Expected impact of the coronavirus on tech companies 2020

This statistic covers companies that have announced the impact they expect the coronavirus (COVID-19) to have on key financial performance indicators, and will be updated as more information becomes available. Many large technology companies have not provided detailed guidance on the expected impact. Microsoft, for example, declared in their FY20 Q3 earnings presentation that COVID-19 had minimal impact on its earnings to the end of March 2020, and that "the effects of COVID-19 may not be fully reflected in the financial results until future periods."

Technology companies that have provided guidance have stated they expect a reduction of anywhere from 30 and 80 million U.S dollars, while Apple's FY20 Q2 earnings were 4.7 billion U.S. dollars lower than the lower end of the guidance provided on January 28 2020. Logitech adjusted their profit outlook as a result of the coronavirus (COVID-19), to $365 million to $375 million in non-GAAP operating income, versus its previous guidance of $375 million to $385 million.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

Expected financial impact* of the coronavirus (COVID-19) on selected technology companies 2020

Characteristic	Downward revision in million U.S. dollars
Logitech*	10
Ciena	30
Marvell Technology	35.9
Nutanix	40
Agilent Technologies Inc	50
Qorvo Inc	50
Analog Devices	70
ON Semiconductor Corporation	80
Apple**	4,700

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Release date

April 2020

More information

Region

Worldwide

Survey time period

2020

Supplementary notes

*All figures reflect the expected revenue reduction with the exception of Logitech. Logitech expect a 10 million U.S. dollar reduction in non-GAAP operating income in fiscal year 2020.
**Apple's figure based on guidance issued on January 28, 2020 for expected earnings of 63 to 67 billion U.S. dollars in FY20 Q2, compared to the actual earnings of 58.3 billion U.S. dollars. Companies included in this statistic are those that have announced the impact they expect the coronavirus (COVID-19) to have on key performance indicators. Where ranges of expected reductions were initially published, the upper end of the range has been used.

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