After two quarters of consensus beats and upgraded guidance, Infineon published its Q3 figures in-line with consensus and re-iterated its FY23 guidance. Revenue stood at €4,089m, and the operating margin at 26.1%. Like its peers, Infineon benefitted from robust automotive and industrial end-markets, partially offset by weakness in the consumer applications end market. For Q4, the company has guided for flat revenues qoq and a segment operating margin of 25% (-110bps qoq and -80bps vs consensus) ....
