Its segment result margin--a key profitability metric--is expected at roughly 24%, below 27% reported for fiscal 2023. Its Automotive division contributed EUR2.16 billion to sales, up 12% on year. Last month, peer chip maker STMicroelectronics also posted higher revenue led by growth at its automotive division despite weaker sales at its personal electronics business. Infineon's net profit climbed to EUR753 million from EUR735 million, while its segment result slipped to EUR1.04 billion from EUR1.06 billion, generating a 25.2% margin. Infineon had expected quarterly revenue of around EUR4 billion and a segment result margin of around 25%.

Source: Wall Street Journal November 15, 2023 22:53 UTC