Infineon: nudges up outlook for 2023

(CercleFinance.com) - The German semiconductor manufacturer reported sales of 3,951 million euros in Q1 2023, down 5% sequentially (from E4,143m).


Meanwhile, its gross margin increased in Q1 to 47.2%, compared to 44.4% in the previous quarter.

Operating profit improved over the period to 966 million euros, compared to 920 million euros in the previous three months.

The financial result for Q1 was a net loss of 24 million euros, compared to a net loss of 33 million euros in Q4 2022. Profit from continuing operations reached 729 million euros, in line with the
730 million euros in the previous quarter.


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