Infineon forecasts €11bn FY

Update: August 6, 2023
Infineon forecasts €11bn FY

The outlook for calendar Q3 is for revenues of around €2.9 billion at a margin of around 19%.

Revenue for the full fiscal year to the end of March 2022 is predicted at about €11 billion with a margin of 11%.

Investments are  expected to be approximately €1.6 billion. Free cash flow is anticipated to come in around €1.5 billion

“Demand for semiconductors is unbroken, as they play a key role in enabling the energy transition and digitalization. Currently, however, the market is faced with an extremely tight supply situation,” said CEO Dr. Reinhard Ploss (pictured) “inventories are at a historic low; our chips are being shipped from our fabs straight into the end applications. Under these circumstances, any pandemic- related restrictions on manufacturing, such as those recently imposed in Malaysia, are especially grave. We are doing our utmost to improve matters along the entire value chain and are working as flexibly as possible in the best interests of our customers. At the same time, we are continuously building up additional capacity.”

Calendar Q2 revenue was up  by €22 million on the €2,700 million in calendar Q1.

Despite continued strong demand, revenue grew by only 1%  due to pandemic-related constraints on our manufacturing capacity in Melaka, Malaysia, and the aftermath of the winter storm in Austin, Texas.

These various factors have primarily affected the Automotive (ATV) and Power & sensor Systems (PSS) segments, both of which saw a decline in revenue compared to the previous quarter. By contrast, the Industrial Power Control (IPC) and Connected Secure Systems (CSS) segments recorded revenue growth.