Infineon Technologies AG Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2024
August 05, 2024 at 01:20 pm
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Infineon Technologies AG reported earnings results for the third quarter and nine months ended June 30, 2024. For the third quarter, the company reported sales was EUR 3,702 million compared to EUR 4,089 million a year ago. Net income was EUR 403 million compared to EUR 831 million a year ago. Basic earnings per share from continuing operations was EUR 0.31 compared to EUR 0.64 a year ago. Diluted earnings per share from continuing operations was EUR 0.3 compared to EUR 0.63 a year ago. Basic earnings per share was EUR 0.3 compared to EUR 0.63 a year ago. Diluted earnings per share was EUR 0.3 compared to EUR 0.63 a year ago.
For the nine months, sales was EUR 11,036 million compared to EUR 12,160 million a year ago. Net income was EUR 1,384 million compared to EUR 2,384 million a year ago. Basic earnings per share from continuing operations was EUR 1.06 compared to EUR 1.82 a year ago. Diluted earnings per share from continuing operations was EUR 1.05 compared to EUR 1.81 a year ago. Basic earnings per share was EUR 1.05 compared to EUR 1.81 a year ago. Diluted earnings per share was EUR 1.04 compared to EUR 1.81 a year ago.
Infineon Technologies AG is one of the world's leading manufacturers of semiconductors. The group's products include power semiconductors, sensors, microcontrollers, digital, mixed-signal and analog ICs, discrete semiconductor modules, switches, interface ICs, motor-controlling ICs, RF power transistors, voltage regulators, and electronic safety components. Net sales break down by area of activity as follows:
- automotive (50.5%): semiconductor products used in the automotive industry, and memory products for specific applications for automotive, industrial, information technologies, telecommunications and consumer electronics.
- power & sensor systems (23.3%): semiconductors for energy-efficient power supplies, mobile devices, mobile phone network infrastructures, human-machine interaction as well as applications with special demands on their robustness and reliability.
- industrial power control (13.5%): semiconductor products for the conversion of electrical energy for small, medium and high-power applications, used in the manufacturing, the low-loss transmission, the storage and the efficient use of electrical energy;
- connected secure systems (12.6%): semiconductors for networked devices, card-based applications, and government documents; microcontrollers for industrial, entertainment, and household applications, components for connectivity systems, various customer support systems;
- other (0.1%).
Net sales are distributed geographically as follows: Germany (12.4%), Europe/Middle East/Africa (14.4%), China/Hong Kong/Taiwan (32.3%), Japan (10.5%), Asia/Pacific (15.9%), the United States (12.1%) and Americas (2.4%).
INFINEON TECHNOLOGIES AG 
