Financial PerformanceIndie Semiconductor posted Q3 revenue and loss per share results slightly ahead of the consensus, with an improved macro view and clarity of near-term orders.
Industry PositionIndie Semiconductor is well positioned as the only pure-play chip provider to the recovery of the automotive sector with strong leverage to EVs and ADAS, and solid exposure to China.
Order BacklogThe company's backlog currently supports expected revenue in excess of $700 million by FY28, indicating strong future growth potential.