[Nubiberg, Germany, August 6, 2021]Infineon Technologies AG has released its results for the third quarter of the 2021 fiscal year (ending June 30, 2021). Earnings and free cash flow momentum is good, revenue is bucking the trend in a difficult supply situation, and results are expected to continue to be strong in the final quarter.
Q3 FY2021: Revenue EUR 2.722 billion; profit EUR 496 million; profit margin 18.2%; free cash flow EUR 477 million
Outlook for the fourth quarter of fiscal 2021: At a USD/EUR exchange rate of 1.20:1, revenue is expected to reach approximately EUR 2.9 billion. Based on this, margins are expected to be around 19%
Outlook for fiscal 2021: Based on the outlook for the fourth quarter of fiscal 2021, full-year revenue is expected to reach approximately EUR 11 billion. At this level, profit margins are expected to reach more than 18%. The expected investment remains at around 1.6 billion euros.Free cash flow is expected to be around EUR 1.5 billion
Dr. Reinhard Ploss, CEO of Infineon Technologies AG, said: “Semiconductors play an important role in promoting energy and digital transformation, so demand will continue. However, the semiconductor market is still facing an extremely tight supply situation. At the low point, our chips are shipped directly from the factory to end users. Faced with this situation, any restrictions on production due to the epidemic, such as the control measures recently implemented in Malaysia, will have a particularly severe impact. We are doing our best to We do our best to improve the status quo of the entire value chain, and to adopt the most flexible way of working in the best interests of our customers. At the same time, we are constantly expanding our production capacity.”
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