JPMorgan Sees Infineon Beating Consensus With 2027 Targets as GaN Bet and Qualcomm Tie-Up Take Shape
Published on 11/08/2026 at 12:21 | Editorial boerse-global.de
JPMorgan is betting that Infineon Technologies will set its 2027 targets a touch above what the market currently expects. Analyst Sandeep Deshpande reaffirmed an "Overweight" rating and a €96 price target on Wednesday, ahead of the German chipmaker's earnings release — a call that hinges on guidance still to come rather than any forecast already on the table.
The numbers land on November 10, when Infineon reports fourth-quarter and full-year 2026 results. The company has provisionally scheduled publication for 7:30 CET. Deshpande's projection looks past that print to the targets for the year that follows.
A Rough Patch for Chip Stocks
The results will arrive after a broad sell-off in technology and semiconductor shares that swept up Infineon along with its peers. According to media reports, worries about the pace of AI data-centre buildout triggered the slide following the US midterm elections, with investors fretting that new political majorities could slow construction.
Friday brought a sector-wide rebound, and this time no fresh company news drove the move. Infineon shares climbed 1.8% to €45.85. JPMorgan, for its part, left both its rating and its price target untouched.
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Qualcomm Deal Targets the Software-Defined Vehicle
On the automotive front, Infineon said on November 2 that it is teaming up with Qualcomm Technologies on a cross-technology design concept for automated driving and digital cockpits. The blueprint pairs Qualcomm's Snapdragon Ride reference platforms with Infineon's microcontroller, security, connectivity and memory technologies, laying the groundwork for vehicle computers built on Snapdragon Ride.
Villach Bet Stretches to 2034
Longer-term spending plans centre on Villach, where Infineon on October 27 unveiled roughly €1.1 billion in investment. The company intends to build what it describes as the world's first high-volume production of GaN power semiconductors on 300-mm wafers, with output slated to begin by the end of 2027. The investment programme runs through 2034.
Austria has signalled up to €319 million in support under the European Chips Act. The European Commission approved the funding, though the money has been announced rather than reported as already disbursed. According to an APA report, Infineon does not expect the project to create new jobs in the near term; the aim is to safeguard existing positions instead.
Powering AI Racks and Filling Out the Calendar
Infineon's AI power ambitions got a concrete order on October 26, when it announced delivery of monolithic bidirectional 900-V GaN switches to Enphase Energy. Enphase plans to use the components in solid-state transformer power modules.
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Back in Germany, the company opened a new office and laboratory building in Warstein on October 28, designed for around 350 employees. The roughly 1,200 square metres of lab space will be devoted to developing power semiconductor modules.
A confirmed fixture on the corporate calendar is the electronica trade fair in Munich, where Infineon will exhibit from November 10 to 13.
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