Six companies expect an increase in 2Q sales while 15 companies anticipate flat or declining sales.

As part of its May Update to the 2020 McClean Report, IC Insights compiled a list of semiconductor companies that have provided 2Q20 sales guidance. The list included companies from across all geographic regions and all product categories.

Because of uncertainty regarding the impact of Covid-19 on business in the second half of this year, many semiconductor companies have not provided full year 2020 guidance.  However, several provided an outlook for 2Q20 (Figure 1).  Of those that issued quarterly guidance, most expanded the range of their projections to be wider than normal due to uncertainty surrounding the impact of the coronavirus pandemic.  The numbers shown in Figure 1 represent the mid-point of the guidance.

Collectively, the 21 companies on the list anticipate a sequential sales decline of 5% in the second quarter of 2020.  Despite tentative economic conditions, six companies expect to see their sales rise in 2Q, and 15 anticipate a sales decline.
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