Infineon Technologies Ag · XETR:IFX

Infineon Technologies — Q1 FY2026 Earnings Presentation

18 slides from Infineon Technologies's earnings presentation, Feb 4, 2026

  1. Slide 1: First Quarter FY 2026 Analyst Call

    First Quarter FY 2026 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 +7%​​ -7%​​ Q1 Q4 Q1 ​3,943​​ FY25 FY25 FY26 ​3,704​​ ​3,662​​ ​3,591​​ ​3,424​​ ø USD/EUR 1.07 1.17 1.16 Order backlog1 [EUR bn] ​20​​

  3. Slide 3: Automotive (ATV)

    Automotive (ATV) Revenues Segment Result [EUR m] Revenues [EUR m] Segment result Segment result margin +4% -5% 1,858 1,870 1,921 1,752 1,821 430 385 403 371 343 19.6% 20.7% 19.8% 22.4% 22.1% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 ‒ Sequential revenue decrease

  4. Slide 4: Green Industrial Power (GIP)

    Green Industrial Power (GIP) Revenues1 Segment Result1 [EUR m] Revenues [EUR m] Segment result Segment result margin +9% -21% 442 409 377 349 320 72 62 41 36 31 15.2% 16.3% 11.3% 10.9% 8.9% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 ‒ Sequential revenue declines

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

    Power & Sensor Systems (PSS) Revenues1 Segment Result1 [EUR m] Revenues​​ [EUR m] Segment result Segment result margin +16%​​ -3%​​ ​1,210​​ ​1,171​​ 197 204 ​1,075​​ 176 ​1,007​​ ​999​​ 167 135 16.6% 18.3% 17.4% 13.5% 14.5% ​Q1 FY25​​ ​Q2 FY25​​ ​Q3 FY25​​ ​Q4 FY25​​ ​Q1 FY26​​ Q1 FY25 Q2 FY25 Q3 F

  6. Slide 6: Infineon strengthens its sensor leadership with the acquisition of ams OSRAM's sensor portfolio

    Infineon strengthens its sensor leadership with the acquisition of ams OSRAM’s non-optical analog/mixed-signal sensor portfolio Transaction overview CY26e revenue ~€230 m analog / mixed-signal sensor business Purchase price €570 m Employees Strategic rationale ~230 employees, thereof ~150 in R&D fab

  7. Slide 7: Infineon serves all markets with a broad sensor portfolio

    Infineon serves all markets with a broad sensor portfolio ​ to provide best solutions in Auto and Industrial Automotive Industrial Medical ‒ Radar sensors ‒ Radar sensors ‒ Temperature sensors ‒ Magnetic position sensors ‒ Magnetic position sensors ‒ Conventional and photon counting IC ‒ Magnetic sp

  8. Slide 8: Connected Secure Systems (CSS)

    Connected Secure Systems (CSS) Revenues Segment Result [EUR m] Revenues [EUR m] Segment result Segment result margin -7% -13% 356 369 344 349 321 45 40 39 30 23 8.7% 11.2% 11.2% 12.2% 7.2% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 ‒ Revenue decrease driven by a

  9. Slide 9: Gross margin and Opex

    Gross margin and Opex Gross profit R&D SG&A [EUR m] [EUR m] [EUR m] 1,515 1,504 1,462 1,343 1,391 626 544 559 560 565 395 410 401 409 376 39.2% 38.7% 40.9% 38.1% 39.9% 15.9% 15.6% 15.1% 14.3% 17.1% 11.5% 10.5% 11.1% 10.2% 11.2% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q

  10. Slide 10: 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] 731 582 288 174 487 483 484 478 470 451 463 -237 -1,276* -199 442 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25

  11. Slide 11: Working capital, in particular trade working capital components

    Working capital, in particular trade working capital components Working capital1 Inventories [EUR m] [EUR m] [days] ​4,385​​ ​4,333​​ ​4,280​​ ​4,485​​ ​4,141​​ ​3,464​​ ​3,424​​ ​3,716​​ ​2,955​​ ​3,275​​ ​190​​ ​177​​ ​176​​ ​183​​ ​153​​ ​Q1 FY25​​ ​Q2 FY25​​ ​Q3 FY25​​ ​Q4 FY25​​ ​Q1 FY26​​ ​Q1

  12. Slide 12: Development of liquidity and debt

    Development of liquidity and debt Capital structure [EUR m] Gross Cash Gross Debt Net Cash/Debt 1,957 2,102 1,687 1,849 1,539 -4,943 -2,986 -4,984 -3,445 -5,516 -3,829 -6,829 -4,727 -6,829 -4,980 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 2026-02-04 Copyright © Infineon Technologies AG 2026. All rights

  13. Slide 13: Outlook for Q2 FY26 and FY26

    Outlook for Q2 FY26 and FY26 Outlook Outlook Q2 FY261 FY261 Revenue ~€3.8bn moderately up vs. prior year Adj. Gross Margin low 40s % Segment Result Margin mid-to-high-teens % high-teens % FCF ~€1.0bn/ Adj. FCF ~€1.4bn Investments ~€2.7bn D&A ~€2.0bn2 1 Based on an assumed average exchange rate of $1

  14. Slide 14: Key points

    Key points Q1: Successful start into FY26, upper end of guidance achieved – €3.7bn revenue, 17.9% Segment Result Margin Gradual upcycle expected // Doubling down on AI ‒ Geopolitics and macro factors temper recovery momentum ‒ Auto: muted short-term xEV demand more than offset by shift towards softw

  15. Slide 15: Questions & Answers

    Questions & Answers 2026-02-04 Copyright © Infineon Technologies AG 2026. All rights reserved. 15

  16. Slide 16: Cinfineon

    Cinfineon

  17. Slide 17: 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

  18. Slide 18: Notes

    Notes Investments = 'Investments in property, plant and equipment' + 'Investments in other intangible assets and capitalized developments costs' Order backlog = The total amount of orders received regardless of their current status Working Capital = ('Total current assets' – 'Cash and cash equivalen

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