Indie Semiconductor Inc (NASDAQ:INDI) is among the best lidar stocks to buy according to analysts. This lidar semiconductor stock is up around 30% in the past month and has soared more than 95% over the past 12 months.
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Indie Semiconductor Inc (NASDAQ:INDI) is scheduled to report its Q1 2026 results on May 7. Internal projections call for revenue between $52 million and $58 million, with a midpoint of $55 million.
For this Q1, Indie anticipates a 20% sequential revenue growth in its core business. That puts the revenue figure in the main business at $34 million at the midpoint. On the other hand, the company anticipates a revenue decline in its Wuxi indie Micro subsidiary to $21 million in Q1.
For context, Indie announced on October 28, 2025, that it was selling its stake in Wuxi Indie Micro. Based in China, Wuxi Indie Micro is a leading provider of mixed-signal chips to the automotive industry.
Indie has an equity stake of around 34.4% in Wuxi Indie Micro. It wants to sell that entire stake for around $135 million in cash. A company named United Faith Auto-Engineering agreed to purchase Indie’s stake in Wuxi Indie Micro. The transaction is expected to close in late 2026, subject to regulatory approvals.
While Indie has decided to sell its stake in Wuxi Indie Micro, the company is not exiting the Chinese market. Mark Tyndall, Indie’s executive vice president of corporate development, said their China operation is supported by a strong and well-established sales channel.
Meanwhile, Indie continues to expand its product portfolio. On March 23, the company announced the launch of its first ultraviolet laser diode for quantum computing systems. With this laser device, Indie targets the market of quantum computers based on cold-atom. These systems require multiple lasers to support functions like cooling, trapping, and entanglement.
Indie Semiconductor Inc (NASDAQ:INDI) provides specialized automotive chips and software to a global customer base. It also develops lidar solutions with broad applications. Indie’s technology powers autonomous vehicles, advanced driver assistance systems, connected cars, and more.
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