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Mar 31
indie Semiconductor Q1 2025 Earnings Report
indie Semiconductor posted modest revenue growth while narrowing its operating losses and reaffirming its path to profitability with new design wins.
Key Takeaways
indie Semiconductor achieved 3.3% YoY revenue growth in Q1 2025 with $54.1M in sales, reduced both GAAP and non-GAAP losses, and initiated a restructuring plan to cut costs by up to $40M annually.
Revenue rose 3.3% YoY to $54.1M despite global macro headwinds
Reported GAAP net loss of $34.5M and EPS of -$0.18
Non-GAAP net loss improved to $17.3M with EPS of -$0.08
Launched cost-cutting initiative targeting $40M in annualized savings
indie Semiconductor
indie Semiconductor
indie Semiconductor Revenue by Segment
indie Semiconductor Revenue by Geographic Location
Revenue by Segment
Product Revenue
CapyFin.comContract Revenue
CapyFin.comRevenue by Geographic Location
Global Revenue
CapyFin.com Forward Guidance
indie Semiconductor expects Q2 2025 revenue between $50M and $53M, with a focus on margin improvement and execution of cost-saving measures.
Positive Outlook
- Guides Q2 revenue midpoint at $51.5M
- Strong ADAS design-win momentum including Bosch and Valeo
- Multiple new product ramps expected in 2025
- Cost-reduction initiative to save up to $40M annually
- Continued growth in vision processor and in-cabin monitoring segments
Challenges Ahead
- Gross margin declined slightly YoY to 49.5%
- Non-GAAP net loss remained elevated at $17.3M
- Macroeconomic headwinds and tariff uncertainties persist
- Production ramp delays due to global market conditions
- Operating expenses still high despite restructuring efforts
Revenue & Expenses
Visualization of income flow from segment revenue to net income