Infineon Technologies AG (IFNNY) CEO Reinhard Ploss on Q3 2021 Results - Earnings Call Transcript

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Q3: 2021-08-03 Earnings Summary

EPS of $0.32 misses by $0.02
 | Revenue of $3.23B (25.88% Y/Y) misses by $65.25M

Infineon Technologies AG (OTCQX:IFNNY) Q3 2021 Earnings Conference Call August 3, 2021 3:30 AM ET

Company Participants

Alexander Foltin - Head of IR
Reinhard Ploss - CEO
Helmut Gassel - CMO
Jochen Hanebeck - COO
Constanze Hufenbecher - CDTO
Sven Schneider - CFO

Conference Call Participants

Johannes Schaller - Deutsche Bank
Sandeep Deshpande - JPMorgan
Didier Scemama - Bank of America
Amit Harchandani - Citi
Matt Ramsay - Cowen
Francois Bouvignies - UBS
Janardan Menon - Liberum
Aleksander Peterc - Societe Generale
David O'Connor - Exane BNP Paribas

Alexander Foltin

Good morning, and welcome, ladies and gentlemen, to our 2021 fiscal third quarter earnings call. As usual, the entire management board of Infineon is on the call Reinhard Ploss, CEO; Helmut Gassel, CMO; Jochen Hanebeck, COO; Constanze Hufenbecher, CDTO; as well as Sven Schneider, our CFO.

You are familiar with our usual procedure. As last time, Reinhard's summary will come after the Q&A, so please stay tuned until the end of the call. The illustrating slide show, which is synchronized with a telephone audio signal, is available at infineon.com/slides. After the introduction, we will be happy to take your questions kindly asking that you restrict yourself to 1 question and 1 follow-up. A recording of this conference call, including the aforementioned slides and a copy of our earnings press release as well as our investor presentation are also available on our website at infineon.com.

Now Reinhard, over to you.

Reinhard Ploss

Yes. Thank you, Alexander, and good morning, everyone. The general market picture in our business situation continue to look very positive. Demand is by far outstripping supply. Shortages exist across the majority of end markets and in many product categories. Reopenings of economies in various countries, coupled with enormous stimulus programs, provide a healthy tailwind. Structural semiconductor content growth opportunities come on top. Capacity constraints, however, remain the limiting factor.

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