Logitech (LOGN) AI Stock Analysis

• Market Cap: CHF13.92B
• Dividend Yield: 1.3%
• Average Volume (3M): 504.93K
• Price to Earnings (P/E): 26.3
• Beta (1Y): 1.42
• Revenue Growth: 0.81%
• EPS Growth: -5.64%
• Country: CH
• Employees: 7,300
• Sector: Technology
• Sector Strength: 88
• Industry: Computer Hardware
• EPS (TTM): 1.17
• Shares Outstanding: 160,784,450
• 10 Day Avg. Volume: 592,141
• 30 Day Avg. Volume: 504,933
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF98.44
• Price Target Upside: -0.20% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 77 Outperform
• Price Target: CHF101.00 ▲(2.39% Upside)

Logitech's overall stock score reflects strong financial performance and positive technical indicators, supported by a robust earnings call. The company's solid profitability and strategic growth initiatives are significant strengths. However, the high P/E ratio and challenges in the U.S. market present valuation concerns. Despite these, Logitech remains well-positioned in the computer hardware industry.

Positive Factors

Product Innovation

Introducing new products like the MX Master 4 mouse showcases Logitech's commitment to innovation, potentially driving future revenue growth and strengthening its competitive position in the peripherals market.

Geographical Expansion

Significant growth in Asia Pacific indicates successful geographical expansion, which diversifies revenue streams and reduces dependency on saturated markets, enhancing long-term growth prospects.

B2B Market Growth

Growing demand in the B2B segment, especially in video collaboration, positions Logitech well to capitalize on the increasing need for business solutions, supporting sustained revenue growth.

Negative Factors

Americas Sales Decline

A decline in sales in the Americas, driven by a weaker gaming market, could hinder overall revenue growth and reflects challenges in maintaining market share in a key region.

U.S. Consumer Market Uncertainty

Uncertainty in the U.S. consumer market, especially in gaming, poses risks to revenue stability and may require strategic adjustments to address shifting consumer preferences.

Tariff and Inflation Concerns

Ongoing tariff and inflation issues could increase operational costs and pressure margins, potentially affecting profitability and requiring strategic cost management.

Logitech Business Overview & Revenue Model

Company Description

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that connect people to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices. It also provides keyboards, mice, headsets, and simulation products, such as steering wheels and flight sticks for gamers; video conferencing products, such as ConferenceCams, which combine enterprise-quality audio and high-definition video to bring video conferencing to businesses of any size; webcams and headsets that turn desktop into collaboration space; and controller for video conferencing room solutions. In addition, the company offers portable wireless Bluetooth and Wi-Fi connected speakers, mobile speakers, PC speakers, PC headsets, microphones, in-ear headphones, and wireless audio wearables; home entertainment controllers, and home security cameras. Its channel network includes consumer electronics distributors, retailers, e-tailers, mass merchandisers, specialty stores, computer and telecommunications stores, value-added resellers, and online merchants. The company sells its products under the Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones, Ultimate Ears, and Jaybird brands. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.

How the Company Makes Money

Logitech generates revenue primarily through the sale of its hardware products, which include a wide range of peripherals for computers and mobile devices. The company’s revenue model is predominantly based on direct sales through retail and online channels, as well as partnerships with major electronics retailers and e-commerce platforms. Key revenue streams include consumer electronics, gaming products, and business solutions for video collaboration. Notably, Logitech has formed strategic partnerships with software companies and platforms, enhancing its ecosystem of products and boosting sales. Additionally, the company benefits from a growing trend towards remote work and gaming, which has increased demand for its products.

Logitech Financial Statement Overview

Summary

Logitech demonstrates a solid financial performance with strong profitability margins and a robust balance sheet. The company effectively manages its costs and maintains low leverage, providing financial stability. While revenue growth is modest, the company continues to generate healthy returns on equity. The decline in free cash flow growth is a point of concern, but overall, Logitech is well-positioned financially in the computer hardware industry.

Income Statement

Logitech's income statement shows a stable performance with a gross profit margin of 42.81% and a net profit margin of 13.46% in the TTM period. The revenue growth rate of 1.31% indicates a slight improvement compared to the previous year. The EBIT and EBITDA margins are healthy at 14.62% and 16.36%, respectively, reflecting efficient cost management. However, the revenue growth is modest, and there is room for improvement in expanding market share.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.0428, indicating minimal leverage and financial risk. The return on equity is impressive at 29.13%, showcasing effective use of shareholder funds. The equity ratio of 58.43% suggests a solid capital structure. Overall, Logitech maintains a robust financial position with low debt levels and high returns on equity.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 6.70% in the TTM period, which is a concern. However, the operating cash flow to net income ratio is 0.65, indicating adequate cash generation relative to net income. The free cash flow to net income ratio of 0.93 suggests efficient conversion of earnings into cash. Despite the decline in free cash flow growth, the company maintains a healthy cash flow position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.61B	4.55B	4.30B	4.54B	5.48B	5.25B
Gross Profit	1.98B	1.96B	1.79B	1.72B	2.26B	2.34B
EBITDA	754.76M	744.23M	681.97M	598.95M	902.84M	1.24B
Net Income	621.16M	631.53M	612.14M	364.57M	644.51M	947.26M
Balance Sheet
Total Assets	3.74B	3.54B	3.60B	3.56B	4.04B	4.14B
Cash, Cash Equivalents and Short-Term Investments	1.49B	1.50B	1.52B	1.15B	1.33B	1.75B
Total Debt	93.63M	92.40M	77.03M	71.02M	41.90M	34.42M
Total Liabilities	1.56B	1.41B	1.37B	1.30B	1.64B	1.88B
Stockholders Equity	2.19B	2.13B	2.23B	2.26B	2.40B	2.26B
Cash Flow
Free Cash Flow	733.75M	786.43M	1.09B	441.66M	209.17M	1.38B
Operating Cash Flow	791.57M	842.56M	1.15B	534.01M	298.32M	1.46B
Investing Cash Flow	-60.01M	-57.27M	-70.33M	-105.73M	-107.86M	-119.98M
Financing Cash Flow	-786.66M	-797.36M	-690.17M	-583.35M	-606.82M	-299.93M

Logitech Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 98.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:LOGN, the sentiment is Positive. The current price of 98.64 is above the 20-day moving average (MA) of 88.83, above the 50-day MA of 86.60, and above the 200-day MA of 77.90, indicating a bullish trend. The MACD of 2.13 indicates Negative momentum. The RSI at 73.42 is Negative, neither overbought nor oversold. The STOCH value of 86.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:LOGN.

Logitech Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LOGN	―	CHF13.92B	26.34	31.51%	1.30%	0.81%	-5.64%
TEMN	―	$5.11B	24.53	41.83%	1.71%	-24.73%	86.66%
ELMN	―	CHF287.90M	34.11	―	0.16%	-0.64%	-5.79%
SWON	―	CHF1.79B	―	―	3.60%	-5.87%	-224.75%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AMS	―	$1.18B	―	-9.68%	―	-5.11%	88.12%
UBXN	―	$1.01B	―	-20.37%	―	-27.51%	-36.15%

Logitech Corporate Events

Logitech Reports Strong Q2 FY26 Performance

Logitech International, a Swiss company known for designing software-enabled hardware solutions, operates in the technology sector, focusing on enhancing human potential in work and play through innovative products. In its recent earnings report for the second quarter of Fiscal Year 2026, Logitech announced a 6% increase in sales, reaching $1.19 billion, with a notable rise in operating income and earnings per share. The company maintained strong cash flow and returned $340 million to shareholders through dividends and share repurchases. Key highlights include the launch of 16 new products and robust demand across both B2B and consumer channels, contributing to a 19% increase in operating income. Despite a slight decline in gross margins, Logitech’s strategic focus on operational excellence and cost control has yielded positive financial outcomes. Looking ahead, Logitech’s management remains cautiously optimistic, balancing strong business momentum with global economic uncertainties, as reflected in their Q3 FY26 sales and income projections.

Logitech Updates Articles to Enhance Board Authority

Logitech International S.A. has amended its Articles of Incorporation, specifically Article 27, to renew the Swiss ‘capital band’ information, thereby increasing the board of directors’ authority to cancel and issue shares under terms approved at the 2023 annual general meeting. Additionally, Article 28 was updated to reflect changes related to subscription rights, with these amendments becoming effective on October 1, 2025, upon publication in the Swiss Official Gazette of Commerce.

The most recent analyst rating on (CH:LOGN) stock is a Hold with a CHF90.00 price target. To see the full list of analyst forecasts on Logitech stock, see the CH:LOGN Stock Forecast page.

Logitech Business President Announces Resignation

On September 18, 2025, Prakash Arunkundrum, President of Logitech for Business, announced his resignation effective September 28, 2025, to pursue another opportunity. His departure, after over a decade of significant contributions, is not due to any disagreements with Logitech’s operations or policies.

The most recent analyst rating on (CH:LOGN) stock is a Buy with a CHF100.00 price target. To see the full list of analyst forecasts on Logitech stock, see the CH:LOGN Stock Forecast page.

Logitech Approves Dividend at Annual General Meeting

On September 9, 2025, Logitech International S.A. held its Annual General Meeting where shareholders voted on various proposals, including the approval of the 2025 financial statements, executive compensation, and re-elections to the Board of Directors. Notably, a dividend was approved with the ex-dividend date set for September 22, 2025, and the payment date on September 24, 2025, impacting shareholders’ financial planning.

The most recent analyst rating on (CH:LOGN) stock is a Hold with a CHF104.00 price target. To see the full list of analyst forecasts on Logitech stock, see the CH:LOGN Stock Forecast page.

Logitech Reduces Share Capital Amid Buyback Program

Logitech International S.A. announced a reduction in its share capital from CHF 42,248,535.50 to CHF 40,196,115, effective August 26, 2025, following the cancellation of shares repurchased on the SIX Swiss Exchange as part of its share buyback program. This amendment to the Articles of Incorporation, which also updated the Swiss ‘capital band’ information, reflects the company’s strategic financial management and may impact its market positioning and shareholder value.

The most recent analyst rating on (CH:LOGN) stock is a Buy with a CHF91.00 price target. To see the full list of analyst forecasts on Logitech stock, see the CH:LOGN Stock Forecast page.

Logitech’s Earnings Call: Innovation Amid Challenges

Logitech’s recent earnings call presented a balanced perspective on the company’s performance, highlighting significant achievements in product innovation and regional growth while addressing challenges in gross margins and North American sales due to tariff impacts and price negotiations.

Logitech Reports Strong Start to Fiscal Year 2026

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.