EQS-News: Infineon: Solid Q2 FY 2024. Prolonged weak demand in major target markets leads to a lowering of the forecast for the fiscal year. Program to strengthen competitiveness starts.
The gross margin achieved in the second quarter of the current fiscal year was 38.6 percent, compared with 43.2 percent in the prior quarter.
- The gross margin achieved in the second quarter of the current fiscal year was 38.6 percent, compared with 43.2 percent in the prior quarter.
- The Segment Result in the second quarter of the 2024 fiscal year was €707 million, compared with €831 million in the prior quarter.
- Operating profit for the second quarter of the 2024 fiscal year reached €496 million, compared with €702 million in the prior quarter.
- The tax expense in the second quarter of the 2024 fiscal year amounted to €93 million, compared with €134 million in the prior quarter.