Logitech International Q3 Results: Sales guidance tops $1.314 billion estimate

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Logitech (LOGN) shares fell 12.4% pre-market after a mixed earnings report. Q2 FY2027 beat estimates but Q3 outlook was cautious due to semiconductor supply chain disruptions, guiding for flat to 5% lower net sales. Q2 revenue was $1.22B, up 3% YoY, with EPS of $1.51. Q3 gross margin is expected to decline due to higher costs.

Logitech (LOGI) anticipates Q3 net sales to decline 5% YoY due to a $70-$80M supplier incident impact and Middle East conflict. Gross margin is expected to drop by 200 basis points to 41%-42% due to rising costs and promotional spending. Tablet accessories sales fell 30% YoY, and EMEA sales declined 6% YoY. Operating expenses grew faster than sales, with no specific timeline for revenue growth acceleration.

Logitech (LOGI) reported Q2 2027 net sales of $1.2B, up 3% YoY, with video collaboration and gaming driving growth. Despite a 20% decline in global PC shipments, pointing devices and keyboards grew mid-single digits. The company introduced 15 new gaming products, including the PRO X3 SUPERSTRIKE mouse. Non-GAAP gross margin was 45.2%, and operating income margin was 18.9%.

Logitech International (LOGI) reported Q2 earnings, highlighting 7% gaming sales growth, 4% growth in pointing devices and keyboards, and a 30% decline in tablet accessories. The company expects Q3 sales to decline 5% to remain flat, citing supply chain issues. LOGI generated $164M in operating cash flow and ended the quarter with $1.5B in cash.

Logitech (LOGN) reported 2% Q2 sales growth in constant currency, driven by video collaboration and gaming, but offset by supply disruptions and regional weaknesses. Q3 guidance includes a $70M–$80M supply impact and lower gross margins, while FY2027 operating margin is expected at the high end of its long-term range, according to the company.