German chipmaker Infineon cuts its revenue forecast in the year to September 2024 to €15.1B, below €15.7B est., signaling automotive chip demand remains weak
Q2 in a nutshell: 💶€ 3.632bn revenue and 19.5% Segment Result Margin (SRM) 💪Decarbonization and digitalization continue to be strong drivers for our growth 📆FY 2024 outlook reduced: Expected revenue ~€15.1bn (previously ~€16bn)