Infineon Delivers Better-than-Expected Second Quarter Results

Infineon Technologies IFNNY reported strong secondquarter results that were moderately ahead of our expectations, and we are maintaining our $8 fair value estimate and no-moat rating of the firm. Infineon sales grew 8% sequentially during the second quarter to EUR 918 million, largely driven by 12% sales growth to automotive customers. Infineon is optimistic that stronger-than-expected automotive sales could lead increased sales to car makers … Continue reading Infineon Delivers Better-than-Expected Second Quarter Results