indie Semiconductor Sees Q3 Revenue To Increase 0%-5%, or 2.5% At The Midpoint.
Portfolio Pulse from Benzinga Newsdesk
indie Semiconductor (INDI) expects Q3 2024 revenue to increase by 0%-5%, with a midpoint of 2.5%. The company also anticipates gross margins of approximately 50% and projects a return to industry-leading growth in 2025 and beyond due to its Radar and Vision programs.
August 08, 2024 | 8:54 pm
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indie Semiconductor (INDI) expects Q3 2024 revenue to grow by 0%-5%, with a midpoint of 2.5%, and gross margins around 50%. The company anticipates a return to industry-leading growth in 2025 due to its Radar and Vision programs.
The projected revenue growth and strong gross margins for Q3 2024 are positive indicators for indie Semiconductor. Additionally, the company's anticipation of a return to industry-leading growth in 2025 due to its Radar and Vision programs suggests a strong future outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100