Infineon Technologies AG reported the results for the third quarter of its 2023 fiscal year (period ended 30 June 2023).
“The company has 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 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)
Original – Infineon Technologies
