Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q3 FY2025 Earnings Presentation

17 slides from Infineon Technologies's earnings presentation, Aug 5, 2025

  1. Slide 1: Third Quarter FY 2025 Analyst Call

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

  2. Slide 2: Aligning our product category segmentation with market standards

    Aligning our product category segmentation with market standards to better illustrate IFX’ unmatched portfolio Former segmentation FY24 New segmentation FY24 memory ICs ~5% ~30% control & connectivity RF & sensors ~10% ~30% analog & sensors embedded control and connectivity ~30% power (discretes, po

  3. Slide 3: 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 +0% Q3 Q2 Q3 +3% FY24 FY25 FY25 3,919 ø USD/EUR 1.08 1.05 1.14 3,702 3,704 3,591 3,424 Order backlog1 [EUR bn] 22 19 20 20 18 19.8% 21.2% 18.0

  4. Slide 4: Automotive (ATV)

    Automotive (ATV) Revenues1 Segment Result1 [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -3% +1% 1,927 1,969 1,870 1,858 1,752 498 510 385 371 343 25.8% 25.9% 19.6% 20.7% 19.8% ‒ Revenue slightly improved as customer destocking trends eased. ‒ Slight segment result decline due to cur

  5. Slide 5: Green Industrial Power (GIP)

    Green Industrial Power (GIP) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -9% +9% 503 475 431 397 340 111 88 61 22.1% 38 18.5% 34 14.2% 10.0% 9.6% ‒ Revenue increase, double digit at constant currency, driven by normalizing inventories and growth in key appli

  6. Slide 6: Power & Sensor Systems (PSS)

    Power & Sensor Systems (PSS) Revenues1 Segment Result1 [EUR m] Revenues [EUR m] Segment Result Segment Result Margin +13% +8% 1,041 1,053 934 987 979 198 169 146 138 109 17.1% 18.8% 11.7% 14.0% 14.1% ‒ Revenue growth momentum driven by the strength of power solutions for AI servers. ‒ Segment result

  7. Slide 7: Connected Secure Systems (CSS)

    Connected Secure Systems (CSS) Revenues Segment Result [EUR m] Revenues [EUR m] Segment Result Segment Result Margin -5% -2% 406 366 356 349 344 62 42 40 39 30 15.3% 11.5% 8.7% 11.2% 11.2% ‒ Revenue decrease driven by adverse currency effects. ‒ Segment result margin stable. ‒ IoT and security marke

  8. Slide 8: Gross margin and Opex

    Gross margin and Opex Gross profit1 R&D1 SG&A [EUR m] [EUR m] [EUR m] 1,621 1,534 1,515 1,343 1,391 553 544 559 560 522 390 393 395 410 376 41.4% 41.4% 39.2% 38.7% 40.9% 14.9% 13.3% 15.9% 15.6% 15.1% 10.5% 10.0% 11.5% 10.5% 11.1% Gross margin as reported Gross profit as reported* R&D expenses as % o

  9. Slide 9: 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] 1,145 722 731 700 487 470 473 483 393 463 288 470 174 442 -237 2025-08-05 Copyright © Infineon Technologies AG 2025. All rights reserved. 9

  10. Slide 10: Working capital, in particular trade working capital components

    Working capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days2] 3,477 3,464 3,424 3,716 4,429 3,990 4,385 4,333 4,280 2,946 184 190 177 156 176 Trade receivables Trade payables [EUR m] [days] [EUR m] [days2] 2,142 2,250 2,059 2,017 2,052 1,953 1,9

  11. Slide 11: Development of liquidity and debt

    Development of liquidity and debt Capital structure [EUR m] Gross Cash Gross Debt Net Cash/Debt 2,345 2,201 1,957 1,687 1,539 -4,811 -2,610 -5,386 -3,041 -4,943 -2,986 -5,516 -3,829 -4,984 -3,445 2025-08-05 Copyright © Infineon Technologies AG 2025. All rights reserved. 11

  12. Slide 12: Outlook for Q4 FY25 and FY25

    Outlook for Q4 FY25 and FY25 Outlook Outlook Q4 FY251 FY251 Revenue ~€3.9bn ~€14.6bn Adj. Gross Margin at least 40% Segment Result Margin high-teens % high-teens % FCF ~€1.0bn / ~€-1.2bn2 Adj. FCF ~€1.7bn Investments ~€2.2bn D&A ~€1.9bn3 1 Based on an assumed average exchange rate of $1.15 for €1.00

  13. Slide 13: Key points

    Key points Q3: Revenue in line with expectations, SRM slightly above – €3.7bn revenue, 18.0% Segment Result Margin Inventory correction has largely run its course ‒ Cyclical dynamics overlaid by geopolitical/macro headwinds, customers “driving on sight” ‒ Customer and distributor inventories are now

  14. Slide 14: Questions & Answers

    Questions & Answers 2025-08-05 Copyright © Infineon Technologies AG 2025. All rights reserved. 14

  15. Slide 15: Cinfineon

    Cinfineon

  16. Slide 16: 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

  17. Slide 17: 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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