Infineon, the German chipmaker, has slightly revised its full-year revenue outlook upwards, citing currency effects, after its first-quarter revenue came in better than expected. The company now expects revenue for the fiscal year ending September 2025 to be flat to slightly higher compared to the prior year, an improvement from its previous forecast of a slight decline, which was based on a weaker euro-to-dollar exchange rate.
CEO Jochen Hanebeck expressed confidence, stating that the company performed well despite a challenging market environment, with first-quarter results exceeding expectations. Infineon reported a revenue drop of 8% for the first quarter, amounting to 3.4 billion euros ($3.5 billion), though it had anticipated a more significant dip, with analysts forecasting 3.2 billion euros.
Additionally, Infineon’s segment result margin, a key measure of profitability, was also a pleasant surprise, coming in at 16.7%, surpassing the forecast of 15%.
