Infineon Technologies AG

08/03/2022 | Press release | Distributed by Public on 08/02/2022 23:31

Successful third quarter; strong revenue growth especially in the Automotive segment; further increases in revenue and earnings expected in the fourth quarter

Successful third quarter; strong revenue growth especially in the Automotive segment; further increases in revenue and earnings expected in the fourth quarter

Aug 3, 2022| Quarterly Report

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

  • Q3 FY 2022: Revenue €3.618 billion, up 10 percent on the preceding quarter and 33 percent year on year; Segment Result €842 million; Segment Result Margin 23.3 percent; Free Cash Flow €440 million
  • Outlook for Q4 FY 2022: Based on an assumed exchange rate of US$1.05 to the euro, revenue of around €3.9 billion is predicted. On this basis, the Segment Result Margin is expected to be about 25 percent
  • Outlook for FY 2022: Based on the outlook for Q4 FY 2022, revenue for the full 2022 fiscal year is expected to reach around €14 billion (previous forecast: €13.5 billion). On this basis, the Segment Result Margin is expected to exceed 23 percent (previously expected to exceed 22 percent). Investments of around €2.4 billion are planned (unchanged). Free Cash Flow is expected to reach about €1.4 billion (previous forecast: about €1.1 billion)

Neubiberg, 3 August 2022 - Today, Infineon Technologies AG is reporting results for the third quarter of its 2022 fiscal year (period ended 30 June 2022).

"In a difficult macroeconomic climate, Infineon continues to be well on the way thanks to its differentiating portfolio," said Jochen Hanebeck, Chief Executive Officer of Infineon. "Increases in energy costs, raw material prices and interest rates, the continuing pandemic and geopolitical uncertainties are all impeding economic growth. In some consumer-oriented end markets demand has recently weakened. We are keeping a close eye on market developments and are prepared to act swiftly. However, the structural drivers decarbonization and digitalization continue to cause high demand for semiconductors. The global trend towards electromobility persists. Many countries are now seeking to secure independent energy supplies, which will further accelerate the expansion of renewable energy. We are also benefiting from continuing high levels of investment in communications infrastructure, data centers and cloud computing."

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

About Infineon

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about €11.1 billion in the 2021 fiscal year (ending 30 September).

Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

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INFXX202208-109

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