Indie Semiconductor, Inc. · NASDAQ:INDI
Indie Semiconductor — Q1 2026 Earnings Presentation
11 slides from Indie Semiconductor's earnings presentation, May 7, 2026
Slide 1: Q1 FY26 Earnings Presentation
Q1 FY26 EARNINGS PRESENTATION 1
Slide 2: Disclaimer: Forward-Looking Statements
DISCLAIMER Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “future,” “
Slide 3: Disclaimer: Use of GAAP, Non-GAAP and Other Financial Measures
DISCLAIMER Use of GAAP, Non-GAAP and Other Financial Measures This presentation contains certain financial measures that have not been calculated in accordance with United States Generally Accepted Accounting Principles (“GAAP”), including non-GAAP operating expenses, non-GAAP operating income, and
Slide 4: First Quarter Business Highlights
FIRST QUARTER BUSINESS HIGHLIGHTS Received $25M production order for radar chipset from Tier 1 partner driven by two OEM customers Commenced volume shipments of vision processor to NIO for eMirror camera deployment Ramped production of iND880 for camera mirror system with largest Chinese OEM Launche
Slide 5: Q1 FY26 Earnings Snapshot
Q1 FY26 EARNINGS SNAPSHOT Solid first quarter execution with radar and vision programs firmly on track and continued progress toward profitability • Revenue of $55.5M, exceeding the midpoint of outlook by $0.5M • Non-GAAP Operating loss* of $11.1M, representing continued progress towards profitabili
Slide 6: Looking Ahead to Q2 FY26
LOOKING AHEAD TO Q2 FY26 Q2 FY26 Outlook Revenue $59 - $65 million $62 million at midpoint • $37M from core indie business • $25M revenue from Wuxi Non-GAAP Operating Expenses* ~$38 million Flat sequentially Non-GAAP Net Interest Expense* ~$3.1 million Including no tax expenses Non-GAAP Net Loss Per
Slide 7: Appendix & Supplementals
Appendix & Supplementals 7
Slide 8: Q1 2026 Financial Metrics
Q1 2026 FINANCIAL METRICS GAAP RESULTS (IN THOUSANDS) Q1 2026 Q1 2025 Revenue 51,567 54,420 Cost of Goods Sold 34,379 31,528 SELECT NON-CASH ITEMS INCLUDED IN GAAP COGS (IN THOUSANDS) Q1 2026 Q1 2025 Acquisition-related expenses (110) (110) Amortization of intangible assets (4,586) (3,839) Share-bas
Slide 9: Reconciliation of Preliminary Non-GAAP Measures to GAAP
RECONCILIATION OF PRELIMINARY NON-GAAP MEASURES TO GAAP Three Months Ended March 31, 2026 2025 Computation of non-GAAP net loss: Net loss $ (47,122) $ (37,171) Acquisition related and other non-recurring professional expenses 133 160 Amortization of intangible assets 7,100 5,970 Share-based compensa
Slide 10: Reconciliation of Preliminary Non-GAAP Measures to GAAP
RECONCILIATION OF PRELIMINARY NON-GAAP MEASURES TO GAAP Three Months Ended March 31, 2026 2025 Computation of Adjusted EBITDA: Net loss $ (47,122) $ (37,171) Interest income (873) (2,267) Interest expense 4,343 4,516 Gain (loss) from change in fair value of contingent considerations and acquisition-
Slide 11: Reconciliation of Preliminary Non-GAAP Measures to GAAP
RECONCILIATION OF PRELIMINARY NON-GAAP MEASURES TO GAAP For the Three Months Ended March 31, 2026 Computation of non-GAAP share count: Weighted Average Class A common stock - Basic 207,026,562 Weighted Average Class V common stock - Basic 16,450,070 TeraXion Unexercised Options 500,890 Non-GAAP shar