Logitech International (NASDAQ:LOGI) Releases Quarterly Earnings Results

Logitech International (NASDAQ:LOGI) released its quarterly earnings results on Tuesday. The technology company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.26 by $0.59, FiscalAI reports. Logitech International had a net margin of 16.28% and a return on equity of 37.90%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned $1.26 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis.

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

• Strong Q1 performance: Net sales grew 5% in constant currency, marking the tenth consecutive quarter of growth. Pointing devices, video collaboration, and gaming led results, while Logitech gained share across personal workspace, gaming, and video conferencing.
• Premium products and B2B demand supported momentum: The MX Master 4 and PRO X 2 SUPERLIGHT quickly became top-selling products, while video collaboration sales increased 9% as more companies refresh meeting spaces and adopt hybrid-work solutions.
• Underlying profitability and cash generation improved: Excluding CHF 61 million of tariff refunds, non-GAAP operating income rose 14% to CHF 229 million, with gross margin expanding to 44.8%. Operating cash flow increased more than 30%, and the company repurchased approximately CHF 115 million of shares.
• Supplier disruption is expected to weigh on near-term results: A semiconductor supplier’s facility remains closed, with an estimated CHF 20 million revenue impact in Q2 and up to CHF 200 million in Q3. Logitech expects Q2 revenue growth of 0%-3% and operating income of CHF 185 million-CHF 210 million, while targeting resolution by Q4.
• Full-year profitability remains near the high end of the long-term target range: Management expects the underlying business to maintain demand momentum and full-year non-GAAP operating margin near the upper end of its 15%-18% target, although increased R&D and sales and marketing investment will reduce margins versus the prior year.

Logitech International Trading Down 1.4%

Shares of Logitech International stock traded down $1.49 during trading hours on Thursday, reaching $101.50. 1,038,876 shares of the company’s stock were exchanged, compared to its average volume of 1,186,905. Logitech International has a 52-week low of $83.32 and a 52-week high of $129.66. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 4.67 and a beta of 1.17. The company has a fifty day moving average of $106.34 and a 200-day moving average of $98.46.

Logitech International Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd will be issued a $1.36 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a yield of 126.0%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Barclays cut their price target on Logitech International from $105.00 to $101.00 and set an “equal weight” rating for the company in a report on Wednesday. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Wedbush decreased their price objective on Logitech International from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley cut their target price on shares of Logitech International from $89.00 to $88.00 and set an “underweight” rating for the company in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Logitech International has a consensus rating of “Hold” and an average price target of $108.29.

Trending Headlines about Logitech International

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

• Positive Sentiment: Logitech reported fiscal Q1 2027 adjusted earnings of $1.85 per share, well above the $1.26 consensus estimate, while revenue rose 7% year over year to approximately $1.23 billion. Results benefited from a U.S. tariff refund, stronger demand for premium devices and a favorable product mix. Reuters report on Logitech earnings
• Positive Sentiment: Profitability improved substantially, with reported data showing higher gross and operating profit, a 61% increase in net income and stronger operating cash flow. The company also ended the quarter with approximately $1.75 billion in cash. Quiver Quantitative earnings summary

Hedge Funds Weigh In On Logitech International

Several institutional investors have recently added to or reduced their stakes in LOGI. Quarry LP purchased a new position in Logitech International during the third quarter worth about $30,000. CIBC Private Wealth Group LLC increased its stake in shares of Logitech International by 61.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock valued at $46,000 after acquiring an additional 173 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after acquiring an additional 165 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Logitech International during the 4th quarter worth about $91,000. Finally, New Vernon Capital Holdings II LLC acquired a new stake in shares of Logitech International in the third quarter worth approximately $138,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Company Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.