Infineon Technologies AG

IFX

Equity

ISIN DE0006231004 / Valor 1038049

Xetra (2024-11-22)

EUR 30.00+3.23%

Infineon Technologies AG
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About company

Infineon Technologies AG is a leading global provider of semiconductor and system solutions, with operations organized into four main segments: Automotive, Green Industrial Power, Power & Sensor Systems, and Connected Secure Systems. The company plays a pivotal role in the automotive industry by offering microelectronics that enable the development of clean, safe, and smart vehicles, including those that are hybrid and electric. In the realm of Green Industrial Power, Infineon delivers semiconductor solutions that support the efficient conversion of electrical energy across various applications, from renewable energies to industrial power supplies. The Power & Sensor Systems segment focuses on advancing power management, sensing, and data transfer capabilities, catering to a wide range of applications including consumer devices and industrial automation. Lastly, the Connected Secure Systems division is dedicated to enhancing the security and connectivity of IoT systems and devices, offering solutions that span from low-power microcontrollers to security technologies. Infineon's comprehensive product portfolio and its strategic focus on key technological areas position it as a leader in the semiconductor industry, driving innovation in energy efficiency, smart technology, and secure connectivity.

Summarized from source with an LLMView SourceSector: Technology

Revenue Decline

In the first quarter of the 2024 fiscal year, Infineon Technologies AG reported a revenue of €3,702 million. This represents an 11 percent decline compared to the previous quarter's revenue of €4,149 million. The decrease was observed across all four segments of the company.

Gross Margin

Infineon Technologies AG's gross margin for the first quarter of the 2024 fiscal year was 43.2 percent, slightly down from 43.6 percent in the prior quarter. The adjusted gross margin also saw a decrease, reaching 44.9 percent compared to 45.5 percent in the fourth quarter of the 2023 fiscal year.

Segment Result

The Segment Result for Infineon Technologies AG in the first quarter of the 2024 fiscal year amounted to €831 million, down from €1,044 million in the previous quarter. Consequently, the Segment Result Margin decreased to 22.4 percent from 25.2 percent in the fourth quarter of the 2023 fiscal year.

Profit and Earnings

Infineon Technologies AG reported a profit from continuing operations of €598 million for the first quarter of the 2024 fiscal year, compared to €748 million in the preceding quarter. Basic earnings per share from continuing operations decreased to €0.45 from €0.57 in the prior quarter.

Outlook for Fiscal Year 2024

Infineon Technologies AG has adjusted its revenue outlook for the 2024 fiscal year to around €16 billion, down from the previous forecast of €17 billion. This adjustment is partly due to a revised assumed exchange rate of US$1.10 to the euro. The company expects revenue growth in the Automotive segment but anticipates declines in other segments.

Summarized from source with an LLMView Source

Key figures

-10.3%1Y

-30.0%3Y

56.4%5Y

Performance

37.4%1Y

38.3%3Y

40.8%5Y

Volatility