Infineon Technologies (IFNNY) , a German chipmaker whose customers include Apple (AAPL) and Samsung Electronics (SSNLF) , is expected to report robust revenue growth next week thanks to the release of the iPhone 7 and surging growth in demand for automotive semiconductors.

The Neubiberg-based company is scheduled to report fourth quarter and full year earnings results on Wednesday November 23.

A consensus of 31 analysts compiled by FactSet expects Infineon to report sales of €6.48 billion ($6.9 billion) for the 12 months through September 30, up 11.9% from a year earlier, compared with the company's guidance of between €6.37 billion and €6.6 billion. The analysts also expect Ebitda to jump 27% to €1.68 billion.

An analyst attributed the likely growth in the fourth quarter to demand from smartphone makers.

"The upside is expected to come mainly from the smartphone segment following strong sales of the iPhone 7 and Chinese smartphones," said Janardan Manon, an analyst with Liberum Capital. "Results are also expected to be supported by strength in auto demand, particularly in the Chinese and European markets."

Investors will also key on whether the company can continue to stay on its path of robust growth even as more rivals choose to expand through M&As, creating tougher competition to grab orders from customers in the electronics, automotive, and digital security space.

Infineon has continued to enjoy growth since 2013 and mostly recently booked an impressive 33% sales expansion in 2015. In the automotive semiconductor business, it competes head on with Dutch player NXP Semiconductors (NXPI) , which Qualcomm (QCOM) last month said would acquire, and Japan's Renesas Electronics RNECY, which announced the acquisition of Intersil (ISIL) in September.

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