Didier Scemama's questions to Infineon Technologies AG (IFNNY) leadership • Q2 2025
Question
Didier Scemama asked for details on the mechanics of the revised full-year margin guidance, the assumptions behind the tariff-related revenue haircut, and an update on the AI revenue forecast.
Answer
CFO Sven Schneider attributed the margin guidance change to a combination of lower volumes from the tariff guesstimate, higher underutilization charges, a significant currency headwind of €150-€170 million, and some industrial pricing pressure. He clarified the tariff impact is a €400 million revenue 'guesstimate' for Q4 and not yet visible in the order book. CMO Andreas Urschitz confirmed the AI revenue targets of €600 million for the current fiscal year and €1 billion for the next, citing Infineon's strong market position.