---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-017607"
form_type: "8-K"
ticker: "INDI"
cik: "0001841925"
company_name: "indie Semiconductor, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:50:12.230572+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# indie Semiconductor beats Q1 expectations: revenue $40.5M, up 84% YoY; Q2 guidance up 102% YoY

## Summary
- Revenue $40.5M, up 84% YoY and 22% sequentially, ahead of guidance and consensus.
- Non-GAAP gross margin 52.2%, up 484 bps YoY, also above analyst expectations.
- GAAP operating loss $37.0M vs $34.3M a year ago; non-GAAP operating loss $16.8M vs $16.5M.
- Q2 2023 revenue guidance up 102% YoY and 28% sequentially, implying >$200M annualized run-rate.
- Business highlights: ADAS design win at GM with Sharp Japan; design wins at BYD, Nio, Li Auto; closed acquisitions of GEO Semiconductor and Silicon Radar.

## SEC filing metadata
- accession: 0001628280-23-017607
- form_type: 8-K
- ticker: INDI
- cik: 0001841925
- company_name: indie Semiconductor, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841925/000162828023017607/0001628280-23-017607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841925/000162828023017607/indi-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-017607
- JSON: https://secwatch.observer/filing/0001628280-23-017607.json
- Plain text: https://secwatch.observer/filing/0001628280-23-017607.txt

## Key facts
- Earnings Releases
  indie Semiconductor, Inc. reported the first quarter ended March 31, 2023 results: revenue $40.5 million.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $40.5 million
  - Result: reported results
  source text: first quarter results for the period ended March 31, 2023. First quarter revenue was up 84 percent from the same period a year ago and 22 percent sequentially to a record $40.5 million, ahead of indie’s guidance and consensus estimates. Non-GAAP gross margin expanded 484 basis points year-over-year to 52.2 percent and was also better than analyst expectations.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841925/000162828023017607/0001628280-23-017607-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.