Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q4 FY2025 Earnings Presentation

16 slides from Infineon Technologies's earnings presentation, Nov 12, 2025

1. Slide 1: Fourth Quarter FY 2025 Analyst Call

   Fourth Quarter FY 2025 Analyst Call Infineon Technologies AG Investor Relations 1

2. Slide 2: Group financial performance

   Group financial performance Revenues and Segment Result USD exchange rate [EUR m] Segment result Revenues Segment result margin Average revenue exchange rate FY24 FY25 +1% ø USD/EUR +6% 1.09 1.11 3,919 3,943 3,704 Q4 Q3 Q4 3,591 3,424 FY24 FY25 FY25 1.10 1.14 1.17 Order backlog1 [EUR bn] 19 20 20 20

3. Slide 3: Automotive (ATV)

   Automotive (ATV) Revenues1 Segment Result1 [EUR m] Revenues [EUR m] Segment result Segment result margin -2% +3% 1,969 1,921 1,858 1,870 510 1,752 430 385 371 343 25.9% 22.4% 19.6% 20.7% 19.8% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 ‒ Slight revenue increase d

4. Slide 4: Green Industrial Power (GIP)

   Green Industrial Power (GIP) Revenues Segment Result [EUR m] Revenues [EUR m] Segment result Segment result margin -8% +7% 503 111 463 431 397 340 69 61 34 38 22.1% 14.2% 14.9% 10.0% 9.6% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 ‒ Revenue improvement largely at

5. Slide 5: Power & Sensor Systems (PSS)

   Power & Sensor Systems (PSS) Revenues1 Segment Result1 [EUR m] Revenues [EUR m] Segment result Segment result margin +14% +13% 1,189 198 1,041 1,053 179 987 979 169 146 138 17.1% 18.8% 14.0% 14.1% 15.1% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 ‒ AI power soluti

6. Slide 6: Connected Secure Systems (CSS)

   Connected Secure Systems (CSS) Revenues Segment Result [EUR m] Revenues [EUR m] Segment result Segment result margin -9% +6% 406 369 62 344 356 349 45 40 39 30 15.3% 12.2% 8.7% 11.2% 11.2% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 ‒ Revenue increase driven by pa

7. Slide 7: Gross margin and Opex

   Gross margin and Opex Gross profit1 R&D1 SG&A [EUR m] [EUR m] [EUR m] 1,621 1,515 1,504 1,343 1,391 544 559 560 565 522 393 395 410 401 41.4% 376 39.2% 38.7% 40.9% 38.1% 13.3% 15.9% 15.6% 15.1% 14.3% 10.0% 11.5% 10.5% 11.1% 10.2% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1FY25 Q2 FY25 Q3 FY25

8. Slide 8: Investments, Depreciation & Amortization and Free Cash Flow

   Investments, Depreciation & Amortization and Free Cash Flow Investments Depreciation & Amortization Free Cash Flow [EUR m] [EUR m] [EUR m] 1,145 722 731 288 174 487 483 484 470 451 473 463 -237 -1,276 * 442 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY

9. Slide 9: Working capital, in particular trade working capital components

   Working capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days2] 4,385 4,333 4,280 4,141 3,716 3,990 3,464 3,424 2,946 2,955 190 156 177 176 153 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Trade receivables Trade

10. Slide 10: Development of liquidity and debt

    Development of liquidity and debt Capital structure [EUR m] Gross Cash Gross Debt Net Cash/Debt 2,201 2,102 1,957 1,687 1,539 -4,811 -2,610 -4,943 -2,986 -4,984 -3,445 -5,516 -3,829 -6,829 -4,727 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 2025-11-12 Copyright © Infineon Technologies AG 2025. All rights

11. Slide 11: Outlook for Q1 FY26 and FY26

    Outlook for Q1 FY26 and FY26 Outlook Outlook Q1 FY261 FY261 Revenue ~€3.6bn moderately up vs. prior year Adj. Gross Margin low 40s % Segment Result Margin mid-to-high-teens % high-teens % FCF ~€1.1bn/ Adj. FCF ~€1.6bn Investments ~€2.2bn D&A ~€2.0bn2 1 Based on an assumed average exchange rate of $1

12. Slide 12: Key points / Outlook FY26 – setting a prudent bar

    Key points Q4: Sequential increase in revenue and earnings – €3.9bn revenue, 18.2% Segment Result Margin Gradual upcycle expected, yet limited visibility ‒ Customers continue to order “on sight” amid persisting geopolitical/macro volatility. ‒ AI continues to be the bright spot, driven by our differ

13. Slide 13: Questions & Answers

    Questions & Answers 2025-11-12 Copyright © Infineon Technologies AG 2025. All rights reserved. 13

14. Slide 14: Cinfineon

    Cinfineon

15. Slide 15: Disclaimer

    Disclaimer Disclaimer This presentation contains forward-looking statements and/or assessments about the business, financial condition performance and strategy of the Infineon Group. These statements and/or assessments are based on assumptions and management expectation resting upon currently availa

16. Slide 16: Notes

    Notes Order backlog = The total amount of orders received regardless of their current status Working Capital = ('Total current assets' – 'Cash and cash equivalents' – 'Financial investment' – 'Assets classified as held for sale') – ('Total current liabilities' – 'Short term debt and current maturiti

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