Infineon more positive on revenue outlook after Q1 stronger than expected
- Shares in Infineon rose 11 percent after the company upgraded its full-year revenue outlook and reported quarterly results above expectations.
- Infineon expects fiscal second-quarter revenue of 3.6 billion euros, exceeding the analyst forecast of 3.42 billion euros.
- Analysts noted that Infineon's report eased concerns about automotive demand, guiding for flat-to-slightly up revenue in FY25.
- The Power & Sensor segment is anticipated to grow significantly in FY25, driven by Infineon's artificial intelligence server products.
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