Infineon Technologies AG
5-year stock timeline
Infineon Technologies (IFX.XETRA) — current price 64.64 as of 2026‑05‑20.
Major events (2020–2026)
Infineon closed the acquisition of Cypress Semiconductor in April 2020 for approximately €9bn, substantially expanding its microcontroller, connectivity and systems-solutions capabilities and reshaping the company's scale and addressable markets.
Leadership transitions and capacity expansion followed. Jochen Hanebeck's appointment as CEO and related management changes anchored a multi‑year integration effort, while the company committed to significant investment increases to meet growing automotive and industrial demand.
The company benefited from the global chip shortage and structural demand in electromobility and renewables, reporting FY2023 revenue of around €16.31bn. However, as consumer and select automotive end markets softened, management trimmed forward guidance.
Investor narrative evolution
Between 2020 and 2021, the investment thesis shifted from power-semiconductor specialist to a broader growth story centered on systems and microcontrollers following the Cypress acquisition. This repositioned Infineon within the top 10 semiconductor players and elevated investor expectations across a wider addressable market.
From 2021 through 2022, investors viewed Infineon primarily as a capacity beneficiary of the chip shortage, with a growth and capex narrative. Management's signals of stepped-up investment sustained materially higher sentiment during this period.
By 2023, the framing had evolved to "structural growth in automotive and green energy, tempered by cyclical risk." Results demonstrated strength in electromobility and renewables, yet guidance trims and weakening consumer demand introduced a more measured perspective through 2025.
Key technical and chart phases (approximate)
From 2020 through 2021, the stock exhibited pronounced uptrends and multiple rallies tied to the Cypress deal, pandemic supply constraints and bullish capacity messaging. Valuation expanded and momentum accelerated.
Between 2022 and 2023, semiconductor cyclicality and macro rotations introduced volatility and extended consolidation. Episodic recoveries emerged when Infineon demonstrated resilience in automotive and energy segments.
Since 2024 through mid-2026, management guidance cuts and softer end-market conditions have applied renewed downside pressure. The stock has traded range-bound at lower levels, settling at 64.64 as of 2026‑05‑20.
Key risks and downside factors
Infineon holds a strong position in automotive and power semiconductors, competing head-to-head with NXP and Texas Instruments in powertrains, microcontrollers and secure connectivity. The competitive landscape has intensified as STMicroelectronics, Renesas and ON Semiconductor push pricing and capacity in SiC, discretes and MCU markets. The company faces meaningful headwinds: its heavy dependence on automotive, the race for SiC capacity and roadmap credibility, margin compression from lower-cost competitors, and exposure to supply-chain and geopolitical disruption.
- Automotive concentration risk — a downturn in vehicle production or loss of OEM design wins would significantly reduce revenue.
- SiC capacity and roadmap competition — rivals are scaling SiC production and securing new OEM partnerships, which could pressure both Infineon's market share and margins.
- Margin pressure from lower-cost Chinese suppliers and vertically integrated competitors in discretes and power devices.
- Geopolitical friction and supply-chain exposure through export controls, fabrication constraints, or cross-border tensions that could disrupt production or customer reach.
Competitive landscape
Infineon faces direct competition from larger players like NXP Semiconductors and STMicroelectronics in microcontrollers, power management, and automotive systems. The company's risk picture centers on supply-chain fragility—component shortages remain a persistent threat—alongside an accelerating technology battle in silicon-carbide and gallium-nitride power devices. Add to that customers increasingly building their own semiconductor capabilities and the inherent cyclicality of automotive and industrial demand, and you have a company navigating some genuine structural headwinds.
| Company | Ticker |
|---|---|
| NXP Semiconductors | NXPI.NASDAQ |
Private competitors
- Navitas Semiconductor
- Cambridge GaN Devices
- SiliConch
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Start Free TrialPerformance Figures of Infineon Technologies AG
Relative Performance vs Benchmarks
| Period | Infineon Technologies AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +34.68% | +34.44% | +31.15% |
| 3M | +42.11% | +44.38% | +34.62% |
| 6M | +105.51% | +99.52% | +93.54% |
| 1Y | +92.20% | +90.37% | +67.02% |
| 3Y | +84.77% | +34.39% | +2.63% |
| 5Y | +112.19% | +53.64% | +22.86% |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 77.6 | 5.6 | 5.1 | 29.4 |
| 1Y ago | 54.8 | 3.0 | 2.6 | 13.0 |
| 3Y ago | 16.7 | 3.0 | 3.1 | 12.2 |
| 5Y ago | 91.4 | 4.0 | 3.8 | 15.4 |
Frequently Asked Questions
Where is the Infineon Technologies AG stock traded?
What does Infineon Technologies AG do?
What are the key metrics for IFX.XETRA?
How has Infineon Technologies AG's stock price performed?
How is IFX.XETRA valued?
Does IFX.XETRA pay dividends?
What are the key risks when investing in IFX.XETRA?
- Automotive concentration risk — a downturn in vehicle production or loss of OEM design wins would significantly reduce revenue.
- SiC capacity and roadmap competition — rivals are scaling SiC production and securing new OEM partnerships, which could pressure both Infineon's market share and margins.
- Margin pressure from lower-cost Chinese suppliers and vertically integrated competitors in discretes and power devices.
- Geopolitical friction and supply-chain exposure through export controls, fabrication constraints, or cross-border tensions that could disrupt production or customer reach.
Who are the main competitors of Infineon Technologies AG?
- NXP Semiconductors (NXPI.NASDAQ)
When does Infineon Technologies AG report earnings?
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 0.35 EUR | 0.76% | 1.24% |
| 2025 | 0.35 EUR | 0.91% | |
| 2024 | 0.35 EUR | 1.06% | |
| 2023 | 0.32 EUR | 0.89% | |
| 2022 | 0.27 EUR | 0.84% | |
| 2021 | 0.22 EUR | 0.62% | |
| 2020 | 0.27 EUR | 1.24% | |
| 2019 | 0.27 EUR | 1.37% | |
| 2018 | 0.25 EUR | 1.12% | |
| 2017 | 0.22 EUR | 1.27% | |
| 2016 | 0.20 EUR | 1.74% | |
| 2015 | 0.18 EUR | 1.76% | |
| 2014 | 0.12 EUR | 1.55% | |
| 2013 | 0.12 EUR | 1.83% | |
| 2012 | 0.12 EUR | 1.59% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 14.66B | 14.96B | 16.31B | 14.22B | 11.06B |
| Operating income (EBIT) | 2.04B | 2.54B | 4.07B | 3.07B | 1.30B |
| Net income | 1.01B | 1.30B | 3.14B | 2.18B | 1.17B |
| Free cash flow | 1.42B | 61.00M | 966.00M | 1.67B | 1.57B |
| Total assets | 30.47B | 28.64B | 28.44B | 26.91B | 23.33B |
| Equity | 17.05B | 17.22B | 17.04B | 14.94B | 11.40B |
| Net debt | 5.86B | 3.36B | 3.29B | 4.61B | 5.17B |
PWP Leeway UG (haftungsbeschränkt)
