indie Semiconductor (INDI) Gross Margin (2020 - 2026)
indie Semiconductor (INDI) posted Gross Margin of 31.84% for Q3 2026, down 8.22 percentage points from 40.06% a year earlier and down 4.22 percentage points from the prior quarter.
Powered by 
Analysis
indie Semiconductor (INDI) Gross Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at indie Semiconductor was 35.59%, down 5.66 percentage points year-over-year; for FY2025, it came in at 39.85%, down 1.83 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -2.47 percentage points (FY2020 to FY2025).
- In prior years, indie Semiconductor's Gross Margin was 41.68% in FY2024 (+1.55 pp), 40.13% in FY2023 (-5.27 pp), 45.40% in FY2022 (+4.69 pp) and 40.71% in FY2021 (-1.61 pp).
- The Q3 2026 figure stands as the lowest quarterly Gross Margin in data going back to Q2 2020.
- On a year-over-year basis, Gross Margin has declined in each of the last four quarters, with an average year-over-year change of -2.58 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2022, with a gain of 12.31 percentage points; the weakest was Q4 2023, with a drop of 11.32 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 36.07% (Q2 2026), 38.01% (Q1 2026) and 37.30% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SK hynix | 24,980.27 Bn | 24,964.04 Bn | 43.99 Bn | 83.20% |
| 2 | Taiwan Semiconductor Manufacturing | 10,337.48 Bn | 9,919.73 Bn | 31.04 Bn | 66.41% |
| 3 | Nvidia | 3,939.34 Bn | 3,713.50 Bn | 72.14 Bn | 74.98% |
| 4 | Broadcom | 1,653.85 Bn | 1,579.89 Bn | 20.46 Bn | 69.13% |
| 5 | Micron Technology | 880.27 Bn | 785.91 Bn | 47.05 Bn | 86.76% |
| 6 | Advanced Micro Devices | 875.86 Bn | 824.07 Bn | 7.21 Bn | 53.90% |
| 7 | Asml Holding | 576.26 Bn | 531.95 Bn | 5.90 Bn | 52.15% |
| 8 | Intel | 316.79 Bn | 179.50 Bn | 7.10 Bn | 42.97% |
| 9 | Applied Materials | 294.03 Bn | 294.03 Bn | 5.25 Bn | - |
| 10 | indie Semiconductor | 482.67 Mn | -79.95 Mn | 22.37 Mn | 31.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.84% |
| Jun 30, 2026 | 36.07% |
| Mar 31, 2026 | 38.01% |
| Dec 31, 2025 | 37.30% |
| Sep 30, 2025 | 40.06% |
| Jun 30, 2025 | 40.56% |
| Mar 31, 2025 | 41.70% |
| Dec 31, 2024 | 42.57% |
| Sep 30, 2024 | 39.35% |
| Jun 30, 2024 | 42.24% |
| Mar 31, 2024 | 42.53% |
| Dec 31, 2023 | 39.78% |
| Sep 30, 2023 | 41.82% |
| Jun 30, 2023 | 38.35% |
| Mar 31, 2023 | 40.53% |
| Dec 31, 2022 | 51.10% |
| Sep 30, 2022 | 50.13% |
| Jun 30, 2022 | 41.07% |
| Mar 31, 2022 | 35.49% |
| Dec 31, 2021 | 38.79% |
API Access
indie Semiconductor Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=INDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "INDI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=INDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();