Infineon Second-quarter revenue and earnings

• Q2 FY 2019: Revenue of €1,983 million; Segment Result €332 million; Segment Result Margin 16.7 percent
• Outlook for Q3 FY 2019: Based on an assumed exchange rate of US$1.15 to the euro, revenue is expected to grow by 1 percent (plus or minus 2 percentage points) quarter-on-quarter and hence below the usual seasonal rate. The Segment Result Margin should come in at 15 percent at the mid-point of the revenue guidance
• Outlook for FY 2019: Revenue of €8 billion (plus or minus 2 percent) expected with a Segment Result Margin of 16 percent at the mid-point of the revenue guidance

Neubiberg, Germany – 7 May 2019 – Infineon Technologies AG today is reporting results for the second quarter of the 2019 fiscal year (period ended 31 March 2019).

“Infineon’s robust business model has enabled us to perform well during the second quarter, despite a significant slowdown of the market”, stated Dr. Reinhard Ploss, CEO of Infineon. “The boom is over for the time being, the momentum in demand has weakened. At the end of March, we responded to this trend by adjusting our outlook for the year and prepared for a lower level of growth. At the same time, we have acted consistently to successfully manage the current cycle and cut costs. We will continue to pursue strategic investment initiatives with the aim of safeguarding Infineon’s future. This is driven by the excellent long-term prospects in our key target markets, which include electro mobility, autonomous driving, renewable energy, data centers and mobile communications.”