For FY 2024, the company expects revenue of €15 billion and a profit of 20%. FY 2024 capex is planned to be €2.8 billion. Free Cash Flow is expected to be about €1.5 billion.
“In a market environment that remains challenging, Infineon continues to hold up well,” says CEO 
Jochen Hanebeck (pictured) the recovery in our target markets is progressing only slowly. Prolonged weak economic momentum has resulted in inventory levels in many areas overlaying end demand. In addition to managing the current demand cycle, we are working on further strengthening our competitiveness through the “Step Up” structural improvement programme.”
The main contributors to the Q3 increase in revenue were the Automotive (ATV) and Power & Sensor Systems (PSS) segments. Revenue in the Green Industrial Power (GIP) and Connected Secure Systems (CSS) segments was virtually unchanged from the previous quarter.
