In Frankfurt on February 4, Reuters reported that German chipmaker Infineon has slightly revised its full-year revenue outlook due to expected currency effects. The fiscal first-quarter revenue decline was not as severe as anticipated, prompting the adjustment.
Infineon now anticipates that revenue for the fiscal year ending in September 2025 will be flat to slightly higher compared to the previous year. This update follows the initial expectation of a slight decline, driven by a more favorable euro-to-dollar exchange rate.
Infineon's CEO Jochen Hanebeck noted, "Infineon has performed well in a challenging market, exceeding first-quarter expectations."
The Munich-based manufacturer recorded a first-quarter revenue decrease of 8% to 3.4 billion euros ($3.5 billion), surpassing the analyst forecast of 3.2 billion. Additionally, the segment result margin, a key measure of operating profitability, outperformed expectations at 16.7% compared to the predicted 15%.
(1 dollar = 0.9710 euros)