Logitech lifts quarterly sales 3% and tops profit expectations

what happened

According to Reuters, the Swiss peripherals maker's preliminary second-quarter sales grew 3%, slightly ahead of analyst forecasts. Adjusted earnings per share rose 4% and beat consensus. The company returned $406 million to shareholders through its annual dividend and share buybacks.

Growth came from the Americas, video collaboration and gaming, while higher gross margins helped operating income exceed the company's internal plan. TradingView, citing an SEC filing, reports sales of $1.219 billion and a non-GAAP gross margin of 45.2%.

For the third quarter, the company expects revenue of $1.36 billion to $1.43 billion and a $70 million to $80 million hit from a supplier incident.

why it matters

The key issue for investors is the guidance. Third-quarter sales could decline in constant currency, and the supplier disruption will weigh on shipments for a time. Strong margins and cost control support the shares, but the near-term picture remains uncertain.

market impact

Logitech shares: strong profit against weaker sales guidance creates mixed pressure

• ↔Logitech shares mixed — profit and margin beat offset by weaker third-quarter revenue outlook

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