Infineon Technologies Announces Third Quarter Financial Results for Fiscal Year 2024

Infineon Technologies announced its third quarter results for fiscal year 2024 (April to June 2024) yesterday: revenue of 3.702 billion euros, lower than the expected 3.8 billion euros, a year-on-year decrease of 9%; net profit of 403 million euros, lower than the expected 447 million euros, a year-on-year decrease of 52%; profit margin was 19.5%, compared with 26.1% in the same period last year.