Infineon slightly raises outlook for profitability after strong Q3

FILE PHOTO: A general view of Infineon Technologies, a semiconductor producer, before a ceremony for Infineon's Smart Power Fab, in Dresden, Germany, May 2, 2023. REUTERS/Matthias Rietschel/File photo

BERLIN (Reuters) -German chipmaker Infineon slightly raised its full-year guidance for its segment result margin on Tuesday after its quarterly figure beat forecasts despite ongoing tariff uncertainties and a weaker dollar.

Infineon reported a segment result margin - management's preferred measure of operating profitability - of 18% for its fiscal third quarter from April to June, beating the forecast for 15.8%.