Revenues fall and profits rise, Infineon's 2022 fourth quarter earnings report unveiled

European semiconductor giant Infineon announced today (February 2) its financial results for the fourth quarter of 2022 (the first quarter of fiscal year 2023). It achieved revenue of 3.951 billion euros in the quarter, down 5% from the previous quarter, and achieved a net profit of 1.107 billion euros. An increase of about 4.6% from the previous quarter.

In the performance guidance given by Infineon, the revenue forecast for the first quarter of this year (the second quarter of fiscal year 2023) is 3.9 billion euros, the overall revenue for fiscal year 2023 is expected to be 15.5 billion euros, and the annual capital expenditure is expected to be 3 billion euros. .

Jochen Hanebeck, CEO of the company, said: "Infineon continues to advance in rough seas, and our first quarter of fiscal year 2023 was very profitable. Even in the weak macroeconomic environment, most of our businesses performed well. Strong. In particular, the energy transition and the expansion of electric vehicles have led to continued high demand for our solutions in industrial and automotive applications. In contrast, we have seen noticeably softer demand in areas such as smartphones, PCs and data centers. We We will continue to exercise caution during these challenging times and remain flexible in our approach to market dynamics. All in all, we are slightly increasing our guidance for the current fiscal year, adjusting for currency effects."