Above-average seasonal revenue growth and higher earnings driven by strong demand in Automotive, Industrial and Power Supply
- Q2 FY 2017: Revenue €1,767 million; Segment Result €296 million; Segment Result Margin 16.8 percent; earnings per share €0.18 (basic and diluted); adjusted earnings per share €0.21 (diluted); gross margin 36.5 percent, adjusted gross margin 38.0 percent
- Outlook for Q3 FY 2017: Quarter-on-quarter revenue growth of 3 percent (plus or minus 2 percentage points), with Segment Result Margin of 17.5 percent at mid-point of revenue guidance
- Outlook for FY 2017: Based on an assumed exchange rate of US$ 1.10 to the euro, year-on-year revenue growth of around 8 to 11 percent, with Segment Result Margin of 17 percent at mid-point of revenue guidance
Infineon Technologies AG today reported results for the second quarter of its 2017 fiscal year (period ended 31 March 2017).
“The favorable market development we saw in the first quarter of the fiscal year has continued into the second three-month period. Current order situation gives us good reason for optimism and we have raised our forecast for the full year,” said Dr. Reinhard Ploss, CEO of Infineon. “Apart from a continuation of our outstanding performance in the automotive sector, demand for solutions for industrial applications, power supplies and homeappliances is also gathering pace. We are particularly pleased with the positive customer feedback on our silicon carbide MOSFET. This is a clear sign that we are pursuing the right strategy concerning compound semiconductors.”
Review of Group financials for the second quarter of the 2017 fiscal year
In the second quarter of the 2017 fiscal year, revenue grew by 7 percent from €1,645 million to €1,767 million quarter-on-quarter. The Automotive (ATV), Industrial Power Control (IPC) and Power Management & Multimarket (PMM) segments all contributed to revenue growth, whereas revenue reported by the Chip Card & Security segment (CCS) was down slightly.