indie Semiconductor stock falls on weak guidance

Published 20/02/2025, 23:12
indie Semiconductor stock falls on weak guidance

ALISO VIEJO, Calif. - indie Semiconductor, Inc. (NASDAQ:INDI) reported in-line fourth quarter earnings and revenue but issued disappointing guidance, sending shares down 4.9% in after-hours trading.

The automotive solutions innovator posted Q4 non-GAAP earnings per share of -$0.07, matching analyst estimates. Revenue came in at $58 million, slightly below the consensus of $58.04 million but up 7.5% sequentially.

However, indie’s outlook for the first quarter fell short of expectations. The company forecasts Q1 2025 revenue between $52.5 million and $57.5 million, below the $61.3 million analysts were projecting. At the midpoint of $55 million, this guidance represents a 5.2% sequential decline but a 5.1% YoY increase.

CEO Donald McClymont cited a "challenging market backdrop" but emphasized the company’s "resilient business performance" in Q4. He stated, "This technology leadership position will also ensure that we drive growth throughout 2025 and beyond."

indie reported a Q4 non-GAAP gross margin of 50.4%, flat compared to the previous quarter. For Q1, the company expects non-GAAP gross margin between 49% and 50%.

The company highlighted several business achievements, including being on track for initial volume shipments of flagship ADAS programs in the second half of 2025 and securing new design wins for its vision processor with multiple OEMs.

Despite the weaker-than-expected guidance, indie remains optimistic about its prospects, citing strong design win momentum and key program status throughout 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.