Logitech Announces Q1 Fiscal Year 2027 Results

(Auszug aus der Pressemitteilung)

SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the first quarter of Fiscal Year 2027.

• Sales were $1.23 billion, up 7 percent in US dollars and 5 percent in constant currency, compared to Q1 of the prior year.
• GAAP gross margin was 49.5 percent, up 780 basis points, compared to Q1 of the prior year. Non-GAAP gross margin was 49.8 percent, up 770 basis points, compared to Q1 of the prior year. These numbers include $61 million in tariff refunds.
• GAAP operating income was $259 million, up 60 percent, compared to Q1 of the prior year. Non-GAAP operating income was $290 million, up 44 percent, compared to Q1 of the prior year. These numbers include $61 million in tariff refunds.
• GAAP earnings per share (EPS) was $1.63, up 66 percent compared to Q1 of the prior year. Non-GAAP EPS was $1.85, up 47 percent compared to Q1 of the prior year.
• Cash flow from operations was $167 million. The quarter-ending cash balance was $1.75 billion.
• The Company returned $114 million of cash to shareholders through share repurchases.

“We delivered a strong first quarter against a dynamic backdrop,” said Hanneke Faber, Logitech chief executive officer. “Superior innovation and stronger brand marketing drove strong growth across core categories, including double-digit growth in Pointing Devices.”

„Our teams demonstrated excellent operational discipline to start the fiscal year,“ said Matteo Anversa, Logitech chief financial officer. „While our reported results benefited from tariff refunds, our operational performance was impressive even excluding these refunds, with non-GAAP operating income growing 14 percent year over year. Strong gross margin resilience allowed us to exceed our operating income outlook and generate robust cash flow while funding our growth investments.“

Outlook

Our financial outlook for the second quarter of Fiscal Year 2027:

Longer-term Perspectives

While Logitech is not issuing a formal full-year FY27 outlook, demand momentum from Q1 is expected to carry into the remainder of the year.

However, in late June 2026, a serious incident in the manufacturing facilities of one of Logitech’s semiconductor suppliers resulted in its temporary closure, which is likely to impact the Company’s ability to effectively meet future demand. The Company is working on multiple mitigation plans.

The midpoint of the Q2 outlook contemplates growth despite a Q2 headwind of approximately $20 million in net sales caused by this supplier incident.

For Q3, based on limited available information, the negative impact of the supplier incident is estimated to be up to $200 million in net sales. The incident is estimated to be largely resolved by Q4, which would mean little to no impact to Q4 results.

As for profitability, the Company continues to expect full-year non-GAAP operating margin to track near the high end of the 15-18 percent long-term target range, helped by strong operating performance and this quarter’s tariff refunds.