Indie Semiconductor reports Q3 adjusted EPS (7c), consensus (6c)

Reports Q3 revenue $53.7B, consensus $53.98B. “indie delivered solid performance in Q3 while executing important strategic initiatives,” said Donald McClymont, indie’s co-founder and chief executive officer. “Our strategic backlog increased to $7.4 billion, demonstrating the strength of our design-win momentum across ADAS and adjacent industrial markets including quantum and robotics. Additionally, the recent Gen8 radar product launch incorporating indie’s radar chipset by our Tier 1 partner represents a momentous milestone for us.”