According to MoneyDJ, the semiconductor company AMD announced in the first quarter earnings report that COVID-19 may reduce the company's 2020 revenue growth.

According to the financial report, AMD's first-quarter revenue was 1.79 billion US dollars, a 40% increase from the 1.27 billion US dollars in the same period of the previous year, and a 16% decrease from the 2.13 billion US dollars in the previous quarter; 16 million US dollars increased by 912.5%, compared with the previous quarter's net profit of 170 million US dollars, non-GAAP gross profit margin increased 5% to 46% annually.

Looking forward to this quarter (April-June), AMD predicts that Q2 revenue will be between 1.75 and 1.95 billion US dollars (median value is 1.85 billion US dollars, an annual increase of 21% and a quarterly increase of 4%), mainly due to Ryzen, Driven by sales growth of EPYC series processors.

In addition, the non-GAAP gross margin is expected to reach 44% this quarter. The reason why it is lower than Q1 value is because the new generation of semi-customized products are initially put into production.

Looking forward to 2020, affected by the COVID-19 epidemic that will weaken consumer demand in the second half of the year, AMD predicts that the annual revenue growth rate will be between 20% -30%, and non-GAAP gross profit margin will reach 45%. Previously, AMD originally predicted that the annual revenue growth rate in 2020 is expected to be between 28% and 30%, and the non-GAAP gross profit margin is 45%.