indie Semiconductor came into this print as a high growth auto chip story with a bruised share price, down over the past month and quarter. The stock just ripped 17.8% higher to US$4.04 in a single session. The headline is simple: Revenue reached US$64.0m in the quarter and the loss narrowed, yet the company still reported a meaningful net loss of US$37.1m. The market is cheering the direction of travel, while the income statement still reminds you this is a work in progress.

Is indie Semiconductor now a genuine valuation discount after this 17.8% move, or still priced for a lot to go right? Compare the current P/S and growth profile against peers on our valuation analysis for indie Semiconductor.

Q2 2026 Earnings Summary

• Revenue Q2…