Infineon expects 2022 revenues of €13.5bn

Infineon had calendar Q1 revenues up 22% y-oY and 4% sequentially at €3.298 billion for a profit of €761 million at a margin of 23.1% It had free cash flow of €120 million. 

For calendar Q2 it forecasts revenue of around €3.4 billion at a margin of around 21%.

For its FY 2022, Infineon expects revenue of €13.5 billion at a margin of 22%.

The company plans to invest €2.4 billion in the 2022 FY. Free cash flow is expected to be €1.1 billion.

“Infineon continues to perform well within an increasingly challenging environment,” said CEO Jochen Hanebeck (pictured), “revenue and Segment Result both went up again in the second quarter. Global uncertainties, in particular the war in Ukraine and the further course of the corona­virus pandemic, are placing stress on supply chains. At the same time, demand for our products and solutions continues to exceed supply significantly. Decarbonization and digitalization will profoundly change the world we live in over the next decade. We are actively driving this change, while at the same time seizing these opportunities to generate profitable growth. We are closely monitoring short- and medium-term market and supply conditions in order to be able to respond in case of need.”