Infineon Q1 Report 2022

Group performance in first quarter of 2022 fiscal year In the first quarter of the 2022 fiscal year, Group revenue grew by €152 million or 5 percent to €3,159 million, compared with €3,007 million in the previous threemonth period. Revenue continued to grow in the Automotive (ATV), Power & Sensor Systems (PSS) and Connected Secure Systems (CSS) segments, while the Industrial Power Control (IPC) segment recorded a slight decrease.

The gross margin improved slightly to 41.5 percent, compared with 41.2 percent in the preceding quarter. The adjusted gross margin remained unchanged at 43.9 percent quarter on quarter.

The first-quarter non-segment result was a net loss of €100 million, compared to a net loss of €138 million in the final quarter of the previous fiscal year. The nonsegment result for the quarter included €76 million of cost of goods sold, €47 million of selling, general and administrative expenses and €6 million of research and development expenses. In addition, net other operating income amounted to €29 million.

Operating profit for the first quarter of the 2022 fiscal year increased to €617 million, compared with €478 million in the previous three-month period.