Results

Infineon Technologies AG

05/04/2021 | Press release | Distributed by Public on 05/03/2021 23:31

Positive revenue and earnings trajectory continuing; strong free cash flow; annual forecast raised slightly again

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

  • Q2 FY 2021: Revenue €2.7 billion; Segment Result €470 million; Segment Result Margin 17.4 percent; free cash flow €407 million
  • Outlook for Q3 FY 2021: Based on an assumed exchange rate of US$1.20 to the euro, revenue is predicted to come in between €2.6 billion and €2.9 billion. At the mid-point of the guided revenue range, the Segment Result Margin is expected to be around 18 percent
  • Outlook for FY 2021: Based on an assumed exchange rate of US$1.20 to the euro, revenue of around €11.0 billion (plus or minus 3 percent) is expected. At the mid-point of the guided revenue range, the Segment Result Margin is expected to come in at around 18 percent. Investments are still planned to be around €1.6 billion. Free cash flow is now anticipated to exceed €1.2 billion

Neubiberg, Germany - 4 May 2021 - Today, Infineon Technologies AG is reporting results for the second quarter of the 2021 fiscal year (period ended 31 March 2021).

'The semiconductor market is booming; electronics that help accelerate the energy transition and make work and home life easier remain in high demand. The push for digitalization continues unabated. Infineon is firmly on course to meet its targets for the current fiscal year,' said Dr. Reinhard Ploss, CEO of Infineon. 'Demand greatly exceeds supply for the majority of applications. Infineon's manufacturing facilities are running at full speed and we continue to invest in additional capacity. We see bottlenecks in those segments where we depend on chips supplied by foundries, especially in the case of automotive microcontrollers and IoT products. We are doing everything we can to provide our customers with the best possible support in this situation.'

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