Logitech reports broad sales growth across its channels
CEO Hanneke Faber highlighted 'broad based growth' as sales rose 6 percent to $1.42 billion for the three month period.
Tech hardware and accessories firm Logitech (NASDAQ:LOGI) reported third-quarter fiscal 2026 sales of $1.42 billion, up 6 percent (4 percent in constant currency), with management citing an "excellent financial performance".
In New York's early premarket, Logitech stock was nudged around 1.25% higher to $94.90.
“We delivered another quarter of excellent financial performance,” CEO Hanneke Faber said in the stock market filing.
“Growth was broad-based across categories, regions and both consumer and business channels,” she said.
Logitech reported GAAP gross margin was 43.2 percent, up 30 basis points, and non-GAAP gross margin was 43.5 percent, up 30 basis points, the company said in a statement.
GAAP operating income was marked at $286 million, up 22 percent, and non-GAAP operating income was $312 million, up 17 percent. Cash flow from operations was $481 million and the quarter-ending cash balance was $1.8 billion, the company added.
Matteo Anversa, Logitech CFO, added: “Our team’s excellent operational execution and disciplined cost management delivered outstanding gross and operating margins."
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For the fourth quarter, Logitech projects sales of $1,070 - $1,090 million, sales growth of 6 percent to 8 percent in US dollars and 3 percent to 5 percent in constant currency.
And, for fiscal 2026, Logitech said it expects sales of $4,825 - $4,845 million, approximately 6 percent growth in US dollars.
Regarding product specifically, CEO Hanneke Faber added: "We continued to drive superior innovation with iconic new products like the premium MX Master 4 mouse. And, with the exception of pandemic peaks, we drove record operating income despite tariff headwinds, underscoring the quality of our portfolio, the strength of our innovation and our unique global operational capabilities.”
The Recap
- Logitech reported Q3 fiscal 2026 sales of $1.42 billion.
- GAAP operating income rose to $286 million in the quarter.
- Company will host results videoconference on 27 January.
