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Home » Business, Policy & Funding » Business News » Illumina Braces for Second Quarter Slowdown Due to COVID-19

Illumina Braces for Second Quarter Slowdown Due to COVID-19

May 01, 2020
|
Andrew P. Han
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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.

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