NEW YORK – Illumina officials warned investors this week that the firm's second quarter 2020 revenues would be down significantly compared to both the previous and the year-ago quarter.
"We expect Q2 to be an extremely challenging quarter with revenue declining sequentially in each region, albeit more modestly in China," Illumina CEO Francis deSouza said on a conference call on Thursday to discuss the firm's first quarter results. Illumina expects to see the biggest revenue decline in the Americas, Illumina CFO Sam Samad added.