Logitech International (NASDAQ:LOGI) Releases Earnings Results, Beats Expectations By $0.17 EPS

Logitech International (NASDAQ:LOGI) announced its earnings results on Tuesday. The technology company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17, FiscalAI reports. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. Logitech International’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS.

Here are the key takeaways from Logitech International’s conference call:

• Positive Sentiment: Logitech delivered its 11th consecutive quarter of year-over-year sales growth, with Q2 revenue up 2% in constant currency and non-GAAP operating income reaching $231 million, ahead of expectations.
• Positive Sentiment: Growth was led by video collaboration (+12%), gaming (+7%), and pointing devices and keyboards (+4% each). The company gained significant market share in mice and keyboards despite a roughly 20% decline in global PC shipments.
• Positive Sentiment: Non-GAAP gross margin rose to a strong 45.2%, supported by premium product mix, manufacturing diversification, lower tariff costs, and favorable currency; management expects full-year operating margin at the high end of its 15%-18% long-term range.
• Negative Sentiment: A semiconductor supplier incident is expected to reduce Q3 sales by $70 million-$80 million, while rising component, freight, and logistics costs are projected to push Q3 gross margin down to 41%-42%.
• Neutral Sentiment: Management remains optimistic about demand in video collaboration, enterprise, gaming, and premium peripherals, but expects regional and product volatility, including weakness in EMEA, webcams, and tablet accessories, as well as greater holiday promotions and continued supply constraints.

Logitech International Stock Down 10.2%

NASDAQ:LOGI opened at $100.46 on Wednesday. The business’s 50-day moving average price is $102.01 and its two-hundred day moving average price is $99.71. The stock has a market cap of $14.73 billion, a P/E ratio of 18.51 and a beta of 1.14. Logitech International has a twelve month low of $83.32 and a twelve month high of $129.66.

Key Stories Impacting Logitech International

Here are the key news stories impacting Logitech International this week:

• Positive Sentiment: Logitech reported fiscal second-quarter earnings of $1.51 per share, ahead of the $1.34 consensus estimate, while revenue increased 2.8% year over year to $1.22 billion, slightly exceeding expectations. Logitech Announces Q2 Fiscal Year 2027 Results
• Positive Sentiment: Growth in gaming and conferencing products supported the quarter, helping Logitech deliver a year-over-year increase in earnings despite only modest overall revenue growth. Logitech beats profit forecast as sales of gaming, conferencing products rise
• Neutral Sentiment: Management issued a third-quarter outlook following the results. Investors are likely to compare the forecast with the company’s longer-term growth and margin expectations. Logitech International Fiscal Q2 Non-GAAP Earnings, Revenue Rise; Issues Q3 Outlook
• Neutral Sentiment: A group of 10 analysts had a consensus price target of approximately $104.14, suggesting limited upside from the stock’s recent trading range. Ten analysts set a USD 104.14 consensus for Logitech stock
• Negative Sentiment: Shares fell sharply after the report, with Logitech losing roughly $2 billion in market value. Analysts cited profit-taking and concerns that margins may be under pressure, overshadowing the better-than-expected profit and revenue figures. Logitech sheds $2 billion market cap as margin concerns overshadow profit beat

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LOGI. Wedbush lowered their target price on Logitech International from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Bank of America downgraded shares of Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 price target for the company. in a research report on Tuesday, June 30th. JPMorgan Chase & Co. cut their price objective on shares of Logitech International from $102.00 to $94.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Wall Street Zen upgraded Logitech International from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Barclays lowered their price target on shares of Logitech International from $105.00 to $101.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Logitech International presently has a consensus rating of “Hold” and an average price target of $104.14.

Insider Buying and Selling at Logitech International

In other news, insider Samantha Harnett sold 16,265 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $101.35, for a total value of $1,648,457.75. Following the completion of the sale, the insider owned 37,097 shares of the company’s stock, valued at approximately $3,759,780.95. The trade was a 30.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.15% of the company’s stock.

Logitech International Company Profile

Logitech International designs and manufactures hardware and software that connect people to digital devices and support communication, collaboration, content creation and gaming. Its products are sold under the Logitech brand and are used by consumers, businesses, educators, gamers and other professional users worldwide.

The company’s portfolio includes computer mice and keyboards, webcams, headsets, microphones, speakers, video-conferencing systems, presentation tools and gaming peripherals.