Automobile-focused Indie Semiconductor reported third-quarter revenue of $53.7, missing analysts’ estimates, while the net loss of 7 cents per share was wider than forecast. The company’s shares fell after hours.
CEO Donald McClymont said the company (Nasdaq: INDI) delivered “solid performance” during the three-month period.
“Our strategic backlog increased to $7.4 billion, demonstrating the strength of our design-win momentum across ADAS (advanced driver assistance system) and adjacent industrial markets including quantum and robotics,” McClymont said in a statement accompanying the earnings.
For the fourth quarter of 2025, Indie said it expects revenue to climb to between $54 million and $60 million, or $57 million at the midpoint, well above the third-quarter figure.
Indie’s shares were down 1.7% to $4.58 apiece in after-hours trading following a 2.9% drop at the close. The intraday market cap was $925 million.
