Infineon Sales Guidance Misses Estimates on Tariff Uncertainty
Infineon Technologies AG forecast revenue in the current quarter will miss analysts' expectations and cut its outlook for the year after the German chipmaker factored in potential declines due to tariffs and currency fluctuations.
The company gave a third-quarter sales outlook for €3.7 billion ($4.2 billion), in a statement Thursday. That compares to an average analyst estimate of €3.84 billion compiled by Bloomberg. Infineon said that while it hasn't seen tariffs impacting orders yet, it believes sales will have a 'slight decline' for the year after forecasting that they'd be flat or slightly increase previously.
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