Slide 1: Q2 FY26 Earnings Presentation
Q2 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: Second Quarter Business Highlights
SECOND QUARTER BUSINESS HIGHLIGHTS Secured radar design win with a leading Tier 1 supplier supporting Volvo Key Physical AI design wins at Unitree and Agibot for our sensing products Launched iND881, a next-generation Edge AI SoC for automotive and physical AI applications Captured new iND880 vision
Slide 5: Q2 FY26 Earnings Snapshot
Q2 FY26 EARNINGS SNAPSHOT Broad-based Q2 execution with accelerating growth and expanding design win momentum • Revenue of $64M, up 24% Y-o-Y, exceeding the midpoint of the guidance range • Non-GAAP Operating Loss* of $8.9M, representing continued significant progress towards profitability • Non-GAA
Slide 6: Looking Ahead to Q3 FY26
LOOKING AHEAD TO Q3 FY26 Q3 FY26 Outlook Revenue $67 - $73 million $70 million at midpoint • $40M from core indie business • $30M revenue from Wuxi Non-GAAP Operating Expenses* ~$37 million Down ~$1 million sequentially Non-GAAP Net Interest Expense* ~$3.2 million Non-GAAP Net Loss Per Share* $0.04
Slide 7: Appendix & Supplementals
Appendix & Supplementals 7
Slide 8: Q2 2026 Financial Metrics
Q2 2026 FINANCIAL METRICS GAAP RESULTS (IN THOUSANDS) Q2 2026 Q2 2025 Revenue 64,009 51,634 Cost of Goods Sold 40,923 30,693 SELECT NON-CASH ITEMS INCLUDED IN GAAP COGS (IN THOUSANDS) Q2 2026 Q2 2025 Acquisition-related expenses 110 110 Amortization of intangible assets 5,350 4,172 Share-based compe
Slide 9: Reconciliation of Preliminary Non-GAAP Measures to GAAP
RECONCILIATION OF PRELIMINARY NON-GAAP MEASURES TO GAAP Three Months Ended June 30, 2026 2025 Computation of non-GAAP operating loss: GAAP loss from operations $ (35,082) $ (42,993) Acquisition related and other non-recurring professional expenses 477 63 Amortization of intangible assets 7,799 6,532
Slide 10: Reconciliation of Preliminary Non-GAAP Measures to GAAP
RECONCILIATION OF PRELIMINARY NON-GAAP MEASURES TO GAAP Three Months Ended June 30, 2026 2025 Computation of non-GAAP net loss: Net loss $ (38,954) $ (41,618) Acquisition related and other non-recurring professional expenses 477 63 Amortization of intangible assets 7,799 6,532 Share-based compensati
Slide 11: Reconciliation of Preliminary Non-GAAP Measures to GAAP
RECONCILIATION OF PRELIMINARY NON-GAAP MEASURES TO GAAP Three Months Ended June 30, 2026 2025 Computation of Adjusted EBITDA: Net loss $ (38,954) $ (41,618) Interest income (1,217) (2,226) Interest expense 4,688 4,527 Gain (loss) from change in fair value of contingent considerations and acquisition
Slide 12: Reconciliation of Preliminary Non-GAAP Measures to GAAP
RECONCILIATION OF PRELIMINARY NON-GAAP MEASURES TO GAAP For the Three Months Ended June 30, 2026 Computation of non-GAAP share count: Weighted Average Class A common stock - Basic 212,010,301 Weighted Average Class V common stock - Basic 15,056,599 TeraXion Unexercised Options 489,820 Non-GAAP share