Infineon: in demand after forecasts raised

(CercleFinance.com) - Infineon shares are up over 5% in Frankfurt today, after the company increased its revenue and operating margin forecasts, mainly due to resilient sales momentum at its main automotive and industrial segments.


For Q2 2022-23, the German semiconductor manufacturer now expects revenue to exceed four billion euros, up from an initial forecast of around 3.9 billion.

Thanks to the increase in revenues, positive price and mix effects and better-than-expected development of energy costs, its segment margin should now be at the upper end of the 20%-30% range, instead of around 25%.

Infineon now expects FY revenues to be well above the previously expected level of around 15.5 billion euros (plus or minus E500m), with a corresponding positive impact on its margin.


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