indie Semiconductor Stock Jumps 34% as Q3 Revenue Rises 31% and Q4 Outlook Points to Growth

Shares of indie Semiconductor (Nasdaq: INDI) rose 33.6% on Friday, closing at $1.81 from a previous close of $1.35, on volume of 2.8 times the usual level. The S&P 500 ETF (SPY) rose 0.31% that session.

The move followed an 8-K filed the previous afternoon, Nov. 5, that attached a press release on the company's third-quarter 2026 results. Revenue for the quarter was $70.2 million, up 31% from a year earlier and ahead of the company's outlook. Core business revenue rose 14% sequentially to $40.7 million.

Q4 guidance points to growth

indie expects fourth-quarter 2026 revenue of $73 million to $81 million. At the midpoint, the company anticipates about 33% year-over-year growth, with roughly $47 million from the core business and $30 million from Wuxi indie Micro.

Losses narrowed on a non-GAAP basis

GAAP operating loss for the quarter was $39.0 million, compared with $38.3 million a year earlier, a slightly wider loss. Non-GAAP operating loss was $7.2 million, compared with $11.3 million a year earlier, a narrower loss. Non-GAAP loss per share was $0.05, while GAAP loss per share was $0.18.

Radar win and design wins

The company said its radar chipset, in high-volume production, had been selected by one of the top three North American OEMs, and that it had secured more than 40 vision design wins so far in 2026, including Physical AI applications such as humanoid robots and drones.

The filing does not single out one item as the reason for the share-price move on the day.