Strong performance by Infineon in the June quarter. Outlook for the 2023 fiscal year confirmed
For the full version of this news release (incl. financial data), please download the PDF version.
- Q3 FY 2023: Revenue €4.089 billion, Segment Result €1.067 billion, Segment Result Margin 26.1 percent
- Outlook for Q4 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 25 percent expected
- Outlook for FY 2023: Based on an assumed exchange rate of US$1.10 to the euro, Infineon continues to anticipate revenue to be at around €16.2 billion with an adjusted gross margin of about 47 percent and a Segment Result Margin of about 27 percent. Investments are expected to amount to approximately €3.0 billion. Taking the planned investments in frontend buildings into account, Free Cash Flow is now expected to be around €1.2 billion (previously €1.1 billion) and adjusted Free Cash Flow now around €1.7 billion (previously €1.8 billion)
Neubiberg, 3 August 2023 – Today, Infineon Technologies AG is reporting results for the third quarter of its 2023 fiscal year (period ended 30 June 2023).
We have strongly performed in the past quarter, while Semiconductor market trends continue to present a mixed picture with both light and shade," says Jochen Hanebeck, CEO of Infineon. "On the one hand, in electromobility, renewable energy and related application areas, demand has stayed high. On the other hand, demand for consumer applications, such as PCs and smartphones remains low. Infineon is performing well in this challenging market environment thanks to its persistent focus on structural growth drivers for the digital transformation and the transition to a green economy. This is why we take a forward-looking long-term approach and are investing in additional manufacturing capacity."
For the full version of this news release (incl. financial data), please download the PDF version.
About Infineon
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).
Information Number
INFXX202308-141
