BERLIN (Reuters) -German chipmaker Infineon slightly raised its full-year guidance for its segment result margin on Tuesday after its quarterly figure beat forecasts despite ongoing tariff uncertainties and a weaker dollar.
Infineon reported a segment result margin – management’s preferred measure of operating profitability – of 18% for its fiscal third quarter from April to June, beating the forecast for 15.8%.
Infineon slightly raised its full-year guidance to high-teens percentage gain in its segment result, which is adjusted for special items, up from the mid-teens range it previously projected.
Shares were down 1.9% in pre-market indications after the results were published.
Quarterly revenue of 3.70 billion euros ($4.27 billion) was in line with forecasts, up 3% compared with the previous quarter, and would have grown as much as 9% had the U.S. dollar exchange rate remained unchanged.
Infineon is well-placed to take advantage of growing semiconductor demand for cars and power supply for AI data centres, among other fields, said CEO Jochen Hanebeck.
“Inventory corrections in our target markets have progressed a lot,” he said. “However, we and our customers are continuing to navigate our way through an uncertain macroeconomic and geopolitical situation.”
At the same time, investments for the fiscal year will now total around 2.2 billion euros, it said, down slightly from 2.3 billion euros previously.
($1 = 0.8657 euros)
(Reporting by Miranda Murray and Hakan ErsenEditing by Ludwig Burger)
