Infineon lifts 2026 outlook as AI demand boosts growth prospects
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The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner
BERLIN, May 6 (Reuters) - Infineon Technologies raised its full-year guidance on Wednesday as demand for power supply solutions for AI data centers surged and automotive order intake improved, joining a wave of chipmakers benefiting from AI infrastructure spending.
The German chipmaker, which provides parts for automotive, power and security systems, posted second-quarter revenue of 3.81 billion euros ($4.47 billion), up 6% from the same quarter a year earlier.
Infineon now expects revenue to rise significantly year-on-year for fiscal 2026, up from a previous forecast of moderate growth. It also raised its 2026 segment result margin target to around 20% from the previously expected high-teens percent range.
The upgrade reflects higher demand across multiple business areas. "The AI boom strengthens further, and our power supply solutions for AI data centers are in very high demand," CEO Jochen Hanebeck said in a statement.
The company said it expects revenue of around 1.5 billion euros from AI data center applications in fiscal 2026, rising to around 2.5 billion euros in fiscal 2027.
($1 = 0.8522 euros)
(Reporting by Kirsti Knolle, Editing by Linda Pasquini)
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