Infineon rises on stronger 2027 growth outlook backed by data centre demand
Yesterday 07:50
BUZZ-Infineon rises on stronger 2027 growth outlook backed by data centre demand ** Shares in Infineon IFXGn.DE rise around 7% in early Frankfurt trade after the German chip manufacturer forecast higher 2027 growth on robust data centre demand and posted its Q4 numbers in-line with estimates
** Infineon expects FY revenue to grow by more than 20% to around €20 billion ($22.45 billion) in 2027, compared with analysts' average estimate of €19.8 billion in a company-provided poll
** Q4 revenue rose to €4.71 billion from €4.17 billion a year earlier, matching analysts' forecast of €4.71 billion
* Jefferies says quarterly results and guidance were broadly in-line with market expectations
** The stock is seen at the top of Germany's blue-chip index .GDAXI
($1 = 0.8908 euros)
(Reporting by Ozan Ergenay)