Infineon Technologies lately reported results for the second quarter (Q2) of the 2018 fiscal year ending 31 March 2018. In this Q2 FY 2018, the German semiconductor giant revenue notched € 1,836 million.
During this current fiscal year, Infineon invested about € 1.2 billion due to accelerated capacity expansion.
Stating on the results, Dr. Reinhard Ploss, CEO of Infineon, said, “Infineon continues to grow profitably. Our growth is broadly based: Solutions for the entire range of drivetrain systems for all types of electric vehicles, including 48-volt systems, high-speed trains and renewable power generation. In addition, we are seeing growing demand for data center power supplies for artificial intelligence. Our order books are bulging. We therefore are very confident that we will achieve our revenue targets for the 2018 fiscal year.
Compared to the previous year’s March quarter, the average US dollar exchange rate against the euro fell by around 16 percent in the three-month period to 31 March 2018. Despite headwinds from the US dollar and rising material prices, we expect to achieve our targeted Segment Result Margin of 17 percent again in the 2018 fiscal year. This demonstrates the robustness of our business model,” continued Dr. Reinhard Ploss.
Infineon also shared the forecast for its Q3 of 2018, stating a quarter-on-quarter revenue growth of 3 percent and expects a YoY revenue growth of about 4 to 7 percent during FY 2018.