Infineon reported Q3 revenues of €1,632m, up 1.3% sequentially and 2.9% yoy. All segments increased compared to the previous quarter, with the exception of Chip Card & Security, which was down 4.4% sequentially at €172m but flat yoy. The strongest sequential increase came from Industrial (€280m, +5.7%) while yoy it is Automotive (€676m, +8.9%). Power Management & Multimarkets showed a sequential increase (+2.6%) but a yoy decrease (-1.5%). The gross margin reached
02 Aug 2016
Slight disappointment in revenues due to consumer, auto remains strong
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Slight disappointment in revenues due to consumer, auto remains strong
Infineon Technologies AG (IFX:WBO) | 0 0 0.5% | Mkt Cap: 25,045m
- Published:
02 Aug 2016 -
Author:
Charles Bordes -
Pages:
3
Infineon reported Q3 revenues of €1,632m, up 1.3% sequentially and 2.9% yoy. All segments increased compared to the previous quarter, with the exception of Chip Card & Security, which was down 4.4% sequentially at €172m but flat yoy. The strongest sequential increase came from Industrial (€280m, +5.7%) while yoy it is Automotive (€676m, +8.9%). Power Management & Multimarkets showed a sequential increase (+2.6%) but a yoy decrease (-1.5%). The gross margin reached