Logitech Q2 sales rise 3%, helped by gaming segment; adjusted EPS beats

Logitech international

27/10/2026 20:15

Overview
Switzerland computer peripherals maker's preliminary Q2 sales rose 3%, a slight beat of analyst expectations
Adjusted EPS for Q2 increased 4%, beating analyst consensus
Company returned $406 mln to shareholders via annual dividend and share repurchases

Outlook
Logitech sees Q3 FY27 sales of $1.36 bln to $1.43 bln
Company expects Q3 FY27 non-GAAP operating income of $220 mln to $255 mln
Logitech expects supplier incident to impact Q3 sales by $70 mln to $80 mln, mostly resolved by Q4

Result Drivers
AMERICAS, VIDEO COLLABORATION AND GAMING - Co said topline growth was supported by growth in the Americas region, Video Collaboration and Gaming segments
STRONG GROSS MARGINS - Co said higher gross margins contributed to non-GAAP operating income exceeding internal outlook
COST MANAGEMENT - Co said rigorous cost management continued while funding targeted investments for growth

Company press release: ID:nBw5qvNPva

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Beat*
$1.22 bln
$1.21 bln (10 Analysts)
Q2 Adjusted EPS
Beat
$1.51
$1.26 (10 Analysts)
Q2 EPS
 
$1.25
 
Q2 Adjusted Operating income
Beat
$231 mln
$203.28 mln (10 Analysts)
Q2 Operating income
 
$201 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy."
Wall Street's median 12-month price target for Logitech international S.A. is CHF95.00, about 3.3% above its October 27 closing price of CHF91.96
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

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Oct 27 - Temenos raises full-year profit outlook on "continued momentum"

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)