Infineon Technologies
A very Profitable First Quarter
Infineon Technologies achieved revenues of Euro 3.951 billion in the first quarter of the 2023 financial year, with a segment result of Euro 1.107 billion. The company is raising its fiscal year forecast slightly due to currency effects.
Outlook for Q2 FY 2023: Based on an assumed exchange rate of US$1.05 to the euro, revenue of around €3.9 billion with a Segment Result Margin of around 25 percent expected
Outlook for FY 2023: Despite a now assumed exchange rate of US$1.05 to the euro (previously US$1.00), Infineon continues to anticipate revenues of around €15.5 billion (plus or minus €500 million), with an adjusted gross margin of around 45 percent and a Segment Result Margin of now around 25 percent (previously around 24 percent) at the mid-point of the guided revenue range. Investments are still expected to amount to approximately €3.0 billion. Taking the planned investments in frontend buildings into account, Infineon continues to expect Free Cash Flow of around €0.8 billion and adjusted Free Cash Flow of around €1.5 billion.
