Indie Semiconductor reported first-quarter revenue of $55.5 million, in line with analysts’ expectations, while the adjusted loss per share of 6 cents was narrower than analysts’ estimates of 7 cents (Nasdaq: INDI)
“Indie delivered a solid first quarter, with revenue exceeding the midpoint of our guidance, up 3 percent year over year,” Donald McClymont, the company’s co-founder and chief executive officer, said in an earnings statement today.  “Notably, we have received a production order of $25 million from our Tier 1 radar partner, driven by demand from two automotive OEMs (original equipment manufacturers) and marking a significant commercial milestone.”
For the second quarter of 2026, Aliso Viejo-based Indie said it expects revenue to be between $59 million and $65, compared to $51.6 million in the same period in 2025.
The company’s shares tumbled 8.7% in after-hours trading to $4.49 apiece as news of  renewed U.S. attacks on Iran swept the markets.
