Future Tech

Infineon Q1 revenue comes in slightly below expectations

Tan KW
Publish date: Thu, 02 Feb 2023, 03:41 PM
Tan KW
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Future Tech

BERLIN - Infineon, a leading supplier of microchips to the auto industry, on Thursday bumped up its outlook for fiscal 2023 to adjust for currency effects even as it came in slightly below revenue expectations for its first quarter.

The Munich-based company's revenue fell 5% from the previous quarter to 3.95 billion euros ($4.35 billion) in the quarter ending Dec. 31, slightly under the 4 billion euros expected in a poll of analysts by Vara Research published on Jan. 24.

 


  - Reuters

 

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