Infineon Technologies AG shares rose over 4% on Thursday after NXP Semiconductor posted stronger‑than‑expected results.
NXP reported automotive segment meeting guidance, projected high‑single‑digit sequential Q2 growth and a midpoint gross margin of 58%.
Morgan Stanley analysts said SDV strength isn’t fully priced into Infineon, hinting at FY guidance upgrade and higher GM% from MCU gains.
Analysts view the upbeat NXP results as a positive signal for the automotive chip market, supporting Infineon’s outlook.