First Quarter 2020 Summary Review
Net Revenues By Product Group (US$ m) | Q1 2020 | Q4 2019 | Q1 2019 | Q/Q | Y/Y |
Automotive and Discrete Group (ADG) | 753 | 924 | 903 | -18.4% | -16.6% |
Analog, MEMS and Sensors Group (AMS) | 852 | 1,085 | 552 | -21.5% | 54.3% |
Microcontrollers and Digital ICs Group (MDG) | 623 | 742 | 617 | -16.0% | 1.0% |
Others | 3 | 3 | 4 | - | - |
Total Net Revenues | 2,231 | 2,754 | 2,076 | -19.0% | 7.5% |
Net revenues totaled $2.23 billion, representing a year-over-year increase of 7.5%. On a year-over-year basis, the Company recorded higher sales of Imaging, Analog and Microcontrollers, partially offset by lower sales in Automotive, Power Discrete and Digital. Year-over-year sales to OEMs increased 22.5% and to Distribution decreased 21.4%. On a sequential basis, net revenues decreased 19.0%, about 5% below the mid-point of our outlook when entering the quarter as the COVID-19 outbreak and subsequent containment measures by governments around the world brought challenges in our manufacturing operations and, especially in the last few days of the quarter, logistics. All product group revenues declined on a sequential basis.