Infineon sees unabated demand, raises revenue goals
Brilliant figures at the end: Infineon CEO Reinhard Ploss has presented his last quarterly results before his retirement.
Revenues in the past quarter rose by 20 % to around € 3.2 billion, the semiconductor group announced. The bottom line was a profit of €457 million, 79 % more than in the same period last year. The operating margin was 22.7 %. Germany’s largest chipmaker thus slightly exceeded its own forecast.
The company continues to report demand outpacing manufacturing capacity. “Demand for our products and solutions remains very high. Our capacity utilisation is strong and we are expanding it step by step,” Ploss said when presenting the figures. At the same time, he announced a further expansion of manufacturing capacity. “Overall, semiconductor demand continues to be significantly higher than supply. Electrification and digitalisation are ensuring continued strong growth in our target markets. We expect the supply situation in some application areas to remain tight well into the calendar year,” the Infineon boss said.
For Q2 of the 2022 fiscal year, the chipmaker expects revenues of around €3.2 billion, while for the full year Ploss raised expectations to €13 billion. The ATV (automotive) and CSS (connected secure systems) segments in particular are expected to grow at an above-average rate.