Indie SemiconductorINDI -3.77%79 Gross Margin % is 38.01% as of Mar. 2026, which is 8% below its 10-year median of 41.20. GuruFocus rates INDI with a GF Score™ of 79/100 and a GF Value™ of $4.26 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,011 Semiconductors companies, Indie Semiconductor ranks better than 67.46% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Indie Semiconductor had a gross margin of 38.01% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Indie Semiconductor Gross Margin % Related Terms
Indie Semiconductor Gross Margin % Historical Data
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The historical data trend for Indie Semiconductor's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
INDI vs CEVA, LAES, AOSL: Gross Margin % Comparison
For the Semiconductors subindustry, Indie Semiconductor's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Indie Semiconductor Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Indie Semiconductor's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Indie Semiconductor's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Indie Semiconductor (INDI) has a Gross Margin % of 38.01% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Indie Semiconductor and its competitors. This is near median its historical median of 41.20. Over the past decade, Indie Semiconductor's Gross Margin % has ranged from 38.93 to 45.40. According to the industry distribution chart, Indie Semiconductor ranks #329 out of 1011 companies in the Semiconductors industry, placing it in the top 32.5%.
Is Indie Semiconductor's Gross Margin % too high?
Indie Semiconductor's current Gross Margin % of 38.01% is near median its 10-year median of 41.20. Over the past 10 years, this metric has ranged from a low of 38.93 to a high of 45.40. The Semiconductors industry median Gross Margin % is 29.61. Indie Semiconductor's value of 38.01% is 28.4% above this industry median. Based on the distribution chart, Indie Semiconductor ranks #329 out of 1011 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Indie Semiconductor has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indie Semiconductor's Gross Margin % compare to CEVA and LAES?
According to the Semiconductors industry distribution chart, Indie Semiconductor ranks #329 out of 1011 companies for Gross Margin %. This puts Indie Semiconductor in the upper half of its industry. The industry median Gross Margin % is 29.61. Indie Semiconductor's value of 38.01% is 28.4% above this benchmark. Historically, Indie Semiconductor's own Gross Margin % has ranged from 38.93 to 45.40 over the past decade. While the company's 10-year median is 41.20 vs. the industry median of 29.61, Indie Semiconductor has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,011 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indie Semiconductor's current Gross Margin % of 38.01% is 28.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Indie Semiconductor and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indie Semiconductor's current Gross Margin % is 38.01%, which is near median its own 10-year median of 41.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indie Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, Indie Semiconductor (INDI) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.26, compared to a current price of $3.57 — trading 16.2% below its estimated fair value. The current Gross Margin % is 38.01%, which is near median its 10-year median of 41.20 and 28.4% above the Semiconductors industry median of 29.61. Indie Semiconductor's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Indie Semiconductor (INDI), the current Gross Margin % is 38.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Indie Semiconductor (INDI) Overvalued in 2026?
Based on GuruFocus' analysis, Indie Semiconductor stock appears to be undervalued.
The current stock price of $3.57 is trading 16.2% below its estimated GF Value™ of $4.26.
GuruFocus considers Indie Semiconductor to be Modestly Undervalued.
Key valuation signals for INDI:
Gross Margin %: 38.01% (near median its 10-year median of 41.20)
GF Value™: $4.26 vs. price of $3.57 (16.2% below fair value)
Industry Position: 28.4% above the Semiconductors median (#329 of 1011)
No single metric tells the full story. See the INDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indie Semiconductor Inc caters to the autotech industry with semiconductors, photonics, and software platforms. The company's products include devices for a multitude of automotive applications spanning vision and radar processors, in-cabin wireless charging and USB power delivery, device interfacing through Apple CarPlay and Android Auto, and high-speed video and data connectivity. New products under evaluation or development include LiDAR, cybersecurity-enabled microcontrollers, and sensor-fusion processors. Its Photonics division mainly offers low-noise lasers, standard, and custom light sources. Geographically, the company generates the majority of its revenue from Greater China and the rest from the United States, Europe, South Korea, and other regions.
79GF Score
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