Infineon Technologies Ag (IFNNY)
OTHER OTC:IFNNY
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Infineon
(OTC:IFNNY)
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Rating:66Neutral
Price Target:
$72.00
▲(78.57% Upside)
Action:ReiteratedDate:05/06/26
The score reflects a financially sound company operating through a margin-compression downcycle, partially offset by an upbeat earnings call with raised FY2026 guidance and a rising backlog. Technicals are supportive due to a strong uptrend, but stretched momentum raises pullback risk. Valuation is the main constraint given the high P/E and low dividend yield.
Positive Factors
Order Backlog & Upgraded Guidance
A ~€25bn backlog and raised FY2026 revenue/margin guidance provide durable multi-quarter revenue visibility in semiconductors. Given long design and qualification cycles, backlog supports multi-year production revenue, smoothing near-term cyclicality and underpinning capital allocation and capacity planning.
Negative Factors
Margin Compression & Reduced Profitability
Material margin compression reflects weaker pricing, utilization or higher costs and diminishes the company's earnings power and return on equity. Persistently lower margins reduce free cash flow generation and constrain reinvestment capacity, making long-term profitability recovery critical but uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Order Backlog & Upgraded Guidance
A ~€25bn backlog and raised FY2026 revenue/margin guidance provide durable multi-quarter revenue visibility in semiconductors. Given long design and qualification cycles, backlog supports multi-year production revenue, smoothing near-term cyclicality and underpinning capital allocation and capacity planning.
Read all positive factors
Infineon (IFNNY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$90.65B
Dividend Yield0.86%
Average Volume (3M)49.48K
Price to Earnings (P/E)47.8
Beta (1Y)1.58
Revenue Growth6.06%
EPS Growth13.91%
CountryUS
Employees57,397
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.75
Shares Outstanding1,305,921,100
10 Day Avg. Volume79,702
30 Day Avg. Volume49,482
Financial Highlights & Ratios
PEG Ratio-1.99
Price to Book (P/B)2.54
Price to Sales (P/S)2.96
P/FCF Ratio38.60
Enterprise Value/Market Cap0.93
Enterprise Value/Revenue5.66
Enterprise Value/Gross Profit14.36
Enterprise Value/Ebitda23.67
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2
Revenue Forecast (FY)$18.76B
Infineon Business Overview & Revenue Model
Company Description
Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and related system solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semicond...
How the Company Makes Money
Infineon makes money primarily by selling semiconductor products (integrated circuits and discrete devices) and related solutions to original equipment manufacturers (OEMs) and their supply chains (including tier-one automotive suppliers and indus...
Infineon Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down sales across various business units, indicating which segments are performing well and where the company might focus its strategic efforts for expansion.
Breaks down sales across various business units, indicating which segments are performing well and where the company might focus its strategic efforts for expansion.
Data provided by:
The Fly
The FlyInfineon Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call presented a broadly positive picture: revenue, backlog and AI-related businesses are strengthening, PSS and GIP margins improved, full-year revenue and margin guidance were raised, and investments (capex and a new fab) position the company to capture AI and power-market growth. Offsetting these positives are notable challenges in the automotive high-voltage business that materially hurt automotive margins, margin pressure at the company level, some segment weakness (CSS), near-term negative free cash flow for the quarter, and macro/supply-cost headwinds. On balance, the operational momentum and upgraded guidance outweigh the specific challenges.Positive Updates
Quarterly Revenue Growth
Q2 revenue of EUR 3.812 billion, up 4% quarter-on-quarter and up 6% year-on-year (over 14% year-on-year on a currency-adjusted basis).
Negative Updates
Automotive High-Voltage Business Profitability Decline
Automotive segment earnings margin fell to 18.1% from 22.1% quarter-on-quarter (segment earnings EUR 331 million). Loss-making/low-margin performance in high-voltage power semiconductors (inverters) driven by intense competition, pricing pressure and declining volumes; high-voltage accounts for ~7% of Automotive revenue and prompted restructuring actions (including Warstein back-end measures and portfolio streamlining).
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Q2-2026 Updates
Positive
Negative
Quarterly Revenue Growth
Q2 revenue of EUR 3.812 billion, up 4% quarter-on-quarter and up 6% year-on-year (over 14% year-on-year on a currency-adjusted basis).
Read all positive updates
Company Guidance
Infineon raised its outlook and provided detailed numeric guidance: Q2 revenue was EUR 3.812bn (up 4% QoQ, 6% YoY, >14% currency‑adjusted) with segment earnings of EUR 653m and a 17.1% margin (down from 17.9%), order backlog rose EUR 4bn to ~EUR 25bn (+~25% YoY) and Q2 free cash flow was -EUR 63m (vs -EUR 199m prior). Automotive revenue was EUR 1.830bn (segment earnings EUR 331m, margin 18.1%, high‑voltage ~7% of ATV revenue); GIP revenue EUR 403m (+15% QoQ) with EUR 47m earnings (11.7% margin); PSS revenue EUR 1.260bn (+8% QoQ) with EUR 257m earnings (20.4% margin) and confirmed AI power‑supply revenues of EUR 1.5bn in FY2026 and EUR 2.5bn in FY2027. For Q3 Infineon expects ~EUR 4.1bn revenue (~+8% QoQ) and a high single‑digit percentage segment profit margin; for FY2026 it now guides revenue >EUR 16bn (2025: ~EUR 14.7bn) and a ~20% segment profit margin (up from prior high‑single‑digit view), assumes USD/EUR ~1.17 (vs 1.15), plans capex ~EUR 7.2bn (including ~EUR 500m accelerated AI investments) and raises reported FCF to ~EUR 1.25bn (adjusted FCF ~EUR 1.65bn).Infineon Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.87B | 14.66B | 14.96B | 16.31B | 14.22B | 11.06B |
| Gross Profit | 5.86B | 5.75B | 6.07B | 7.41B | 6.13B | 4.26B |
| EBITDA | 3.55B | 3.51B | 4.18B | 5.83B | 4.53B | 2.99B |
| Net Income | 1.02B | 1.01B | 1.30B | 3.14B | 2.18B | 1.17B |
Balance Sheet | ||||||
| Total Assets | 30.72B | 30.47B | 28.64B | 28.44B | 26.91B | 23.33B |
| Cash, Cash Equivalents and Short-Term Investments | 1.85B | 2.10B | 2.20B | 3.59B | 3.72B | 3.92B |
| Total Debt | 8.22B | 7.22B | 5.17B | 5.11B | 6.05B | 6.92B |
| Total Liabilities | 13.90B | 13.42B | 11.42B | 11.39B | 11.97B | 11.93B |
| Stockholders Equity | 16.83B | 17.05B | 17.22B | 17.04B | 14.94B | 11.40B |
Cash Flow | ||||||
| Free Cash Flow | 1.27B | 1.12B | 61.00M | 966.00M | 1.67B | 1.57B |
| Operating Cash Flow | 3.09B | 3.22B | 2.78B | 3.96B | 3.98B | 3.06B |
| Investing Cash Flow | -3.86B | -4.31B | -2.17B | -2.26B | -2.44B | -2.28B |
| Financing Cash Flow | 782.74M | 867.21M | -615.00M | -1.30B | -1.87B | -885.00M |
Infineon Technical Analysis
Positive
40.32
Price Trends
48.98
Positive
46.96
Positive
43.53
Positive
Market Momentum
1.91
Negative
73.26
Negative
99.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IFNNY, the sentiment is Positive. The current price of 40.32 is below the 20-day moving average (MA) of 47.55, below the 50-day MA of 48.98, and below the 200-day MA of 43.53, indicating a bullish trend. The MACD of 1.91 indicates Negative momentum. The RSI at 73.26 is Negative, neither overbought nor oversold. The STOCH value of 99.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IFNNY.
Infineon Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $76.64B | 10.55 | 26.14% | 1.79% | 2.37% | 13.28% | |
68 Neutral | $150.54B | 42.24 | 19.38% | 0.28% | 42.09% | ― | |
67 Neutral | $41.45B | -183.45 | 7.45% | ― | -9.04% | -4.21% | |
66 Neutral | $90.65B | 47.84 | 6.06% | 0.86% | 6.06% | 13.91% | |
65 Neutral | $50.91B | 215.94 | 0.97% | 1.28% | 0.79% | -86.68% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $55.69B | 246.12 | -1.42% | 2.79% | -8.08% | -149.99% |
* Technology Sector Average
IFNNY
Infineon
69.63
35.43
103.56%
MRVL
Marvell
172.15
115.99
206.55%
MCHP
Microchip
102.92
56.24
120.47%
NXPI
NXP Semiconductors
303.55
120.18
65.54%
ON
ON Semiconductor
105.77
66.97
172.60%
STM
STMicroelectronics
57.95
35.13
153.99%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.