Logitech withdraws 2026 forecast amid tariff uncertainty (updated)

Logitech International SA

10/04/2025 22:21

Adds details from statement and background throughout

April 10 (Reuters) -
Computer parts maker Logitech International LOGN.S on Thursday withdrew its 2026 forecast, citing continued uncertainty stemming from U.S. President Donald Trump's trade policies.

The Swiss-American company, which makes products such as keyboards, mouse and webcams, previously forecast
fiscal year 2026
 sales to range from $4.53 billion to $4.71 billion.

However, the company maintained its 2025 sales forecast. For the year, it expects sales to grow between 5.4% and 6.4% to $4.54 billion to $4.57 billion.

Trump
last week
 had imposed a 31% tariff on imports from Switzerland compared with 20% on goods from the European Union. Shares of Logitech dropped to a 17-month low following the announcement.

In a
stunning reversal
, Trump on Wednesday said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China.

Trump's
decision to hit Switzerland
 with steeper tariffs than most of Europe was a major shock to the export-oriented country, pushing it towards the European Union as it scrambled to contain the fallout.

 (Reporting by Harshita Meenaktshi in Bengaluru; Editing by Maju Samuel)

 ((HarshitaMeenaktshi.R@thomsonreuters.com;))