Predicted financial impact of the coronavirus (COVID-19) on technology 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.