Infineon Registers 33% Revenue Growth In Q3 Backed By Automotive, Systems Revenues

  • Infineon Technologies AG IFNNY reported third-quarter FY22 revenue growth of 33% year on year to €3.62 billion.
  • Automotive revenue rose 41% to €1.7 billion; Industrial Power Control revenue grew by 6% Y/Y to €436 million; Power & Sensor Systems revenue rose 35% to €1.02 billion; Connected Secure Systems revenue rose 32% to €456 million.
  • Adjusted gross margin expanded 360 basis points to 45.4%, and operating income rose 98.8% to €690 million.
  • Adjusted EPS was €0.49 versus €0.27 last year.
  • The company generated €996 million in operating cash flow and held €1.6 billion in cash and equivalents.
  • Guidance: Infineon sees Q4 revenue of €3.9 billion.
  • Infineon boosted the FY22 revenue guidance from €13.5 billion to €14 billion.
  • Price Action: IFNNY shares traded higher by 2.40% at $27.72 in the premarket on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!