IFNNY - Infineon Technologies AG Non-GAAP EPS of Euro0.44 revenue of Euro3.3B; issues Q3 and raises FY22 guidance

Infineon Technologies AG press release (OTCQX:IFNNY): Q2 Non-GAAP EPS of €0.44. Revenue of €3.3B (+22.2% Y/Y). Outlook for Q3 FY 2022: Revenue of around €3.4 billion predicted vs. estimated growth of 10.19% Y/Y; on this basis, segment result mrgin expected at around 21 percent. Outlook for FY 2022: Revenue of €13.5 billion plus or minus €500 million (previously €13.0 billion) now forecast for 2022 fiscal year vs. estimated growth of 9.07% Y/Y; at mid-point of guided revenue range, Segment Result Margin above 22 percent predicted (previously about 22 percent); investments at around €2.4 billion still planned; free cash flow expected to reach about €1.1 billion (previously about €1.0 billion).

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Infineon Technologies AG Non-GAAP EPS of €0.44, revenue of €3.3B; issues Q3 and raises FY22 guidance