2023-05-07 01:35:11 ET
Summary
- Infineon reported its Q1 earnings last week and delivered outstanding results with the company barely impacted by the cyclical downturn in semiconductors.
- Key to this outperformance is its exposure to the automotive industry and the decarbonization trend, which are driving impressive growth for Infineon, most likely for years to come.
- As a result of the robust financials, Infineon positively updated its outlook and now expects revenue to come in $800 million above its initial guidance, combined with much better margins.
- I remain bullish on the long-term prospects for Infineon and maintain my price target of €50 ($55) per share, leaving an upside of 50% for investors.
For further details see:
Infineon Q2 Earnings: Bucking The Semiconductor Slowdown