Quarterly ResultJul 29, 2026, 04:43 PM
Logitech Q1 Net Sales Up 6.9% to $1.23B; EPS Jumps 65.7% to $1.64
AI Summary
Logitech International S.A. reported strong financial results for the first quarter ended June 30, 2026, with net sales increasing by 6.9% to $1.23 billion and net income surging by 61.4% to $235.7 million. Basic EPS rose significantly to $1.64. The company also received a $61 million tariff refund, which reduced cost of goods sold. However, a semiconductor supplier incident is expected to impact product availability in the second and third quarters of fiscal year 2027.
Key Highlights
- Net sales for Q1 FY2027 increased 6.9% to $1.227 billion from $1.148 billion in Q1 FY2026.
- Net income for Q1 FY2027 rose 61.4% to $235.7 million, compared to $146.0 million in the prior year.
- Basic earnings per share (EPS) for Q1 FY2027 increased 65.7% to $1.64 from $0.99 year-over-year.
- Gross profit for Q1 FY2027 grew 26.9% to $607.9 million, up from $479.0 million in Q1 FY2026.
- Operating income for Q1 FY2027 increased 59.5% to $258.6 million, compared to $162.1 million in the prior year.
- Net cash provided by operating activities was $166.7 million, a 33.3% increase from $125.0 million.
- Received a $61 million tariff refund, with $15 million in Q1 FY2027, reducing cost of goods sold.
- A semiconductor supplier incident is expected to impact product availability in Q2 and Q3 FY2027.
Price Impact
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