Infineon Technologies

Infineon is a German semiconductor company. It makes power semiconductors, microcontrollers, sensors and security chips for cars, data centers, energy infrastructure, industrial machines and consumer devices. In the fiscal year to September 30, 2026, revenue was €16,353 million. Automotive gave €7,672 million, Power & Sensor Systems €5,670 million, Green Industrial Power €1,703 million and Connected Secure Systems €1,308 million.

Since July 1, 2026, Infineon is organized in three new segments: Automotive, Edge Systems and Power Systems. It is a leader in power chips made of silicon, silicon carbide and gallium nitride. Products for AI servers and data centers are the main growth driver. Infineon reports in euros under IFRS, and its shares trade in Frankfurt.

IFNNY is an ADR on the OTCQX market in the United States, and one ADS represents one share. Infineon had about 58,100 employees at the end of September 2026. The head office is in Neubiberg, near Munich. Jochen Hanebeck is Chief Executive Officer.

Infineon trades close to its intrinsic value because investors expect a strong upturn, driven by power chips for AI data centers, but they are careful about the car market and the cost of new factories. For the fiscal year to September 30, 2027, Infineon expects revenue of about €20 billion, more than 20% growth, with close to €4 billion from data center power supplies, and a Segment Result Margin in the mid twenties percentage range, against 19.7% in fiscal 2026. For the value to grow, three things must be true. Data center demand must stay strong, so that revenue reaches about €20 billion.

Car production must recover, because Automotive gives almost half of revenue. Investments of €3.0 billion to €3.5 billion in Dresden, Kulim and Villach must fill with orders, so that margins rise as planned. The Q1 FY 2027 report, expected on February 3, 2027, is the next test. If the upturn holds through 2027, the value can grow with the earnings.

1. Nov 10, 2026Passed

   FY 2026 results and FY 2027 outlookAn outlook for revenue growth of 10% or more in fiscal 2027 passes; an outlook for flat or lower revenue fails.Outcome: Infineon expects revenue of about €20 billion in fiscal 2027, more than 20% growth.
2. Feb 3, 2027 · est.Pending

   Q1 FY 2027 resultsRevenue of about €4.6 billion and a Segment Result Margin near 23% pass; a cut of the fiscal 2027 outlook fails.
3. Nov 2027 · est.Pending

   FY 2027 resultsRevenue of about €20 billion and a Segment Result Margin in the mid twenties pass; a margin below 22% fails.

Every passed and failed checkpoint across all picks

• November 10, 2026Infineon reported results for Q4 and the fiscal year 2026. Q4 revenue rose 19% to €4,706 million, and the Segment Result Margin was 23.8%. For the year, revenue rose 12% to €16,353 million, adjusted EPS rose to €1.73 from €1.39, and free cash flow was €993 million. For fiscal 2027, Infineon expects revenue of about €20 billion and a Segment Result Margin in the mid twenties percentage range. The board will propose a dividend of €0.38 per share, €0.03 more than a year earlier.
• November 9, 2026Infineon said that it processed 300-millimeter silicon carbide wafers into working power devices at its fab in Villach, Austria, with its existing silicon equipment. A 300-millimeter wafer gives 2.3 times as many chips as a 200-millimeter wafer.
• November 2, 2026Infineon signed a technology agreement with Qualcomm Technologies to develop central car computers for software-defined vehicles.

• Demand for chips is cyclical. If car production or industrial demand falls, revenue and margins can fall fast, because factories have high fixed costs.
• A large part of the growth comes from power supplies for AI data centers. If AI spending slows, the planned growth of the Power Systems segment can stop.
• Infineon plans investments of €3.0 billion to €3.5 billion in fiscal 2027. If demand is lower than planned, the new capacity can lower margins and free cash flow.
• Chinese companies compete strongly in silicon carbide and other power chips, and trade rules between China, the United States and Europe can reduce sales or raise costs.
• The sale of the NOR Flash and F-RAM memory business to Winbond needs regulatory approvals and is expected to close in the second half of 2027.
• Infineon reports in euros, and its outlook assumes $1.15 per euro. A weaker U.S. dollar lowers revenue in euros, and a stronger euro lowers the value of each ADS in U.S. dollars.

Infineon funds itself with bonds, hybrid capital, bank loans and cash flow. At September 30, 2026, financial debt was €6,850 million, and gross cash, which includes cash and financial investments, was €2,137 million, so net debt was €4,713 million. Read more

Dividend yield

0.7% (last 12 months, at today’s price of $55.80)

Paid per share

$0.41 in the last 12 months (1 payment)

Current annual rate

$0.41 ($0.41 × 1 a year)

Latest ex-dividend date

February 23, 2026, $0.41 per share

Dividends per share by year

Over the last 5 years, the dividend grew by about 9.0% a year. Over the last 10 years, the dividend grew by about 6.5% a year.

Source: company filings and market data, read on November 10, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.