Infineon shares are climbing on the back of well-received earnings reports across the semiconductor sector. The stock surged nearly seven percent on Thursday, making it the top performer on the DAX. Rival STMicroelectronics posted quarterly results that beat market expectations, driven by a recovery in demand. Its shares jumped more than ten percent on the Paris Bourse at one point.

The STMicro report, combined with figures from Texas Instruments, is fueling optimism for Infineon as well, according to one trader. On Wednesday evening, U.S. semiconductor giant Texas Instruments issued a more upbeat outlook for the current quarter than anticipated. The company is benefiting from robust demand for its analog chips amid the data center boom. Its shares rose twelve percent in U.S. pre-market trading. Infineon is scheduled to present its own figures in early May. The group is targeting revenues of 1.5 billion euros in this segment for the 2025/2026 fiscal year, with plans to nearly double that figure to 2.5 billion euros the following year.

(Reported by: Daniela Pegna, edited by Christian Rüttger. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for corporate and markets).)