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Infineon Technologies First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Infineon Technologies (ETR:IFX) First Quarter 2024 Results

Key Financial Results

  • Revenue: €3.70b (down 6.3% from 1Q 2023).

  • Net income: €598.0m (down 17% from 1Q 2023).

  • Profit margin: 16% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue.

  • EPS: €0.46 (down from €0.56 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Infineon Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 5.2%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany.

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Performance of the German Semiconductor industry.

The company's shares are down 5.5% from a week ago.

Valuation

Our analysis of Infineon Technologies based on 6 different valuation metrics shows it might be undervalued. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.