Infineon concludes FY 2024 with an increase in revenue

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Infineon concludes FY 2024 with an increase in revenue and earnings in the last quarter. FY 2025: Muted expectations in a weak market environment

Quarterly Report

Nov 12, 2024

For the full version of this news release (incl. financial data), please download the PDF version.

Q4 FY 2024: Revenue €3.919 billion, Segment Result €832 million, Segment Result Margin 21.2 percent
FY 2024: Revenue €14.955 billion, down 8 percent on the prior year; Segment Result €3.105 billion; Segment Result Margin 20.8 percent; adjusted earnings per share €1.87; Free Cash Flow €23 million, adjusted Free Cash Flow €1.690 billion
Dividend proposal for FY 2024: Dividend unchanged at €0.35 per share
Outlook for Q1 FY 2025: Based on an assumed exchange rate of US$1.10 to the euro, revenue of around €3.2 billion expected. On this basis, Segment Result Margin forecast to be in the mid-teens percentage range
Outlook for FY 2025: Based on an assumed exchange rate of US$1.10 to the euro, revenue is expected to slightly decline compared with previous year. The adjusted gross margin should be around 40 percent and the Segment Result Margin in the mid-to-high-teens percentage range. Investments of approximately €2.5 billion planned. Free Cash Flow adjusted for investments in frontend buildings should be around €1.7 billion and reported Free Cash Flow around €900 million

Neubiberg, 12 November 2024 – Today, Infineon Technologies AG is reporting results for the fourth quarter and the full fiscal year, both of which ended on 30 September 2024.

"Infineon has managed the 2024 fiscal year well and concluded it in line with expectations," says Jochen Hanebeck, CEO of Infineon. "Currently, there is hardly any growth momentum in our end markets except from AI, the cyclical recovery is being delayed. The inventory correction is continuing. Short-term ordering patterns and inventory digestion are clouding visibility on demand trends beyond the next couple of quarters. We are therefore preparing for a muted business trajectory in 2025. At the same time, we are relying on the consistent implementation of the structural measures in our “Step Up” program to strengthen our competitiveness. In combination with our innovative power, we are addressing our structural growth drivers and putting ourselves in the best position for a coming upturn.”

For the full version of this news release (incl. financial data), please download the PDF version.

About Infineon

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 58,060 employees worldwide (end of September 2024) and generated revenue of about €15 billion in the 2024 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Annual Press Conference

Quarterly Financial Results about 2024 Fiscal Fourth Quarter and Fiscal Year Results, 12 November 2024
Start: 8:00 am CET / 7:00 am UK / 2:00 am EST
https://livestream.infineon.com/jpk2024

Conference Call for Analysts and Investors

about 2024 Fiscal Fourth Quarter Results, 12 November 2024
Hosts: Jochen Hanebeck (CEO), Dr. Sven Schneider (CFO), Andreas Urschitz (CMO), Alexander Foltin
Start: 9:30 am CET / 8:30 am UK / 3:30 am EST
https://webcast2.promeas.com/241112ifx-ir/index.php