Infineon published Q4 figures in line with the consensus and our expectations. The company guided for a weak Q1 24 with €3.8bn in revenues (~8% qoq decline) with the segment margin guided at 22%. However, the FY24 guidance was in line with the market’s expectations, with the ATV segment expected to prove more resilient than had been expected. We will slightly reduce our FY24 estimates but remain confident in the company’s long-term profile.
16 Nov 2023
H2-24 recovery outlook offsets weak Q1-24 guidance
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H2-24 recovery outlook offsets weak Q1-24 guidance
Infineon Technologies AG (IFX:ETR) | 0 0 0.0%
- Published:
16 Nov 2023 -
Author:
Sejal Varshney -
Pages:
3
Infineon published Q4 figures in line with the consensus and our expectations. The company guided for a weak Q1 24 with €3.8bn in revenues (~8% qoq decline) with the segment margin guided at 22%. However, the FY24 guidance was in line with the market’s expectations, with the ATV segment expected to prove more resilient than had been expected. We will slightly reduce our FY24 estimates but remain confident in the company’s long-term profile.