Skyworks Solutions Inc. became the latest Apple Inc. supplier to warn of negative impacts from the novel coronavirus epidemic Wednesday, joining the smartphone giant itself and a number of other supply-chain partners.
Semiconductor company Skyworks SWKS,
“Although COVID-19 has caused no significant disruption within Skyworks’ manufacturing operations to date, the current demand environment for our products has been negatively impacted by interruptions in global supply chains,” Chief Executive Liam Griffin said in the release, referring to the disease brought on by the novel coronavirus that originated in Wuhan, China late last year.
Read: What Apple, Microsoft, GE and other U.S. companies are saying about the coronavirus outbreak
The company’s estimated revenue impact from the coronavirus is similar to what fellow Apple AAPL,
“We expect that Skyworks is seeing exactly the same effects,” Raymond James analyst Chris Caso said in a note to clients. He assumes that “slower end demand follows the supply chain disruptions that occurred this quarter.”
Apple itself told investors on Feb. 17 that it didn’t expect to meet its quarterly revenue forecast of $ 63 billion to $ 67 billion due to the outbreak. Chief Executive Tim Cook said on Fox Business last week that factories in China are now “in ramp” as the coronavirus situation starts to improve in the country..
Qorvo and Skyworks are hardly the first of Apple’s suppliers to comment on what impacts the coronavirus could have on their financial performance. Drawing from Apple’s annual list of top suppliers, here is a sampling of what others have disclosed in recent weeks.
Amphenol APH,
Analog Devices Inc. ADI,
The chairman of Foxconn Technology Group, which assembles devices for Apple, remarked earlier this week that the company expects its factories to return to their seasonal levels in March if the outbreak doesn’t get worse, according to a Wall Street Journal report. One problem the company had faced was a limited workforce, as some employees were subject to lockdowns and couldn’t make it to work as China attempted to control the spread of the virus.
Executives from circuit maker Maxim Integrated Products Inc. MXIM,
“The company acknowledges increased uncertainty and the potential for disruption,” Moore wrote in a summary of the conversation. “That said, Maxim highlighted that outside of optical and [battery management solutions], it has less exposure to Chinese [original equipment manufacturers] and also has no manufacturing footprint (front end or back end).”
Microchip Technology Inc. MCHP,
NXP Semiconductors NV NXPI,