Demand strengthening at Infineon
Infineon had calendar Q1 revenues of €1,051 million for a profit of €146 million with a margin of 13.9%.
“Demand is strengthening and our order books are filling up nicely,” says CEO Reinhard Ploss, “we are in a position to outgrow the market this fiscal year.”
Revenue growth was mainly driven by automotive and industrial power control.
For calendar Q2, it expects revenue expected to increase between 4 and 8% sequentially with a margin between 14 and 16%.
For the fiscal year to the end of calendar Q3, Infineon expects sales to be up between 7 and 11% with a margin between 11 and 14%.