Infineon (IFX GY) Q1 2026 (EUR) Revenue 3.66bln (exp. 3.62bln), EPS 0.19 (exp. 0.23); Q2 Revenue Outlook 3.8bln (exp. 3.81bln)

Other Q1 metrics:

• Adj. Gross Margin 43% (prev. 40.7% Y/Y).

FY26 Outlook: 

• "revenue is still expected to rise moderately compared with the prior year".
• The adjusted gross margin should be in the low-forties percentage range and Segment Result Margin in the high-teens percentage range.
• Investments are now planned at around EUR 2.7bln (prev. EUR 2.2bln) to further accelerate the expansion of manufacturing capacity for power supplies for AI data centers.

FY27 Outlook:

• Revenue of around 2.5bln is expected in this area after around 1.5bln in the current fiscal year.
• Adjusted free cash flow should now amount to around EUR 1.4bln (prev.  EUR 1.6bln), and free cash flow is now expected to reach around EUR 1.0bln (prev. EUR 1.1bln)

CEO:

• "Infineon has made a successful start to fiscal year 2026". 
• “The very dynamic demand for AI, against an otherwise subdued market backdrop, is providing strong tailwinds to Infineon. At present, the focus is on power supply solutions for AI data centers; in the coming years, the expansion of grid infrastructure will be added. To serve our customers in the best possible way, we are aligning our manufacturing capacity to meet further rising demand and are bringing forward our investments in this area.