Infineon's Revenue Outlook Improves Amidst Industry Challenges
Infineon Technologies AG has exceeded analyst expectations with its quarterly revenue forecast, despite ongoing industry headwinds. The German chipmaker now anticipates revenue of approximately €3.6 billion ($3.7 billion) for the quarter ending March, remaining stable year-over-year.
This estimate surpasses the average analyst consensus of €3.4 billion and incorporates currency fluctuations. Additionally, Infineon has raised its full-year guidance, projecting flat to marginally higher revenue for fiscal 2025 after previously predicting a slight decline.
Infineon primarily caters to the automotive industry, which has faced challenges due to a downturn in electric vehicle sales. However, the company remains optimistic about its long-term prospects and anticipates a turnaround by the end of fiscal 2025.
Despite increased competition from Texas Instruments in China and potential headwinds from US President Donald Trump's tariffs on imports, Infineon is confident in its ability to navigate the current market conditions.