Infineon Half-Year Report 2023

Group performance in the second quarter of the 2023 fiscal year In the second quarter of the 2023 fiscal year, Group revenue was €4,119 million. Compared with revenue in the prior quarter of €3,951 million, this was an increase
of 4 percent. Revenue in the Automotive (ATV) and Green Industrial Power (GIP) segments improved significantly. The Connected Secure Systems (CSS) segment saw a slight increase in revenue, whereas the Power & Sensor Systems (PSS) segment experienced a significant decline as expected.

The weaker US dollar compared with the prior quarter had a negative impact on revenue in all segments. The gross margin in the second quarter of the current fiscal year was 46.6 percent, compared with 47.2 percent in the prior quarter. The adjusted gross margin was 48.6 percent, compared with 49.2 percent in the prior quarter.

The Segment Result increased in the second quarter of the 2023 fiscal year to €1,180 million, from €1,107 million in the prior quarter. The Segment Result Margin was 28.6 percent, compared with 28.0 percent in the first quarter of the current fiscal year.