Susquehanna cut Infineon target to EUR 85: Infineon stock gains 1.48 percent

Published on 10/23/2026 at 09:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached EUR 4.172 billion in fiscal third quarter 2026. Infineon stock costs EUR 50.62 on October 23, 2026, 1.48 percent above its EUR 49.88 Xetra close.

Target revision and earnings date

Susquehanna cut its Infineon target from EUR 100.00 to EUR 85.00 on October 21, 2026.
Third-quarter fiscal 2026 revenue reached EUR 4.172 billion, up 9.44 percent from the second quarter.
Infineon stock trades at EUR 50.62 at 9:32 a.m. CEST at Lang & Schwarz on October 23, 2026, 1.48 percent above the Xetra close of October 22, 2026.

Makroaufnahme einer Mikrochip-Oberfläche mit goldenen Bonddrähten — Infineon Technologies AG (DE0006231004) entwickelt Mikrochips, hier als eindrucksvolle Makroaufnahme einer Chip-Oberfläche mit Bonddrähten gezeigt, Illustration mit AI erstellt.

Infineon Technologies AG (ISIN DE0006231004) trades at EUR 50.62 at Lang & Schwarz on October 23, 2026, up 1.48 percent versus the October 22 Xetra close. Markets Insider reported that Susquehanna cut its Infineon target from EUR 100.00 to EUR 85.00 on October 21, 2026. The stock reaction is positive in early Xetra trading, but the lower target keeps valuation debate alive.

Target cut follows strong results

The target revision came ahead of Infineon's next report. The company delivered EUR 4.172 billion in revenue in the third quarter of fiscal 2026, up 9.44 percent from EUR 3.812 billion in the second quarter. Admirals also reported net income of EUR 423.00 million for the quarter, compared with EUR 301.00 million in the preceding quarter.

Three milestones shape the story

On September 16, 2026, Infineon agreed to sell its NOR Flash and F-RAM business to Winbond for USD 1.12 billion, according to Admirals. On October 15, 2026, the company announced a 200-millimeter silicon carbide wafer supply agreement with Wolfspeed, as stated by Infineon. The October 21, 2026 Susquehanna target cut was the latest of the three events.

What does the target cut mean?

The new EUR 85.00 target remains EUR 34.38 above the Lang & Schwarz price of EUR 50.62, a 67.94 percent premium calculated from the current euro quote. Susquehanna kept a Positive rating while pointing to only modest upside for the upcoming results and guidance, with artificial intelligence demand still an important driver, according to Markets Insider. For investors, the November outlook matters because the company has guided for fourth-quarter revenue of EUR 4.7 billion and fiscal-year revenue of EUR 16.3 billion.

Next reporting date

Infineon is scheduled to publish its fourth-quarter and full-year fiscal 2026 results on November 10, 2026, a preliminary date reported by Admirals. The release should provide the next test of the EUR 4.7 billion quarterly revenue guide and the company's artificial intelligence power outlook.

Stock rises before the next test

Infineon stock was trading at EUR 50.62 at Lang & Schwarz on October 23, 2026 at 9:32 a.m. CEST, 1.48 percent above the Xetra close of October 22, 2026 at EUR 49.88. The further course of trading is shown by the continuously updated real-time quote of Infineon stock.