and we do not guarantee their accuracy and completeness. We ha ...

Exhibit 99.1 indie's Q4 2025 Conference Call indie Semiconductor will host a conference call with analysts to discuss its fourth quarter 2025 results and business outlook today at 5:00 p.m. Eastern time. To listen to the conference call via the Internet, please go to the Financials tab on the Investors page of indie's website. To listen to the conference call via telephone, please call (877) 451-6152 (domestic) or (201) 389-0879 (international), Conference ID: 13757408. A replay of the conference call will ...