Management is becoming more pessimistic about the PC business and expects losses in the lower double-digit percentage range. USD 6.6 billion to USD 6.9 billion is the internal target for sales, while analysts expect USD 6.8 billion in consensus. The Americans were cautious with the forecasts for the third quarter. AMD's quarterly profit fell 37% to USD 447 million but was justified by write-downs related to the Xilinx acquisition. By contrast, Intel's revenue from the comparable division was down 16% to USD 4.6 billion last quarter.

AMD sales in its data center chip business climbed 83% to USD 1.5 billion. At the same time, the results remained below analysts' estimates, which expected revenues of USD 6.8 billion. Source: S&P Capital IQ Pro, as of Īdvanced Micro Devices also posted the highest revenue in the Company's history in the second quarter. Shares from the chip sector suffered from the massive correction in the technology sector in the first half of the year. US investment bank Goldman Sachs reiterated its 'buy' rating on Infineon after the quarterly figures, with a price target of EUR 36.50. At EUR 1.4 billion, free cash flow is expected to be EUR 300 million higher than previously forecast. Infineon is now targeting sales of around EUR 14 billion and a segment profit margin of more than 23%. In addition, the Neubiberg-based Company is again becoming more optimistic for its final quarter and raised its forecast for the third time this year after presenting its figures.

Analysts had on average expected sales of EUR 3.42 billion and segment earnings of EUR 727 million. Sales amounted to EUR 3.6 billion, and the operating margin was 23.3%. Operating profit for April to June was EUR 842 million, up 11% on the previous quarter's figure of EUR 761 million. That is because, in contrast to the US, Germany's largest semiconductor manufacturer was able to increase both sales and margins with its results for the third quarter of 2021/2022. As explained in the report, the weak results of the former market leader Intel were probably homemade and not transferable to the broad peer group. The industry can breathe a sigh of relief.

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