Infineon concludes a significantly better-than-expected quarter and again raises its outlook for the current fiscal year

For the full version of this news release (incl. financial data), please download the PDF version.

• Q2 FY 2023: Revenue €4.119 billion, Segment Result €1.180 billion, Segment Result Margin 28.6 percent
• Outlook for Q3 FY 2023: Based on an assumed exchange rate of US$1.10 to the euro, revenue of around €4 billion with a Segment Result Margin of around 26 percent expected
• Outlook for FY 2023: Despite a change in the assumed exchange rate from US$1.05 to US$1.10 to the euro, the revenue forecast of €15.5 billion (plus or minus €500 million) has been raised to €16.2 billion (plus or minus €300 million). At the mid-point of the guided revenue range, an adjusted gross margin of around 47 percent (previously around 45 percent) and a Segment Result Margin of around 27 percent (previously around 25 percent) are now expected. Investments are still anticipated to amount to approximately €3.0 billion. Taking the planned investments in frontend buildings into account, Infineon now expects Free Cash Flow to be around €1.1 billion (previously €0.8 billion) and an adjusted Free Cash Flow of around €1.8 billion (previously 1.5 billion)

Neubiberg, 4 May 2023 – Today, Infineon Technologies AG is reporting results for the second quarter of its 2023 fiscal year (period ended 31 March 2023).

"Infineon is performing very well. We are seeing strong growth in our businesses relating to electromobility, renewable energy generation and energy infrastructure. These are precisely the key applications we are serving in terms of the decarbonization," says Jochen Hanebeck, CEO of Infineon. "Although an improvement in consumer goods markets such as smartphones, PCs and home appliances is not yet visible, we are nevertheless very confident overall about Infineon’s future business performance. We are therefore revising our expectations for revenue and profitability in the current fiscal year upwards, as already announced at the end of March."

For the full version of this news release (incl. financial data), please download the PDF version.

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14,2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

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