Tech stocks may be falling, but chipmakers continue to roll out strong results. Germany’s Infineon on Monday was bang on trend, reporting a (modest) profit beat in the second quarter and raising full-year sales guidance from €13bn to €13bn-€14bn. Integrated device manufacturers such as Infineon and Samsung are riding a demand boost exacerbated by snagged supply chains.
View more earnings on IFNNYSee more from BenzingaSafe-T Reiterates Record Q1 and April, Expects Minimum 50% Annual Growth Through 2025AT&T, Comcast, Verizon, Others Join Government's Low-Income Broadband PlanDon't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
German chip maker expects revenue of €13.5 billion for the full year, as demand for semiconductors remained high in a global shortage.