Indi semiconductor is an automotive focused semiconductor company. I’ve bought and sold Indi a few times mostly for profit but have been impressed with their leaderships vision and consistency in their financial estimates delivering. I work in the semiconductor industry so I was originally drawn to them knowing that automotive semi margins are pretty good. They reported earnings last week and their predictions for the last 2 years are coming to fruition. They will be profitable in the next two quarters and I’ve started to layer in but was curious on all of your thoughts. My thought is that next quarter when they meet or exceed expectations and then have profitability at their fingertips ie continue to guide for profitability next quarter that the stock will start to run based on the consistency of their estimates. The main highlights from this quarter are;
Delivers Q2 Revenue of $52.1M, up 102% YoY and 29% Sequentially
Expands Non-GAAP Gross Margin 363 Basis Points YoY to 52.2%
Secures Large Program Win at Bosch
Guides Q3 2023 Revenue up 100% YoY and 15% Sequentially to a $240M Annualized Run-rate
Reiterates Plan to Reach Non-GAAP Operating Income in Q4 and More Than Double Revenue in 2023
So what do you all think. Hoping for some healthy debate on this one.
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