Display Equipment Revenues Rise 6% Q/Q in Q2’20 Based on Survey of 35 Suppliers
We have finalized our look at the financial results for 35 publicly traded display equipment suppliers in our Quarterly Display Supply Chain Financial Health Report and found that revenues grew 6% Q/Q to $1.76B. Due to COVID-19, travel restrictions and quarantines, it was a tough quarter. But display equipment companies managed to grow. On a Y/Y basis, revenues were down 20% and were down for the 6th straight quarter. However, we are expecting to see Q/Q AND Y/Y growth in Q3’20 and Q4’20 as tools not fully installed in 1H’20 are recognized in 2H’20 along with an already expected to be strong 2H’20.