Latest quarter
Logitech reported Q1 FY2027 revenue of $1.2 billion, up from $1.1 billion a year earlier and 2.11% above the consensus. Adjusted earnings per share were $1.85, exceeding the consensus of $1.33. The company reported diluted earnings per share of $1.63, compared with $0.98 a year earlier.
Gross margin rose to 49.5% from 41.7%, while operating margin increased to 21.1% from 14.1%. Logitech’s filing says tariff refunds were recorded as a reduction in first-quarter cost of goods sold. The company reported free cash flow of $149.9 million, up from $108.8 million a year earlier.
For the six months ended September 30, 2026, Logitech attributed sales growth primarily to gaming, pointing devices and video collaboration, partly offset by lower tablet accessories sales. The filing also said the period’s sales benefited from favorable currency movements.
| Q1 FY2027 | Q1 FY2026 | Change | |
|---|---|---|---|
| Revenue | $1.2 billion | $1.1 billion | 6.93% |
| Diluted EPS | $1.63 | $0.98 | 66.3% |
| Gross margin | 49.5% | 41.7% | 7.8 percentage points |
| Operating margin | 21.1% | 14.1% | 6.9 percentage points |
| Free cash flow | $149.9 million | $108.8 million | 37.8% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $1.85 | $1.33 | Beat by 39.1% |
| Revenue | $1.2 billion | $1.2 billion | Beat by 2.11% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
No Logitech earnings call was available. In its filing, Logitech said a semiconductor supplier’s facility had reopened, but capacity remained below its needs and the disruption would continue to affect product availability in the third quarter.
Guidance
Logitech expects the affected semiconductor supplier’s facility to resume full production by the end of the calendar year, with the disruption’s impact largely resolved in the fourth quarter.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| Operating income, non-GAAP | Q3 FY2027 | $220.0 million–$255.0 million | — | New |
| Revenue growth, Year Over Year Usd | Q3 FY2027 | −4.00%–1.00% | — | New |
| Revenue | Q3 FY2027 | $1.4 billion–$1.4 billion | — | New |