Infineon stock hikes on guidance beat, demand from auto sector

(Reuters) – Infineon rose by 11%, after the German Chipmaker updated its entire year’s income prospect and reported quarterly results on quarterly results.

Outlook differs from other microchip products for cars and industrial use, which have missed expectations, in some cases, with a wide range of margins, Juergen Wagner, said he was an analyst.

In the smonnon, the shares increased by 11%, at 0815 GMT, on their best day’s path at the end of May. Stock staged German blue-chip index

“Infineon’s report has probably relieved of the ongoing deterioration of automobile demand, as it has been guided by smooth-slight car income in FY25,” said Jack Egan.

“The capacity and indicator segment is also expected to significantly in FY25, most likely due to Infineon (artificial intelligence) server products,” the analyst added.

“After the expected reduction in the inventory, we continue to predict that the restoration of demand will be gradual for the current financial year,” said General Director Jochen Henbec.

The company also said that it expects the second quarterly for $ 3.6 billion in the fiscal revenue ($ 3.7 billion), beating analysts provided by the company to 3.42 billion.

($ 1 = 0.9696 euro)

(Reports about Amir Ortusov and Anastasia Kozlova; editing by Ludwig Burger)