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

Logitech International (NASDAQ:LOGI) issued its quarterly earnings data on Tuesday. The technology company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.17, FiscalAI reports. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. Logitech International had a net margin of 16.28% and a return on equity of 37.30%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 earnings per share.

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 Price Performance

Shares of Logitech International stock traded up $0.41 on Thursday, reaching $98.68. The company had a trading volume of 335,459 shares, compared to its average volume of 1,088,514. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 4.08 and a beta of 1.14. Logitech International has a 1 year low of $83.32 and a 1 year high of $129.66. The firm’s 50-day moving average price is $102.01 and its two-hundred day moving average price is $99.72.

Key Logitech International News

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

• Positive Sentiment: Logitech reported fiscal second-quarter adjusted earnings of $1.51 per share, above the $1.34 consensus estimate, while revenue reached $1.22 billion versus expectations of $1.21 billion. Revenue increased 2.8% year over year, helped by gaming and conferencing products. Logitech Announces Q2 Fiscal Year 2027 Results
• Positive Sentiment: Logitech’s quarterly profit rose and exceeded analyst expectations, providing evidence that demand remains resilient in key product categories. Logitech International SA Q2 Profit Rises
• Positive Sentiment: Barclays raised its price target from $101 to $110, suggesting some analysts view the post-earnings decline as excessive, although it maintained an “equal weight” rating. Barclays Logitech rating
• Neutral Sentiment: Logitech filed its fiscal second-quarter Form 10-Q with the SEC, providing the detailed financial disclosures underlying the reported results. Logitech Files Quarterly Report on Form 10-Q
• Neutral Sentiment: The company also announced a supply-chain initiative involving 17 key suppliers, which may support longer-term resilience and sustainability but does not resolve the immediate disruption. Logitech supplier initiative
• Negative Sentiment: A chip-supplier incident disrupted product availability and is expected to weigh most heavily on fiscal third-quarter results, including the holiday selling period. This prompted weaker near-term expectations and overshadowed the earnings beat. Logitech weak holiday guidance
• Negative Sentiment: Investors are concerned that GAAP earnings, margins and free cash flow were weaker than the headline adjusted EPS result, increasing doubts about earnings quality and profitability. Why Logitech Stock Crashed After Earnings
• Negative Sentiment: Morgan Stanley raised its target from $90 to $94 but kept an “underweight” rating, indicating continued caution about LOGI’s valuation and outlook. Morgan Stanley Logitech rating

Analyst Upgrades and Downgrades

LOGI has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on Logitech International from $90.00 to $94.00 and gave the company an “underweight” rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Logitech International from $102.00 to $94.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Wedbush lowered their price objective on Logitech International from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, Barclays upped their price objective on Logitech International from $101.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.29.

Insider Transactions at Logitech International

In other Logitech International news, insider Samantha Harnett sold 16,265 shares of the company’s stock in a transaction on 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 transaction, the insider owned 37,097 shares of the company’s stock, valued at $3,759,780.95. This represents a 30.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.15% of the stock is currently owned by insiders.

About Logitech International

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.