NXP lowers Q1 revenue forecast on coronavirus impact

Paul van Gerven
Leestijd: 1 minuut

NXP expects its first-quarter revenue to be 50 to 150 million dollars lower due to the coronavirus. The actual impact of the virus is hard to predict, however, said CEO Richard Clemmer in a statement. Currently, the accumulated damage is about 50 million dollars, but order levels have recovered in the last two weeks. For the 150 million dollar scenario to become a reality, orders would need to drop again. At the beginning of February, NXP guided for Q1 revenue of 2,195 to 2,255 million dollars.

Meanwhile, the Eindhoven chipmaker has implemented travel restrictions to prevent the spread of the virus among employees. Staff is also advised to avoid all large gatherings, such as conferences, and to work at home when starting to feel a bit under the weather.

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