10 November 2026 — Company results. German chipmaker Infineon Technologies expects revenue to grow by more than 20% in fiscal 2027, highlighting how the expansion of artificial-intelligence infrastructure is reaching companies that supply power-management chips rather than only processors.

What the company reported

In its official results published on 10 November, Infineon reported fiscal 2026 revenue of €16.353 billion, up 12% year on year. Segment Result was €3.223 billion, equivalent to a 19.7% margin, while adjusted earnings per share were €1.73. Free cash flow was €993 million and adjusted free cash flow €1.925 billion. These are company-reported figures for the financial year ended 30 September, not analyst estimates.

The final quarter delivered revenue of €4.706 billion and Segment Result of €1.119 billion, for a 23.8% margin. The quarter's profitability exceeded the full-year margin, indicating an improved exit rate into the next financial year.

AI power infrastructure is central to the forecast

Management projects fiscal 2027 revenue of approximately €20 billion, assuming EUR/USD at 1.15, with the Segment Result Margin in the mid-20s percentage range. It expects data-centre power-supply revenue to approach €4 billion. Planned investment is €3.0 billion–€3.5 billion, with free cash flow projected at about €1.8 billion and adjusted free cash flow at about €2.2 billion.

For the first quarter of fiscal 2027, Infineon guides to approximately €4.6 billion in revenue and a Segment Result Margin near 23%. Management also intends to propose a dividend increase of €0.03 to €0.38 per share at its February 2027 annual meeting; this is a proposal, not an approved payment.

Why markets should care

Data-centre electricity distribution, grid modernisation and power conversion are potential bottlenecks in the AI capital-expenditure cycle. Infineon's guidance provides a company-specific measure of expected demand in those supporting systems. However, the revenue outlook is conditional on currency assumptions, investment execution and customers' deployment schedules. It should not be read as a guaranteed outcome or a direct forecast for AI-chip designers.

Source and verification: Infineon Technologies official fiscal 2026 results, 10 November 2026. Financial figures are reported results and management guidance; no live share-price quotation is asserted. NetNapz analysis; not investment advice.