Infineon Forecasts Sales Decline Amid Weak Chip Market

Dow Jones11-12

By Mauro Orru

Infineon Technologies is expecting lower sales in its new fiscal year as demand for chips in cars, industrial equipment and personal electronics remains weak.

The German chip maker said revenue in the fiscal year to the end of September 2025 would decline slightly from the 14.96 billion euros ($15.94 billion) it reported for fiscal 2024. Its segment result margin--a key profitability measure--is expected to be in the mid to high teens percentage compared with the 20.8% margin it reported in fiscal 2024.

Analysts are forecasting revenue of 15.73 billion euros and a 20.7% margin in fiscal 2025, according to a Vara Research consensus.

Infineon proposed a dividend of 0.35 euros a share for fiscal 2024, unchanged from the previous year.

The company booked 3.92 billion euros in sales in the three months to the end of September, down 6% on year.

Infineon swung to a quarterly net loss of 84 million euros from a profit of 753 million euros, while its segment result declined to 832 million euros from 1.04 billion euros, generating a 21.2% margin.

Analysts had forecast quarterly sales of 3.97 billion euros, a profit of 510 million euros, a segment result of 788 million euros, and a 19.9% margin, according to the consensus.

For the current quarter, Infineon is expecting sales of around 3.2 billion euros and a segment result margin in the mid-teens percentage range.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

November 12, 2024 01:35 ET (06:35 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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