German chipmaker Infineon slightly revises up full-year outlook amid currency effects
FRANKFURT, Germany (Reuters) - German chipmaker Infineon Technologies AG (IFX.DE) slightly adjusted its full-year revenue expectations higher on Tuesday, citing favorable currency effects.
The company now projects flat to slightly increased revenue for the fiscal year ending September 2025, compared to a previously anticipated slight decline. This adjustment is attributed to a lower euro-to-dollar exchange rate.
"Infineon has weathered the challenging market environment well, exceeding expectations in our first quarter," said Infineon CEO Jochen Hanebeck.
Infineon reported an 8% decrease in first-quarter revenue to €3.4 billion ($3.5 billion), surpassing analyst estimates of €3.2 billion. The segment result margin, a key metric for operating profitability, also exceeded forecasts, coming in at 16.7% compared to the anticipated 15%.
($1 = €0.9710)