Investing.com -- 英飞凌（ETR:IFXGn）周二预测，2027财年营收将达到约200亿欧元，略高于分析师预期，因AI数据中心电力需求将使增长提升逾20%，但其现金流指引远低于预期，因为大规模产能投资仍在继续。
Investing.com -- IInfineon (ETR:IFXGn) on Tuesday forecast fiscal 2027 revenue of about €20 billion, a touch above analyst expectations, as AI data center power demand lifts growth by more than 20%, but its cash flow guidance fell well short of forecasts as heavy capacity spending continues.
自由现金流预计约为18亿欧元，而分析师预期为22.6亿欧元；调整后自由现金流预计约为22亿欧元，而预期为27.4亿欧元。
Free cash flow is forecast at about €1.8 billion versus analyst expectations of €2.26 billion, and adjusted free cash flow at about €2.2 billion versus €2.74 billion.
营收预测与分析师预期的198.1亿欧元相比。计划投资30亿至35亿欧元，主要用于德累斯顿、古晋和菲拉赫的生产，而预期为30.1亿欧元。
The revenue forecast compares with the €19.81 billion analysts expected. Planned investments of €3 billion to €3.5 billion, mainly for production in Dresden, Kulim and Villach, compare with €3.01 billion expected.
数据中心电源营收预计将达到近40亿欧元。调整后毛利率应在40%中后段区间，分部业绩利润率在20%中段区间。
Revenue from data center power supplies is projected to reach close to €4 billion. Adjusted gross margin should be in the mid-to-high 40s percentage range and segment result margin in the mid-20s percentage range.
营收预计将在汽车领域以中等双位数百分比增长，在边缘系统领域以低双位数百分比增长，而电源系统增速应显著快于集团整体营收。
Revenue is expected to rise by a mid-teens percentage in automotive and a low-teens percentage in edge systems, while power systems should grow significantly faster than group revenue.
对于2027财年第一季度，英飞凌预计营收约46亿欧元，分部业绩利润率约23%，而第四季度分别为47.1亿欧元和23.8%。
For the first quarter of fiscal 2027, Infineon expects revenue of about €4.6 billion and a segment result margin of about 23%, compared with €4.71 billion and 23.8% in the fourth quarter.
公司称该展望为“显著好于寻常的季节性”。营收预计将在汽车和电源系统领域保持稳定，在边缘系统领域温和下滑。
It called the outlook "significantly better-than-usual seasonality." Revenue is expected to stay stable in automotive and power systems and decline moderately in edge systems.
第四季度营收为47.1亿欧元，与分析师预期的47.1亿欧元一致。分部业绩为11.2亿欧元，高于预期的11亿欧元，利润率为23.8%，高于预期的23.3%。
In the fourth quarter, revenue was €4.71 billion, in line with the €4.71 billion analysts expected. Segment result was €1.12 billion versus €1.10 billion expected, a margin of 23.8% versus 23.3%.
期内利润为5.32亿欧元，低于预期的6.77亿欧元；来自持续经营的每股摊薄收益为0.40欧元，低于预期的0.52欧元。
Profit for the period was €532 million versus €677 million expected, and diluted earnings per share from continuing operations were €0.40 versus €0.52.
调整后每股摊薄收益为0.60欧元，低于预期的0.64欧元。报告毛利率为41.8%，低于预期的43.2%，而调整后毛利率为45.1%，高于预期的44.9%。
Adjusted diluted earnings per share were €0.60 versus €0.64 expected. Reported gross margin was 41.8% versus 43.2% expected, while adjusted gross margin was 45.1% versus 44.9%.
非分部业绩为亏损3.44亿欧元，而第三季度为亏损2.03亿欧元；其中1.55亿欧元为销货成本。
Non-segment result was -€344 million, versus -€203 million in the third quarter; €155 million of it was cost of goods sold.
英飞凌将在2027年2月的股东大会上提议每股派发0.38欧元股息，较上次增加0.03欧元。
Infineon will propose a dividend of €0.38 per share, up €0.03, at its February 2027 shareholder meeting.
上述预测不包括英飞凌将存储业务出售给华邦电子的交易；若该交易完成，将为2027财年自由现金流增加多达10亿欧元。
The forecast excludes the sale of Infineon’s memory business to Winbond, which would add up to €1 billion to fiscal 2027 free cash flow if it closes.