Considerable profits: Infineon releases first quarter financial report for fiscal year 2023

First quarter of fiscal year 2023: revenue reached 3.951 billion euros, profit reached 1.107 billion euros, and profit margin was 28%;

Outlook for the second quarter of fiscal year 2023: Assuming the euro-dollar exchange rate is 1:1.05, revenue is expected to reach approximately 3.9 billion euros. On this basis, profit margins are expected to reach around 25%;

Outlook for fiscal year 2023: Even assuming that the euro/dollar exchange rate is now 1:1.05 (previously 1:1.00), Infineon's revenue in fiscal 2023 is still expected to reach approximately 15.5 billion euros (± 500 million euros). If revenue is at the midpoint of the forecast range, adjusted gross margin is expected to be around 45%, with margins in the mid-25% range (previously expected margins to be around 24%). Investments are still expected to reach approximately 3 billion euros. Taking into account the planned expansion of the front-end plant, free cash flow is expected to be approximately 800 million euros, and adjusted free cash flow is approximately 1.5 billion euros.

Jochen Hanebeck, CEO of Infineon Technologies AG, said: "In the face of challenges and changes, Infineon has made steady progress. We achieved very impressive profits in the first quarter of fiscal 2023. Even in the weakening macroeconomic situation Despite this, many of our businesses are still performing strongly, especially driven by the energy transition and the development of electric transportation. Demand for our industrial and automotive application solutions has remained high. At the same time, we also see smartphones, Demand in areas such as PCs and data centers has weakened significantly. During this challenging period, we will continue to remain cautious and adapt to market dynamics. In addition, we have slightly raised our outlook for fiscal 2023 due to currency effects."

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