Logitech shares slip after it pulls 2026 guidance

Logitech International SA

11/04/2025 08:13

** Shares in Logitech LOGN.S slip around 1% after the computer parts maker on Thursday withdrew its forecast for 2026, citing the continuing uncertainty around tariffs

** The Swiss-American company previously forecast FY sales to range from $4.53 billion to $4.71 billion for 2026

** Vontobel says Logitech generates around 1/3 of its revenues from customers in the U.S. and 40% of the products shipped to the U.S. were so far produced in China and the rest in Vietnam, Taiwan, Malaysia, Thailand and Mexico

** "The high applicable tariffs on products from China and the uncertainty on further tariffs from other countries will inevitably have an impact on gross margins," it says

** The company nevertheless reaffirmed its FY outlook for 2025

** The stock, which has lost 23% YTD up to Thursday's close, is among the worst performers of Switzerland's blue-chip index .SSMI

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))