Infineon forecasts a €14bn revenue year

Author: EIS Release Date: Aug 11, 2022

Infineon had calendar Q2 revenue  of €3.618 billion, up 10% on calendar Q1 and up 33% y-o-y for a profit of €842 million at a margin of 23.3%. Free cash flow was €440 million

 

Infineon forecasts revenue of €3.9 million for calendar Q3 and a margin of 25%.

 

For its financial year to the end of September Infineon expects revenue of €14 billion with a margin of 23%.

 

Investments of around €2.4 billion are planned in the financial year and free cash flow  is expected to reach about €1.4 billion

 

“In a difficult macroeconomic climate, Infineon continues to be well on the way thanks to its differentiating portfolio,” says CEO Jochen Hanebeck (pictured) “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.”