For calendar Q1, it is forecasting revenue of €3.9 billion with a 25% margin
For its fiscal year from October 2023 to October 2024, Infineon is expecting revenues of €15.5 billion (plus or minus €500 million) with a margin of of 25%.
FY capex is approximately €3.0 billion, Free Cash Flow of around €0.8 billion and adjusted Free Cash Flow of around €1.5 billion are expected
“Infineon is staying on course in choppy waters, and the first quarter of our 2023 fiscal year has been very profitable. Substantial parts of our business have proved robust even in a weaker macroeconomic environment,” says Jochen Hanebeck, CEO of Infineon (pictured) “in particular, the energy transition and expansion of electromobility are causing a continuously high need for our solutions in industrial and automotive applications. In contrast, we are seeing significantly weaker demand in areas such as smartphones, PCs and data centers. We are continuing to navigate carefully in these challenging times and remain flexible in our approach to market dynamics. All in all, we are increasing our guidance slightly for the fiscal year, adjusting for currency effects.”
