Flexible Electronics News

Infineon Concludes Very Profitable 1Q 2023

Q1 FY 2023 revenue was €3.951 billion, segment result €1.107 billion, segment result margin 28%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Infineon Technologies AG reported results for the first quarter of its 2023 fiscal year (period ended Dec 31, 2022). First quarter 2023 revenue was €3.951 billion, segment result €1.107 billion, and segment result margin 28%. Despite a now assumed exchange rate of US$1.05 to the euro (previously US$1.00), Infineon continues to anticipate revenues of around €15.5 billion (plus or minus €500 million), with an adjusted gross margin of around 45% and a segment result margin of now around 25% (pre...

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