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).

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.

Performance of the German Semiconductor industry.

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

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Infineon Technologies could be a good place to look. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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