Earnings release
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com PRESS RELEASE Infineon makes a successful start to fiscal year 2026 and accelerates AI Investments in view of further increasing market dynamics – Q1 FY 2026: Revenue €3.662 billion, Segment Result €655 million, Segment Result Margin 17.9 percent – Outlook for Q2 FY 2026: Based on an assumed EUR/USD exchange rate of 1.15, revenue is expected to be around €3.8 billion. The Segment Result Margin is expected to be in the mid-to-high-teens percentage range – Outlook for FY 2026: Based on an assumed EUR/USD exchange rate of 1.15, revenue is still expected to rise moderately compared with the prior year. The adjusted gross margin should be in the low-forties percentage range and Segment Result Margin in the high-teens percentage range. Investments are now planned at around €2.7 billion (previously €2.2 billion) to further accelerate the expansion of manufacturing capacity for power supplies for AI data centers. For fiscal year 2027, revenue of around 2.5 billion is expected in this area after around 1.5 billion in the current fiscal year. Adjusted free cash flow should now amount to around €1.4 billion (previously €1.6 billion), and free cash flow is now expected to reach around €1.0 billion (previously €1.1 billion) Neubiberg, Germany, February 4, 2026 – Infineon Technologies AG today reported results for the first quarter of fiscal year 2026, which ended on 31 December 2025. “Infineon has made a successful start to fiscal year 2026,” said Jochen Hanebeck, CEO of Infineon. “The very dynamic demand for AI, against an otherwise subdued market back- drop, is providing strong tailwinds to Infineon. At present, the focus is on power supply solutions for AI data centers; in the coming years, the expansion of grid infrastructure will be added. To serve our customers in the best possible way, we are aligning our manu- facturing capacity to meet further rising demand and are bringing forward our investments in this area. A significant portion will go toward accelerating the ramp-up of our new Smart Power Fab in Dresden, which we will open this summer – at exactly the right time.” Group performance in the first quarter of fiscal year 2026 In the first quarter of fiscal year 2026, due to seasonality Group revenue decreased to €3,662 million, from €3,943 million in the previous quarter. The 7 percent decline in revenue affected all four segments and was moderate in Automotive (ATV) and Power & Sensor Systems (PSS), and significant in Green Industrial Power (GIP) as well as Connected Secure Systems (CSS).
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 2 - € in millions (unless otherwise stated) Q1 FY 2026 Q4 FY 2025 Change vs. previous quarter in % Q1 FY 2025 Change vs. previous year quarter in % Revenue 3,662 3,943 (7) 3,424 7 Gross margin (in %) 39.9% 38.1% 39.2% Adjusted gross margin1 (in %) 43.0% 40.7% 41.1% Segment Result 655 717 (9) 573 14 Segment Result Margin (in %) 17.9% 18.2% 16.7% Profit (loss) from continuing operations 256 239 7 243 5 Profit (loss) from discontinued operations, net of income taxes - (8) +++ 3 --- Profit (loss) for the period 256 231 11 246 4 Basic earnings per share (in euro) from continuing operations2 0.19 0.18 6 0.18 6 Diluted earnings per share (in euro) from continuing operations2 0.19 0.18 6 0.18 6 Adjusted earnings per share (in euro) from continuing operations – diluted2,3 0.35 0.34 3 0.33 6 1 The reconciliation of cost of goods sold to adjusted cost of goods sold and adjusted gross margin is presented on page 12. 2 The calculation for earnings per share and adjusted earnings per share is based on unrounded figures. 3 The reconciliation of profit (loss) for the period to adjusted profit (loss) for the period and adjusted earnings per share is presented on page 11. Gross margin rose in the first quarter of the current fiscal year significantly to 39.9 percent, from 38.1 percent in the previous quarter. The adjusted gross margin was 43.0 percent, compared with 40.7 percent in the fourth quarter of fiscal year 2025. The Segment Result decreased by 9 percent in the first quarter of fiscal year 2026 to €655 million, from €717 million in the previous quarter. The Segment Result Margin was 17.9 percent, compared with 18.2 percent in the previous quarter. Non-Segment Result was minus €267 million in the first quarter of fiscal year 2026, compared with minus €263 million in the previous quarter. Of the total, €113 million related to cost of goods sold, €35 million to research and development expenses, and €77 million to selling, general and administrative expenses. In addition, net other operating expenses amounted to €42 million. In the first quarter of fiscal year 2026, operating profit amounted to €388 million, compared with €454 million in the previous quarter. The financial result was minus €56 million in the first quarter of the current fiscal year, compared with minus €64 million in the fourth quarter of fiscal year 2025. Tax expense stood at €82 million in the first quarter of the current fiscal year, compared with €152 million in the previous quarter which had included valuation effects related to deferred taxes.
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 3 - Result from continuing operations rose in the first quarter of the current fiscal year to €256 million, from €239 million in the fourth quarter. Result from discontinued operations stood at €0 million, compared with minus €8 million in the previous quarter. As a result, profit for the period improved to €256 million in the first quarter, from €231 million in the fourth quarter. Basic earnings per share from continuing operations and diluted earnings per share from continuing operations improved in the first quarter of fiscal year 2026 to €0.19 each, from €0.18 each in the previous quarter. Adjusted earnings per share1 (diluted) rose slightly in the first quarter of the current fiscal year to €0.35, from €0.34 in the fourth quarter. Investments – which Infineon defines as the sum of investments in property, plant and equipment, investments in other intangible assets and capitalized development costs – amounted to €582 million in the first quarter of the current fiscal year, compared with €451 million in the previous quarter. Depreciation and amortization stood at €478 million in the first quarter of fiscal year 2026, compared with €484 million in the fourth quarter. Free cash flow2 was minus €199 million in the first quarter of the current fiscal year, compared with minus €1,276 million in the fourth quarter of fiscal year 2025. The fourth quarter included the purchase price payment for the acquisition of Marvell’s automotive Ethernet business in the amount of €2,180 million equivalent. At the end of the first quarter of fiscal year 2026, gross cash stood at €1,849 million, compared with €2,102 million at the end of the previous quarter. At the end of December 2025, financial debt amounted to €6,829 million and was unchanged from the level as of September 30, 2025. Net cash stood at minus €4,980 million, compared with minus €4,727 million at the end of the previous quarter. Segment earnings for the first quarter of fiscal year 20263 Revenue in the Automotive segment decreased in the first quarter of fiscal year 2026 to €1,821 million, from €1,921 million in the previous quarter. The 5 percent decline was due 1 Adjusted profit (loss) for the period and adjusted earnings per share (diluted) should not be seen as a replacement or as superior performance indicators, but rather as additional information to profit (loss) for the period and earnings per share (diluted) determined in accordance with IFRS. The detailed calculation of adjusted earnings per share is presented on page 11. 2 For definitions and the calculation of Free Cash Flow and of the gross and net cash positions, see page 17. 3 The product line „Power Drivers & Signal ICs“, which was previously allocated to the Green Industrial Power segment, was reclassified to the Power & Sensor Systems segment with effect from 1 October 2025. The figures for the comparative periods have been adjusted accordingly.
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 4 - to seasonally weaker demand. Segment Result reached €403 million, compared with €430 million in the fourth quarter of fiscal year 2025. Segment Result Margin was 22.1 percent, compared with 22.4 percent in the previous quarter. In the first quarter of fiscal year 2026, revenue in the Green Industrial Power segment declined to €349 million, from €442 million in the previous quarter. The 21 percent decrease was the result of significantly lower demand across all areas except grid infrastructure, where revenue rose substantially. Segment Result decreased in the first quarter to €31 million, from €72 million in the fourth quarter of the 2025 fiscal year. Segment Result Margin was 8.9 percent, compared with 16.3 percent in the previous quarter. Revenue in the Power & Sensor Systems segment stood at €1,171 million in the first quarter of fiscal year 2026. Compared with revenue of €1,210 million in the previous quarter, this represented a decline of 3 percent. While the business with products for servers and data centers for artificial intelligence continued to increase, the other areas recorded seasonal revenue declines. Segment Result improved in the first quarter to €204 million, from €176 million in the fourth quarter. Segment Result Margin rose to 17.4 percent, from 14.5 percent in the previous quarter. In the Connected Secure Systems segment, revenue decreased in the first quarter of fiscal year 2026 to €321 million, from €369 million in the previous quarter. The 13 percent decline was due to seasonally lower demand in most application areas. Segment Result stood at €23 million, compared with €45 million in the fourth quarter of the 2025 fiscal. Segment Result Margin was 7.2 percent, compared with 12.2 percent in the previous quarter. Outlook for the second quarter of fiscal year 2026 For the second quarter of fiscal year 2026, Infineon expects revenue of around €3.8 billion, based on an assumed EUR/USD exchange rate of 1.15. Revenue in the ATV and CSS segments is expected to remain roughly stable compared with the prior quarter. A moderate increase is expected for the GIP segment and a significant increase for PSS. The Segment Result Margin is expected to be in the mid-to-high-teens percentage range. Outlook for fiscal year 2026 Based on an assumed exchange rate of US$1.15 to the euro, Infineon expects revenues in the 2026 fiscal year to grow moderately compared with the 2025 fiscal year. Currency effects will have an adverse impact on revenue growth. The growth rate of the ATV segment is expected to be lower than the Group average. Subdued demand in the
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 5 - e-mobility segment is being offset by strong momentum for software-defined vehicles. In contrast, revenue in the PSS segment is expected to grow at a much faster rate than the Group average, driven by very dynamic demand for products for power supply of AI data centers. Compared with the prior year, revenue in the GIP segment is expected to increase slightly and revenue in the CSS segment should stay flat. The adjusted gross margin should be in the low-forties percentage range and the Segment Result Margin in the high-teens percentage range. Due to the very dynamic demand in artificial intelligence, investments – which Infineon defines as the sum of investments in property, plant and equipment, investments in other intangible assets and capitalized development costs – will increase by about €500 million in fiscal year 2026. In view of future revenue potential, investments of around €2.7 billion are now planned for the current fiscal year, up from €2.2 billion previously expected. The key focus areas remain completion and production ramp of the fourth fab module at the Dresden site (Germany), as well as additional manufacturing investments aligned with rapidly growing customer demand for power supplies for AI data centers. In this area, revenues of around €2.5 billion are expected in fiscal year 2027, up from around €1.5 billion in the current fiscal year. Depreciation and amortization in fiscal year 2026 is still expected to total €2.0 billion. Of that amount, around €400 million relates to depreciation and amortization from purchase price allocations, primarily in connection with the acquisition of Cypress and Marvell’s automotive Ethernet business. Adjusted free cash flow is expected at around €1.4 billion following the increase in investments, compared with €1.6 billion previously. Free cash flow is now expected to reach approximately €1.0 billion (previously €1.1 billion). Return on capital employed (RoCE) is expected to come in at a mid-single-digit percentage. The outlook for the 2026 fiscal year excludes the planned acquisition of the sensor portfolio from ams OSRAM which was announced by press release on 3 February 2026. In particular, it does not take account of the purchase price payment of €570 million, the debt that is intended to be raised to finance the acquisiton as well as the expected revenue for the fiscal year 2026, since the transaction is still subject to customary closing conditions and regulatory approvals. The closing is expected in the second quarter of the calendar year 2026.
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 6 - Press and analyst conference call On 4 February 2026 the Management Board of Infineon will host a press conference call with the media at 8:00 am (CET), 2:00 am (ET). It can be followed over the Internet in both English and German. In addition, a conference call including a webcast for analysts and investors (in English only) will take place at 9:30 am (CET), 3:30 am (ET). During both conferences, the Infineon Management Board will present the Company’s results for the first quarter as well as the outlook for the second quarter and the 2026 fiscal year. The conferences will also be available live and as replay on Infineon’s website at https://www.infineon.com/about/investor/reports-presentations/financial-results The Q1 Investor Presentation is available (in English only) at: https://www.infineon.com/about/investor/reports-presentations/financial-results Infineon Financial Calendar (*preliminary) 19 February 2026 Annual General Meeting 2026, Munich 26 February 2026 SIG Fifteenth Annual Technology Conference, New York 3 March 2026 Morgan Stanley TMT Conference, San Francisco 5 – 6 March 2026 Oddo BHF TMT Forum, virtual 9 March 2026 BNP Paribas Exane TMT Conference, London 10 March 2026 Citi TMT Conference, London 19 March 2026 Bernstein ESG Conference, Paris 6 May 2026* Earnings Release for the Second Quarter of the 2026 Fiscal Year 5 August 2026* Earnings Release for the Third Quarter of the 2026 Fiscal Year 10 November 2026* Earnings Release for the Fourth Quarter and the 2026 Fiscal Year About Infineon Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 57,000 employees worldwide (end of September 2025) and generated revenue of about €14.7 billion in the 2025 fiscal year (ending 30 September).
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 7 - Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY). Further information is available at https://www.infineon.com/ Follow us: Facebook - LinkedIn
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 8 - FINANCIAL INFORMATION According to IFRS – Unaudited The following financial data relates to the first quarter of the 2026 fiscal year ended 31 December 2025 and the corresponding prior quarter and prior year period. Condensed Consolidated Statement of Profit or Loss € in millions Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 Revenue 3,662 3,943 3,424 Cost of goods sold (2,200) (2,439) (2,081) Gross profit 1,462 1,504 1,343 Research and development expenses (626) (565) (544) Selling, general and administrative expenses (409) (401) (395) Other operating income 8 15 63 Other operating expenses (47) (99) (149) Operating profit 388 454 318 Financial income 17 17 27 Financial expenses (73) (81) (44) Share of profit (loss) of associates and joint ventures accounted for using the equity method 6 1 2 Profit (loss) from continuing operations before income taxes 338 391 303 Income taxes (82) (152) (60) Profit (loss) from continuing operations 256 239 243 Profit (loss) from discontinued operations, net of income taxes - (8) 3 Profit (loss) for the period 256 231 246 Attributable to: Shareholders and hybrid capital investors of Infineon Technologies AG 256 231 246 Earnings per share (in euro) attributable to shareholders of Infineon Technologies AG1 Weighted average shares outstanding (in million) – basic 1,302 1,302 1,299 Basic earnings per share (in euro) from continuing operations 0.19 0.18 0.18 Basic earnings per share (in euro) from discontinued operations - (0.01) - Basic earnings per share (in euro) 0.19 0.17 0.18 Weighted average shares outstanding (in million) – diluted 1,311 1,310 1,305 Diluted earnings per share (in euro) from continuing operations 0.19 0.18 0.18 Diluted earnings per share (in euro) from discontinued operations - (0.01) - Diluted earnings per share (in euro) 0.19 0.17 0.18 1 The calculation of earnings per share is based on unrounded figures. For the consideration of the compensation of hybrid capital investors when determining earnings per share, see “Reconciliation to adjusted earnings and adjusted earnings per share” on page 11.
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 9 - Condensed Consolidated Statement of Comprehensive Income € in millions Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 Profit (loss) for the period 256 231 246 Actuarial gains (losses) on pensions and similar commitments 40 28 15 Total items that will not be reclassified subsequently to profit or loss 40 28 15 Currency effects (1) (26) 702 Gains (losses) resulting from hedge accounting 3 30 1 Cost of hedging - 19 - Total items that may be reclassified subsequently to profit or loss 2 23 703 Other comprehensive income (loss), net of tax 42 51 718 Total comprehensive income (loss), net of tax 298 282 964 Attributable to: Shareholders and hybrid capital investors of Infineon Technologies AG 298 282 964 Revenue by region € in millions, except percentages Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 Europe, Middle East, Africa 771 21% 932 24% 758 22% therein: Germany 322 9% 392 10% 286 8% Asia-Pacific (excluding Japan, Greater China) 654 18% 639 16% 586 17% Greater China1 1,521 42% 1,532 39% 1,342 39% therein: Mainland China, Hong Kong 1,076 29% 1,144 29% 1,027 30% Japan 265 7% 344 9% 333 10% Americas 451 12% 496 12% 405 12% therein: USA 370 10% 403 10% 333 10% Total 3,662 100% 3,943 100% 3,424 100% 1 Greater China comprises Mainland China, Hong Kong and Taiwan.
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 10 - Revenues, Results and Margins of the Segments The Segment Result is defined as operating profit excluding specific net impairments and impairment reversals, the impact on earnings of restructuring and closures, share-based payment, acquisition-related depreciation/amortization and other expenses, the impact on earnings of sales of businesses or interests in subsidiaries, and other income (expenses). € in millions (unless otherwise stated) Q1 FY 2026 Q4 FY 2025 Change vs. previous quarter in % Q1 FY 2025 Change vs. previous year quarter in % Automotive Segment Revenue 1,821 1,921 (5) 1,752 4 Segment Result 403 430 (6) 343 17 Segment Result Margin (in %) 22.1% 22.4% 19.6% Green Industrial Power1 Segment Revenue 349 442 (21) 320 9 Segment Result 31 72 (57) 36 (14) Segment Result Margin (in %) 8.9% 16.3% 11.3% Power & Sensor Systems1 Segment Revenue 1,171 1,210 (3) 1,007 16 Segment Result 204 176 16 167 22 Segment Result Margin (in %) 17.4% 14.5% 16.6% Connected Secure Systems Segment Revenue 321 369 (13) 344 (7) Segment Result 23 45 (49) 30 (23) Segment Result Margin (in %) 7.2% 12.2% 8.7% Other Operating Segments Segment Revenue - 1 --- 1 --- Segment Result - - - - - Corporate and Eliminations Segment Revenue - - - - - Segment Result (6) (6) - (3) --- Infineon total Segment Revenue 3,662 3,943 (7) 3,424 7 Segment Result 655 717 (9) 573 14 Segment Result Margin (in %) 17.9% 18.2% 16.7% 1 The product line „Power Drivers & Signal ICs “, which was previously allocated to the Green Industrial Power segment, was reclassified to the Power & Sensor Systems segment with effect from 1 October 2025. The figures for the comparative periods have been adjusted accordingly.
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 11 - Reconciliation of Segment Result to operating profit € in millions Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 Segment Result: 655 717 573 Plus/minus: Certain reversal of impairments (impairments) (2) 5 (101) Gains (losses) from restructuring and closures (39) (84) (18) Share-based payment (88) (53) (49) Acquisition-related depreciation/amortization and other expenses (133) (130) (83) Other income and expenses (5) (1) (4) Total Non Segment Result (267) (263) (255) Operating profit 388 454 318 Reconciliation to adjusted earnings and adjusted earnings per share – diluted Earnings per share in accordance with IFRS® Accounting Standards (International Financial Reporting Standards) are influenced by, among other things, effects from the purchase price allocation for acquisitions (in particular the acquisition of Cypress and Marvell's Automotive Ethernet business), expenses for share-based compensation, and other exceptional items (e.g., from restructuring measures). To improve the comparability of operating performance over time and against competitors, Infineon calculates adjusted earnings per share (diluted) as follows: € in millions (unless otherwise stated) Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 Profit (loss) from continuing operations – diluted 256 239 243 Compensation of hybrid capital investors1 (4) (4) (7) Profit (loss) from continuing operations attributable to shareholders of Infineon Technologies AG – diluted 252 235 236 Plus/minus: Non Segment Result2 267 263 255 Acquisition-related expenses within financial result - 6 - Tax effect on adjustments (64) (52) (57) Adjusted profit (loss) for the period from continuing operations attributable to shareholders of Infineon Technologies AG – diluted 455 452 434 Weighted-average number of shares outstanding (in millions) – diluted 1,311 1,310 1,305 Adjusted earnings per share (in euro) from continuing operations – diluted3 0.35 0.34 0.33 1 Including the cumulative tax effect. 2 The calculation of the Non Segment Result can be found in the table "Reconciliation of Segment Result to operating profit". 3 The calculation of the adjusted earnings per share is based on unrounded figures. Adjusted profit (loss) for the period and adjusted earnings per share (diluted) are not substitutes for, or superior to, IFRS-based profit (loss) for the period or earnings per share (diluted) but should be regarded solely as supplementary information. Reconciliation to adjusted cost of goods sold and adjusted gross margin
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 12 - The cost of goods sold and the gross margin in accordance with IFRS are influenced by effects from the purchase price allocation for acquisitions (in particular the acquisition of Cypress and Marvell's Automotive Ethernet business), by expenses for share-based compensation and by other exceptional items. To improve the comparability of operating performance over time and against competitors, Infineon calculates the adjusted gross margin as follows: € in millions (unless otherwise stated) Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 Cost of goods sold 2,200 2,439 2,081 Plus/minus: Share-based payment (17) (8) (9) Acquisition-related depreciation/amortization and other expenses (92) (87) (52) Other income and expenses (4) (4) (3) Adjusted cost of goods sold 2,087 2,340 2,017 Adjusted gross margin (in %) 43.0% 40.7% 41.1% Adjusted cost of goods sold and the adjusted gross margin should not be seen as a replacement or superior performance indicator, but rather as additional information to cost of goods sold and the gross margin determined in accordance with IFRS. Number of employees 31 Dec 25 30 Sep 25 31 Dec 24 Infineon 57,280 57,077 58,008 Thereof: Research and development 14,314 13,998 13,343
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 13 - Condensed Consolidated Statement of Financial Position € in millions 31 Dec 25 30 Sep 25 ASSETS Cash and cash equivalents 1,236 1,356 Financial investments 613 746 Trade receivables 1,981 2,249 Inventories 4,485 4,141 Current income tax receivables 75 73 Contract assets 110 106 Other current assets 1,270 1,107 Assets classified as held for sale 60 45 Total current assets 9,830 9,823 Property, plant and equipment 8,309 8,142 Goodwill 7,845 7,849 Other intangible assets 3,238 3,274 Right-of-use assets 456 402 Investments accounted for using the equity method 106 100 Non-current income tax receivables 20 20 Deferred tax assets 255 250 Other non-current assets 679 610 Total non-current assets 20,908 20,647 Total assets 30,738 30,470 LIABILITIES AND EQUITY Short-term financial debt and current portion of long-term financial debt 1,047 1,047 Trade payables 2,081 2,011 Current provisions 475 660 Current income tax payables 351 331 Current lease liabilities 88 82 Current contract liabilities 51 71 Other current liabilities 1,600 1,566 Liabilities classified as held for sale 18 16 Total current liabilities 5,711 5,784 Long-term financial debt 5,782 5,782 Pensions and similar commitments 159 212 Deferred tax liabilities 144 133 Other non-current provisions 111 111 Non-current lease liabilities 352 305 Non-current contract liabilities 123 128 Other non-current liabilities 913 964 Total non-current liabilities 7,584 7,635 Total liabilities 13,295 13,419 Equity: Ordinary share capital 2,612 2,612 Capital reserve 6,937 6,886 Retained earnings 7,867 7,576 Other reserves (503) (505) Own shares / obligation to acquire own shares (77) (120) Hybrid capital 607 602 Total equity 17,443 17,051 Total liabilities and equity 30,738 30,470
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 14 - Condensed Consolidated Statement of Changes in Equity Other reserves € in millions Share capital Capital reserves Retained earnings Currency effects Hedges Cost of hedging Balance as of 1 October 2025 2,612 6,886 7,576 (543) 31 7 Total comprehensive income (loss), net of tax Profit (loss) for the period - - 251 - - - Other comprehensive income (loss), net of tax - - 40 (1) 3 - Total comprehensive income (loss), net of tax - - 291 (1) 3 - Transactions with owners Contributions by and distributions to owners Share-based payment - 91 - - - - Settlement of share-based payment - (42) - - - - Other contributions and distributions - 2 - - - - Total contributions by and distributions to owners - 51 - - - - Total transactions with owners - 51 - - - - Balance as of 31 December 2025 2,612 6,937 7,867 (544) 34 7 Balance as of 1 October 2024 2,612 6,763 6,978 (177) 25 2 Total comprehensive income (loss), net of tax Profit (loss) for the period - - 236 - - - Other comprehensive income (loss), net of tax - - 15 702 1 - Total comprehensive income (loss), net of tax - - 251 702 1 - Transactions with owners Contributions by and distributions to owners Share-based payment - 49 - - - - Other contributions and distributions - 3 - - - - Total contributions by and distributions to owners - 52 - - - - Total transactions with owners - 52 - - - - Balance as of 31 December 2024 2,612 6,815 7,229 525 26 2
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 15 - € in millions Own shares / obligation to acquire own shares Equity attributable to shareholders of Infineon Technologies AG Equity attributable to hybrid capital investors Total equity Balance as of 1 October 2025 (120) 16,449 602 17,051 Total comprehensive income (loss), net of tax Profit (loss) for the period - 251 5 256 Other comprehensive income (loss), net of tax - 42 - 42 Total comprehensive income (loss), net of tax - 293 5 298 Transactions with owners Contributions by and distributions to owners Share-based payment - 91 - 91 Settlement of share-based payment 42 - - - Other contributions and distributions 1 3 - 3 Total contributions by and distributions to owners 43 94 - 94 Total transactions with owners 43 94 - 94 Balance as of 31 December 2025 (77) 16,836 607 17,443 Balance as of 1 October 2024 (187) 16,016 1,203 17,219 Total comprehensive income (loss), net of tax Profit (loss) for the period - 236 10 246 Other comprehensive income (loss), net of tax - 718 - 718 Total comprehensive income (loss), net of tax - 954 10 964 Transactions with owners Contributions by and distributions to owners Share-based payment - 49 - 49 Other contributions and distributions - 3 - 3 Total contributions by and distributions to owners - 52 - 52 Total transactions with owners - 52 - 52 Balance as of 31 December 2024 (187) 17,022 1,213 18,235
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 16 - Condensed Consolidated Statement of Cash Flows € in millions Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 Profit (loss) for the period 256 231 246 Plus: profit (loss) from discontinued operations, net of income taxes - 8 (3) Adjustments to reconcile to cash flows from operating activities: Depreciation and amortization 478 484 487 Other expenses and income 224 253 226 Change in assets, liabilities and equity (434) 513 (251) Interests received and paid (39) (3) (14) Income taxes received (paid) (70) (106) (152) Cash flows from operating activities from continuing operations 415 1,380 539 Cash flows from operating activities from discontinued operations - 17 - Cash flows from operating activities 415 1,397 539 Proceeds from sales of (payments for the acquisition of) financial investments, net 132 (483) (306) Payments for the aquisition of subsidiaries or other businesses, net of cash acquired - (2,180) - Payments for the acquisition of other intangible assets (117) (77) (66) Payments for the acquisition of property, plant and equipment (465) (374) (665) Other investing activities (32) (25) (45) Cash flows from investing activities (482) (3,139) (1,082) Issuance of (repayment of) long-term financial debt and hybrid capital - 1,855 - Other financing activities (38) (29) (24) Cash flows from financing activities (38) 1,826 (24) Net change in cash and cash equivalents (105) 84 (567) Currency effects on cash and cash equivalents - (1) 15 Cash and cash equivalents reclassified as held for sale (15) (6) - Cash and cash equivalents at beginning of period 1,356 1,279 1,806 Cash and cash equivalents at end of period 1,236 1,356 1,254
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 17 - Key financial figures Free Cash Flow Infineon reports the Free Cash Flow figure, defined as cash flows from operating activities and cash flows from investing activities, both from continuing operations, after adjusting for cash flows from the purchase and sale of financial investments. Free Cash Flow serves as an additional performance indicator since a portion of Infineon’s liquidity is held in the form of financial investments. This does not imply that the Free Cash Flow calculated in this way, can be used for other expenditure, since dividends, debt service obligations, and other fixed payments have not yet been deducted. Free Cash Flow should not be considered as substitutes or superior performance indicator, but should be seen as additional information along with the cash flow presented in the Consolidated Statement of Cash Flows, other liquidity performance indicators and other performance indicators determined in accordance with IFRS. Free Cash Flow is derived from the Consolidated Statement of Cash Flows as follows: € in millions Q1 FY 2026 Q4 FY 2025 Q1 FY 2025 Cash flows from operating activities1 415 1,380 539 Cash flows from investing activities1 (482) (3,139) (1,082) Payments for the acquisition of (proceeds from sales of) financial investments, net (132) 483 306 Free Cash Flow (199) (1,276) (237) 1 From continuing operations. Gross Cash Position and Net Cash Position The following table shows the gross and net cash positions. Since Infineon holds some of its liquid funds in the form of financial investments that are not classified as cash and cash equivalents under IFRS, it reports both the gross and net cash positions to provide investors with a clearer picture of its overall liquidity situation. The gross and net cash positions are derived from the Consolidated Statement of Financial Position as follows: € in millions 31 Dec 25 30 Sep 25 31 Dec 24 Cash and cash equivalents 1,236 1,356 1,254 Financial investments 613 746 703 Gross cash position 1,849 2,102 1,957 Minus: Short-term financial debt and current portion of long-term financial debt 1,047 1,047 500 Long-term financial debt 5,782 5,782 4,443 Gross financial debt 6,829 6,829 4,943 Net cash position (4,980) (4,727) (2,986)
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Public / For the Business and Trade Press: INFXX202602-042e Andre Tauber (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan) +49 89 234 23888 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079 andre.tauber@infineon.com agnes.toan@infineon.com lin.zhu@infineon.com yasuyuki.kamiseki@infineon.com Investor Relations: +49 89 234 26655 investor.relations@infineon.com - 18 - Basis of presentation The condensed Consolidated Statement of Financial Position, the condensed Consolidated Statement of Profit or Loss, the condensed Consolidated Statement of Comprehensive Income, the condensed Consolidated Statement of Cash Flows and the condensed Consolidated Statement of Changes in Equity have been prepared in accordance with the IFRS, as adopted by the EU and in accordance with IAS 34 “Interim Financial Reporting”. The selected explanatory disclosure notes required by IAS 34 are not provided. In general the same accounting policies were applied as used for the Consolidated Financial Statements as of 30 September 2025. An exemption to this principle is the application of new or revised standards and interpretations that became effective during the year. The application of these new or revised standards and the adjusted accounting policy does not have any material impact on Infineon`s financial position, results of operations and cash flows. The Company`s Management Board prepared the condensed Consolidated Interim Financial Statements on 3 February 2026. D I S C L A I M E R The Quarterly Group Statement is prepared in accordance with the Frankfurt Stock Exchange’s stock exchange regulation 53 paragraph. The Quarterly Group Statement contains forward-looking statements about the business, financial condition and earnings performance of the Infineon Group. These statements are based on assumptions and projections resting upon currently available information and present estimates. They are subject to a multitude of uncertainties and risks. Actual business development may therefore differ materially from what has been expected. Beyond disclosure requirements stipulated by law, Infineon does not undertake any obligation to update forward-looking statements. Due to rounding, numbers presented throughout this Quarterly Group Statement and other reports may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. All figures mentioned in this Quarterly Group Statement are unaudited.