SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

November 9, 2007

QIMONDA AG

Gustav-Heinemann-Ring 212
D-81739 Munich
Federal Republic of Germany
Tel: +49-89-60088-0
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F þ     Form 40-F o

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o     No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                    .

 

 

This Report on Form 6-K contains a press release of Qimonda AG dated as of November 9, 2007, announcing results for its fourth quarter and year ended September 30, 2007.

News Release — Presseinformation

Qimonda Reports Results for the Fourth Quarter and Financial Year 2007

Munich, Germany — November 8, 2007 — Qimonda AG (NYSE: QI) today announced results for the fourth quarter and financial year (FY) 2007, which ended September 30, 2007. Net sales were Euro 711 million in the fourth quarter of FY 2007, a decline of 4 percent from Euro 740 million in the third quarter of FY 2007 and a decline of 42 percent from Euro 1.23 billion in the fourth quarter of FY 2006. Fourth quarter FY 2007 EBIT was a loss of Euro 258 million compared to an EBIT loss of Euro 323 million in the third quarter of FY 2007 and positive EBIT of Euro 215 million in the fourth quarter of FY 2006. Net loss in the fourth quarter was Euro 265 million, or a loss per share (basic and diluted) of Euro 0.77, compared to a net loss of Euro 218 million in the third quarter of FY 2007, or a loss per share (basic and diluted) of Euro 0.64, and net income of Euro 156 million in the fourth quarter of FY 2006, or earnings per share (basic and diluted) of Euro 0.48.

For FY 2007, Qimonda’s net sales were Euro 3.61 billion, a decrease of 5 percent compared to FY 2006. EBIT for FY 2007 was a loss of Euro 246 million compared to positive EBIT of Euro 213 million for FY 2006. Net loss in FY 2007 amounted to Euro 249 million, or loss per share (basic and diluted) of Euro 0.73, compared to a net income of Euro 74 million, or earnings per share (basic and diluted) of Euro 0.24, in the previous financial year.

“During our fourth quarter, price pressure continued in the DRAM industry with spot and contract prices declining to new lows,” said Kin Wah Loh, President and CEO of

For the Business and Trade Press

Public Relations		Name		Phone		E-mail
Worldwide Headquarters		Michael Kraft		+49 89 60088 1400		michael.kraft@qimonda.com
		Ralph Heinrich		+49 89 60088 1300		ralph.heinrich@qimonda.com
U.S.A.		Donna Wilson		+1 408 501 7188		donna.wilson@qimonda.com
Asia		Isabel Chen		+886 2 8170 8177		isabel.chen@qimonda.com
Japan		Kenichi Sugiyama		+81 3 5745 7495		kenichi.sugiyama@qimonda.com
Investor Relations Worldwide		Steve Harrison		+1 919 677 6904		steve.harrison@qimonda.com
Investor Relations Europe & Asia		Andreas Schaller		+49 89 60088 1200		andreas.schaller@qimonda.com

Page 2 of 7 November 8, 2007

Qimonda AG. “In light of these difficult market conditions, we have accelerated our efforts to increase productivity and reduce costs. We curtailed our capital expenditures and operating expenses in the fourth quarter even more than originally planned, and on the productivity front, we are confident that we will have more than 50 percent conversion to 80nm and 75nm in December 2007. However, there is more to be done. We are pursuing a number of initiatives to drive further cost efficiencies and revenue growth across our operations. These plans include accelerating our conversion rate to 75 percent by March 2008, and we have already agreed with our manufacturing partners on the steps necessary to reach this goal. In addition, we are focusing on increasing R&D efficiencies for further cost savings. We expect all these measures to further drive down our cost per bit over the coming quarters.”

In the fourth quarter, Qimonda realized bit-shipment growth of 33 percent compared to the corresponding period one year earlier, but net sales decreased mainly due to a 53 percent decline in average selling prices compared with the prior year quarter as well as a weaker U.S. dollar. Compared with the third financial quarter, bit-shipments were stable, but net sales decreased due to a slight decline in average selling prices and a weaker U.S. dollar. In FY 2007, Qimonda increased bit-shipments by 44 percent compared to FY 2006, but net sales decreased mainly due to a 29 percent decline of average selling prices as well as a weaker U.S. dollar.

Gross margin improved quarter over quarter due to cost reductions and the absence of additional inventory write downs in the fourth quarter. Year over year, gross margins and net income for the fourth quarter decreased due to the significant decline in average selling prices and a weaker U.S. dollar, resulting in a net loss in the fourth quarter of FY 2007. Net loss increased quarter over quarter primarily due to a small tax

For the Business and Trade Press

Public Relations		Name		Phone		E-mail
Worldwide Headquarters		Michael Kraft		+49 89 60088 1400		michael.kraft@qimonda.com
		Ralph Heinrich		+49 89 60088 1300		ralph.heinrich@qimonda.com
U.S.A.		Donna Wilson		+1 408 501 7188		donna.wilson@qimonda.com
Asia		Isabel Chen		+886 2 8170 8177		isabel.chen@qimonda.com
Japan		Kenichi Sugiyama		+81 3 5745 7495		kenichi.sugiyama@qimonda.com
Investor Relations Worldwide		Steve Harrison		+1 919 677 6904		steve.harrison@qimonda.com
Investor Relations Europe & Asia		Andreas Schaller		+49 89 60088 1200		andreas.schaller@qimonda.com

Page 3 of 7 November 8, 2007

expense in the fourth quarter compared to a tax benefit in the third quarter from a recovery of tax expense in prior quarters. The net loss in the fourth quarter includes a tax expense of Euro 25 million due to the revaluation of deferred tax assets following the German Business Tax Reform Act 2008 as well as additional valuation allowances that reduced recorded tax benefits resulting from incurred losses. For the full financial year, gross margin decreased and the net loss was mainly due to the decline in average selling prices as well as the weaker U.S. dollar. These effects could not be offset by higher bit-shipments year-over-year and improved manufacturing productivity.

At the end of FY 2007, the company’s gross cash position was Euro 1 billion and its net cash position was Euro 707 million. These figures reflect proceeds of Euro 156 million from a sale-leaseback transaction Qimonda closed in September 2007 involving 200mm equipment in its Richmond facility. For FY 2007, Qimonda recorded capital expenditures of Euro 879 million and achieved positive free cash flow of Euro 266 million.

In the fourth quarter of FY 2007, cash flow from operations increased to Euro 211 million compared to Euro 45 million in the third quarter FY 2007, mainly due to improvements in working capital. Capital expenditures were Euro 278 million, mainly for the further expansion of the Richmond 300mm wafer manufacturing facility and equipment upgrades for the further conversion to 75nm and smaller DRAM technologies. In the fourth quarter of FY 2007, Qimonda achieved positive free cash flow of Euro 90 million, including the effect of the sale-leaseback transaction.

In the fourth quarter of FY 2007, Qimonda generated 32 percent of its net sales in North America, 16 percent in Europe, 40 percent in Asia Pacific and 12 percent in Japan.

For the Business and Trade Press

Public Relations		Name		Phone		E-mail
Worldwide Headquarters		Michael Kraft		+49 89 60088 1400		michael.kraft@qimonda.com
		Ralph Heinrich		+49 89 60088 1300		ralph.heinrich@qimonda.com
U.S.A.		Donna Wilson		+1 408 501 7188		donna.wilson@qimonda.com
Asia		Isabel Chen		+886 2 8170 8177		isabel.chen@qimonda.com
Japan		Kenichi Sugiyama		+81 3 5745 7495		kenichi.sugiyama@qimonda.com
Investor Relations Worldwide		Steve Harrison		+1 919 677 6904		steve.harrison@qimonda.com
Investor Relations Europe & Asia		Andreas Schaller		+49 89 60088 1200		andreas.schaller@qimonda.com

Page 4 of 7 November 8, 2007

Outlook
In the first quarter of FY 2008, Qimonda expects its bit production to grow approximately 5 percent quarter over quarter, mainly based on productivity improvements from the ongoing conversion to 80nm and 75nm technologies, and including the effects of reducing 200mm capacities.

For FY 2008, Qimonda expects bit demand for DRAM to be driven by continued solid growth in graphics, consumer and communication applications and the move to higher density modules in the PC market. Qimonda estimates an increase in its bit production for FY 2008 of about 50 percent. Qimonda expects its share of bit-shipments to non-PC applications to be greater than 50 percent for the full financial year.

Unaudited Financial Information
Attached is Qimonda’s unaudited financial information for the fourth quarter and its 2007 financial year, which ended September 30, 2007. This financial information includes reconciliations of the non-US GAAP financial measures EBIT, net cash position and free cash flow to net income, gross cash position and cash flow from operations, respectively, which are the closest measures prepared in accordance with US GAAP. Financial information as of dates before and for periods beginning before May 1, 2006 is derived from Qimonda’s combined financial statements prepared in accordance with its carve-out from Infineon, effective on that date.

Conference Call
The company will host a conference call today at 4:30pm EST, 1:30pm PST, 9:30pm GMT, and 10:30pm CET to discuss its financial results. The web cast and slide presentation will be available at www.qimonda.com. A webcast replay will be available

For the Business and Trade Press

Public Relations		Name		Phone		E-mail
Worldwide Headquarters		Michael Kraft		+49 89 60088 1400		michael.kraft@qimonda.com
		Ralph Heinrich		+49 89 60088 1300		ralph.heinrich@qimonda.com
U.S.A.		Donna Wilson		+1 408 501 7188		donna.wilson@qimonda.com
Asia		Isabel Chen		+886 2 8170 8177		isabel.chen@qimonda.com
Japan		Kenichi Sugiyama		+81 3 5745 7495		kenichi.sugiyama@qimonda.com
Investor Relations Worldwide		Steve Harrison		+1 919 677 6904		steve.harrison@qimonda.com
Investor Relations Europe & Asia		Andreas Schaller		+49 89 60088 1200		andreas.schaller@qimonda.com

Page 5 of 7 November 8, 2007

for a limited time on the company’s web site. An audio replay of the conference call will also be available at phone number +1 718 354 1112 (US), +44 (0)20 7806 1970 (UK), +49 (0)69 22222 0418 (Germany), +81 (0)3 3570 8212 (Japan), pass code: 3664198 #, beginning at 6:30pm EST today and continuing until 5:59pm EST on November 11, 2007.

About Qimonda
Qimonda AG (NYSE: QI) is a leading global memory supplier with a broad diversified DRAM product portfolio. The company generated net sales of Euro 3.61 billion in its 2007 financial year and has approximately 13,500 employees worldwide. Qimonda has access to five 300mm manufacturing sites on three continents and operates five major R&D facilities. The company provides DRAM products for a wide variety of applications, including in the computing, infrastructure, graphics, mobile and consumer areas, using its power saving technologies and designs. Further information is available at www.qimonda.com.

Disclaimer
This press release contains forward-looking statements based on assumptions and forecasts made by Qimonda management and third parties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and speak only as of the date they are made. We undertake no obligation to update any of them in light of new information or future events. These forward-looking statements involve inherent risks and are subject to a number of uncertainties, including trends in demand and prices for semiconductors generally and for our products in particular, the success of our development efforts, both alone and with our partners, the success of our efforts to introduce new production processes at our facilities and the actions of our competitors, the availability of funds for planned expansion efforts and the outcome of antitrust investigations and litigation matters, as well as other factors. We caution you that these and a number of other known and unknown risks, uncertainties and other factors could cause actual future results, or outcomes to differ materially from those expressed in any forward-looking statement. These factors include those identified under the heading “Risk Factors” in our most recent Annual Report on Form 20-F and our Prospectus Supplement, dated September 21, 2007, available without charge on our website and at www.sec.gov.

For the Business and Trade Press

Public Relations		Name		Phone		E-mail
Worldwide Headquarters		Michael Kraft		+49 89 60088 1400		michael.kraft@qimonda.com
		Ralph Heinrich		+49 89 60088 1300		ralph.heinrich@qimonda.com
U.S.A.		Donna Wilson		+1 408 501 7188		donna.wilson@qimonda.com
Asia		Isabel Chen		+886 2 8170 8177		isabel.chen@qimonda.com
Japan		Kenichi Sugiyama		+81 3 5745 7495		kenichi.sugiyama@qimonda.com
Investor Relations Worldwide		Steve Harrison		+1 919 677 6904		steve.harrison@qimonda.com
Investor Relations Europe & Asia		Andreas Schaller		+49 89 60088 1200		andreas.schaller@qimonda.com

Page 6 of 7 November 8, 2007

Qimonda AG and Subsidiaries
Unaudited Financial Information
Fourth Quarter and Year Ended 30.09.2007
All amounts in Euro millions, except where otherwise stated

		3 Months				3 Months				3 Months				12 Months				12 Months
		Sep 30				June 30				Sep 30				Sep 30				Sep 30
		Q4 FY 2007				Q3 FY 2007				Q4 FY 2006				FY 2007				FY 2006
		(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
RESULTS OF OPERATIONS
Total net sales			711				740				1,232				3,608				3,815
Cost of goods sold			(818	)			(964	)			(890	)			(3,390	)			(3,048	)
Gross (loss) profit			(107	)			(224	)			342				218				767
Research and development expense			(110	)			(98	)			(108	)			(401	)			(433	)
Selling, general and administrative expense			(59	)			(48	)			(54	)			(199	)			(215	)
Other operating income (expense), net			11				4				(47	)			18				(60	)
Operating (loss) income			(265	)			(366	)			133				(364	)			59
Interest income (expense), net			3				1				(3	)			7				(25	)
Equity in earnings of associated companies			14				38				42				117				80
Gain on associated company share issuance			—				—				42				—				72
Other non-operating (expense) income, net			(5	)			6				(1	)			7				8
Minority interests			(2	)			(1	)			(1	)			(6	)			(6	)
income (loss) before income taxes			(255	)			(322	)			212				(239	)			188
Income tax (expense) benefit			(10	)			104				(56	)			(10	)			(114	)
Net (loss) income			(265	)			(218	)			156				(249	)			74
Earnings (loss) per share — basic and diluted (in euro)			(0.77	)			(0.64	)			0.48				(0.73	)			0.24
FINANCIAL POSITION
Assets:
Current assets:
Cash and cash equivalents			746				629				932				746				932
Marketable securities			265				263				138				265				138
Trade accounts receivable, net			341				364				803				341				803
Inventories			619				600				622				619				622
Deferred income taxes			32				27				47				32				47
Other current assets			254				302				265				254				265
Total current assets			2,257				2,185				2,807				2,257				2,807
Property, plant and equipment, net			2,186				2,129				2,080				2,186				2,080
Long-term investments, net			628				681				636				628				636
Restricted cash			—				—				—				—				—
Deferred income taxes			147				200				160				147				160
Other assets			163				169				178				163				178
Total assets			5,381				5,364				5,861				5,381				5,861
Liabilities and shareholders’ equity:
Current liabilities:
Short-term debt and current maturities			77				21				344				77				344
Trade accounts payable			756				679				712				756				712
Accrued liabilities			147				146				160				147				160
Deferred income taxes			5				18				18				5				18
Other current liabilities			259				242				245				259				245
Total current liabilities			1,244				1,106				1,479				1,244				1,479
Long-term debt			227				128				151				227				151
Deferred income taxes			23				34				36				23				36
Other liabilities			370				288				324				370				324
Total liabilities			1,864				1,556				1,990				1,864				1,990
Total shareholders’ equity			3,517				3,808				3,871				3,517				3,871
Total liabilities and shareholders’ equity			5,381				5,364				5,861				5,381				5,861

For the Business and Trade Press

Public Relations		Name		Phone		E-mail
Worldwide Headquarters		Michael Kraft		+49 89 60088 1400		michael.kraft@qimonda.com
		Ralph Heinrich		+49 89 60088 1300		ralph.heinrich@qimonda.com
U.S.A.		Donna Wilson		+1 408 501 7188		donna.wilson@qimonda.com
Asia		Isabel Chen		+886 2 8170 8177		isabel.chen@qimonda.com
Japan		Kenichi Sugiyama		+81 3 5745 7495		kenichi.sugiyama@qimonda.com
Investor Relations Worldwide		Steve Harrison		+1 919 677 6904		steve.harrison@qimonda.com
Investor Relations Europe & Asia		Andreas Schaller		+49 89 60088 1200		andreas.schaller@qimonda.com

Page 7 of 7 November 8, 2007

Qimonda AG and Subsidiaries
Unaudited Financial Information
Fourth Quarter and Year Ended 30.09.2007
All amounts in Euro millions, except where otherwise stated

		3 Months				3 Months				3 Months				12 Months				12 Months
		Sep 30				June 30				Sep 30				Sep 30				Sep 30
		Q4 FY 2007				Q3 FY 2007				Q4 FY 2006				FY 2007				FY 2006
		(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
CASH FLOW
Net cash provided by operating activities			211				45				265				980				326
therein:
Depreciation and amortization			170				164				179				666				703
Net cash used in investing activities			(123	)			(238	)			(76	)			(847	)			(801	)
therein:
Net (purchases) proceeds of marketable securities			(2	)			(1	)			30				(133	)			(138	)
Purchases of property, plant and equipment			(278	)			(236	)			(115	)			(879	)			(686	)
Net cash (used in) provided by financing activities			36				(48	)			307				(307	)			773
therein:
Net change in short-term debt due Infineon			—				(48	)			(109	)			(344	)			(163	)
RECONCILIATIONS
Net (loss) income			(265	)			(218	)			156				(249	)			74
Interest income (expense), net			3				1				(3	)			7				(25	)
Earnings (loss) before Interest (EBI)			(268	)			(219	)			159				(256	)			99
Income tax (expense) benefit			(10	)			104				(56	)			(10	)			(114	)
Earnings (loss) before Interest and Taxes (EBIT)			(258	)			(323	)			215				(246	)			213
Cash and cash equivalents			746				629				932				746				932
Marketable securities			265				263				138				265				138
Gross Cash position			1,011				892				1,070				1,011				1,070
Short-term debt and current maturities			77				21				344				77				344
Long-term debt			227				128				151				227				151
Total financial debt			304				149				495				304				495
Net Cash (debt) position			707				743				575				707				575
Total shareholders’ equity			3,517				3,808				3,871				3,517				3,871
Capital Employed			2,810				3,065				3,296				2,810				3,296
Net cash provided by operating activities			211				45				265				980				326
Net cash used in investing activities			(123	)			(238	)			(76	)			(847	)			(801	)
Net purchases (proceeds) of marketable securities			2				1				(30	)			133				138
Free Cash Flow			90				(192	)			159				266				(337	)
STATISTICS AND RATIOS
Gross Margin			(15	)%			(30	)%			28	%			6	%			20	%
R&D as % of sales			15	%			13	%			9	%			11	%			11	%
SG&A as % of sales			8	%			6	%			4	%			6	%			6	%
EBI / Sales			(38	)%			(30	)%			13	%			(7	)%			3	%
EBIT Margin			(36	)%			(44	)%			17	%			(7	)%			6	%
Net income / Sales			(37	)%			(29	)%			13	%			(7	)%			2	%
Effective Tax Rate			(4	)%			32	%			27	%			(4	)%			61	%
Weighted Average Shares Outstanding (million) — basic			342				342				324				342				306
Sales / Equity			0.8				0.8				1.3				1.0				1.0
Capital Turnover (Sales / Capital Employed)			1.0				1.0				1.5				1.3				1.2
Net income / Equity ratio			(30	)%			(23	)%			16	%			(7	)%			2	%
ROCE (EBI / Capital Employed)			(38	)%			(29	)%			19	%			(9	)%			3	%

For the Business and Trade Press

Public Relations		Name		Phone		E-mail
Worldwide Headquarters		Michael Kraft		+49 89 60088 1400		michael.kraft@qimonda.com
		Ralph Heinrich		+49 89 60088 1300		ralph.heinrich@qimonda.com
U.S.A.		Donna Wilson		+1 408 501 7188		donna.wilson@qimonda.com
Asia		Isabel Chen		+886 2 8170 8177		isabel.chen@qimonda.com
Japan		Kenichi Sugiyama		+81 3 5745 7495		kenichi.sugiyama@qimonda.com
Investor Relations Worldwide		Steve Harrison		+1 919 677 6904		steve.harrison@qimonda.com
Investor Relations Europe & Asia		Andreas Schaller		+49 89 60088 1200		andreas.schaller@qimonda.com

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.