Logitech International ( (LOGI) ) has released its Q1 earnings. Here is a breakdown of the information Logitech International presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Logitech International, a Swiss company, specializes in designing software-enabled hardware solutions for businesses and consumers, focusing on areas such as gaming, video collaboration, and personal computing accessories.
Logitech has reported a robust start to its fiscal year 2026, with a 5% increase in sales, reaching $1.15 billion in the first quarter. The company’s strategic focus and strong demand across key categories have driven this growth, despite a slight decline in gross margins.
Key financial highlights include a 6% rise in GAAP operating income to $162 million and a 7% increase in GAAP earnings per share to $0.98. Non-GAAP figures show even stronger performance, with operating income up by 11% and earnings per share rising by 12%. Logitech also returned $122 million to shareholders through share repurchases, demonstrating its commitment to shareholder value.
Looking ahead, Logitech remains cautiously optimistic, projecting continued sales growth in the second quarter of fiscal year 2026, with expected sales between $1.145 billion and $1.190 billion. The company aims to maintain its focus on innovation and operational excellence to navigate the challenging economic environment.