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Infineon: raises guidance for FY 2022

( - The company has reported Q2 2022 sales of 3.
298 billion euros (ended 31 March 2022), up 4% sequentially and up 22% y-o-y.

Segment profit was 761 million euros, i.e. a profit margin of 23.1%, with free cash flow of 120 million euros.

The group expects sales of around 3.4 billion euros in Q3 - as such, its segment profit margin is expected to be around 21%.

For FY 2022, management is targeting sales of 13.5 billion euros (vs. 13.0 billion euros previously). The segment profit margin is expected to exceed 22% (vs. around 22% previously). Meanwhile, free cash flow is expected to be around 1.1 billion euros (vs. around 1.0 billion euros previously).

However, the seemingly brighter outlook seems to come to no avail - Infineon shares are currently down over 3% in Frankfurt.

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