Intel
Ticker: INTL
Performance in the past 12 months: -7%
"Fourth-quarter revenue of $18.7 billion was up 9%, but short of our expectations as a result of a dramatically weakening modem demand, lower overall growth in China, cloud service providers absorbing capacity, and a weakening NAND pricing environment," CFO Robert Holmes Swan told investors.
Swan added: "In October, we provided a preview of our outlook for 2019. At the time, we described a combination of tailwinds and headwinds that were balanced. The tailwinds were an expanded and growing TAM, product momentum, and business mix. The headwinds were tougher compares following an especially strong 2018, increasingly competitive environment and global trade. Since that time, trade and macro concerns, especially in China, have intensified."
Source: Bloomberg
Texas Instruments
Ticker: TXN
Performance in the past 12 months: -8%
"On a regional basis, demand in China was weaker than the other regions. End markets within China, though, behaved directionally consistent with the rest of the world," said David Pahl, head of Texas Instrument's investor relations.
"We are seeing signs from our customers and the channel that this weakness is primarily from increased caution due to trade tensions."
Source: Bloomberg
TE Connectivity
Ticket: TEL
Performance in the past 12 months: -24%
"During the first quarter, our order trends were below our expectations due to weaker global auto production and lower order levels in China in our Transportation and Communications segments," said CEO Terrence R. Curtin.
"Our overall orders in the first quarter were down 4% sequentially and on a year-over-year basis, total orders were down 6% with China orders declining over 20%."
Source: Bloomberg
Lam Research
Ticker: LRCX
Performance in the past 12 months: -16%
"The foundry segment declined quarter-over-quarter accounting for 13% of system revenue, mainly due to reduced China foundry investments," CFO Douglas R. Bettinger said.
"You may recall on the September call, I spoke about how strong that was and it declined somewhat in December."
Source: Bloomberg
Nvidia
Ticker: NVDA
Performance in the past 12 months: -44%
"Q4 was an extraordinary, unusually turbulent, and disappointing quarter," CEO Jensen Huang said in a filing.
"As we worked through Q4, the global economy decelerated sharply, particularly in China, affecting consumer demand for NVIDIA gaming GPUs. Also, with initial shipments of new high-end RTX GPUs selling above MSRP, some customers may have delayed their purchase while waiting for lower price points and further demonstrations of RTX technology in actual game."