LOGI

MKT CAP:$14B

Logitech International S.A.

Market Cap

$14B

Technology·Computer Hardware·🇨🇭 Switzerland·NASDAQ

Technology·Computer Hardware·🇨🇭·NASDAQ

Stock Price

$95.00-$5.28 (-5.27%)

Apr 23, 2026

Company Details

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 cordl...

CEO

Johanna W. Faber

IPO Date

Mar 27, 1997

Website

www.logitech.com

Key Metrics TTM

Revenue

$4.8B

-0.7% YoY

Net Income

$712M

EPS (Diluted)

$4.78

Free Cash Flow

$904M

Revenue / Share

$32.06

Gross Margin

42.9%

Operating Margin

15.6%

Net Margin

14.9%

FCF Margin

19.0%

P/S

2.9x

P/E

19.7x

Earnings Reports

Q4 2026

May 5, 2026

PENDING

Q3 2026

Jan 28, 2026

$1.4B+6.1%EPS $1.69

Q2 2026

Oct 29, 2025

$1.2B+6.3%EPS $1.15

Q1 2026

Jul 30, 2025

$1.1B+5.5%EPS $0.98

FY 2025

May 23, 2025

$4.6B+6.0%EPS $4.13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$624M	$236M	$42M
Q2 20	$720M	$275M	$68M
Q4 20	$709M	$281M	$32M
Q2 21	$1.3B	$573M	$322M
Q1 22	$1.3B	$573M	$203M
Q4 22	$1.2B	$497M	$129M
Q1 23	$1.2B	$463M	$115M
Q1 24	$974M	$379M	$78M
Q3 24	$1.3B	$529M	$222M
Q1 25	$1.1B	$469M	$153M
Q2 25	$1.1B	$489M	$161M
Q3 25	$1.3B	$577M	$235M
Q4 25	$1.0B	$438M	$106M
Q1 26	$1.1B	$481M	$162M
Q2 26	$1.2B	$514M	$191M
Q3 26	$1.4B	$612M	$286M

Valuation

Quarter	P/S	P/E
Q4 19	5.0x	54.5x
Q2 20	4.8x	48.1x
Q4 20	4.8x	31.8x
Q2 21	4.2x	23.6x
Q1 22	3.5x	19.0x
Q4 22	3.1x	18.1x
Q1 23	2.8x	21.2x
Q1 24	3.0x	30.6x
Q3 24	3.0x	27.2x
Q1 25	3.1x	25.5x
Q2 25	3.2x	23.6x
Q3 25	2.9x	19.2x
Q4 25	3.1x	22.2x
Q1 26	3.0x	22.1x
Q2 26	3.0x	21.2x
Q3 26	2.9x	19.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$32M	$24M
Q2 20	$107M	$98M
Q4 20	$101M	$90M
Q2 21	$284M	$268M
Q1 22	-$115M	-$139M
Q4 22	$99M	$74M
Q1 23	-$36M	-$55M
Q1 24	$240M	$224M
Q3 24	$443M	$432M
Q1 25	$176M	$161M
Q2 25	$166M	$151M
Q3 25	$371M	$357M
Q4 25	$130M	$117M
Q1 26	$125M	$109M
Q2 26	$229M	$212M
Q3 26	$481M	$466M

Capital Expenditures

Quarter	CapEx
Q4 19	$8M
Q2 20	$9M
Q4 20	$11M
Q2 21	$16M
Q1 22	$25M
Q4 22	$25M
Q1 23	$20M
Q1 24	$16M
Q3 24	$11M
Q1 25	$15M
Q2 25	$15M
Q3 25	$14M
Q4 25	$13M
Q1 26	$16M
Q2 26	$17M
Q3 26	$15M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 19	+5.4%	+5.2%
Q2 20	+18.3%	+13.1%
Q4 20	+2.6%	+8.2%
Q2 21	+45.4%	+26.3%
Q1 22	+110.2%	+90.5%
Q4 22	+70.9%	+69.0%
Q1 23	+63.5%	+54.2%
Q1 24	-22.5%	-4.2%
Q3 24	-4.3%	-6.8%
Q1 25	-11.5%	-15.1%
Q2 25	-3.8%	-8.5%
Q3 25	+37.5%	+23.4%
Q4 25	-19.5%	-12.5%
Q1 26	+5.5%	+5.4%
Q2 26	+6.3%	+4.1%
Q3 26	+6.1%	+2.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$13M	2.1%
Q2 20	$14M	2.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q1 22	$24M	1.8%
Q4 22	$0	0.0%
Q1 23	$24M	2.0%
Q1 24	$22M	2.2%
Q3 24	$21M	1.6%
Q1 25	$23M	2.2%
Q2 25	$26M	2.4%
Q3 25	$26M	2.0%
Q4 25	$14M	1.4%
Q1 26	$33M	2.9%
Q2 26	$30M	2.6%
Q3 26	$23M	1.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 19	$44M	$24M	$120M
Q2 20	$42M	$24M	$134M
Q4 20	$52M	$25M	$141M
Q2 21	$53M	$32M	$159M
Q1 22	$69M	$41M	$252M
Q4 22	$78M	$32M	$247M
Q1 23	$76M	$36M	$229M
Q1 24	$71M	$41M	$179M
Q3 24	$73M	$40M	$189M
Q1 25	$75M	$37M	$197M
Q2 25	$76M	$44M	$202M
Q3 25	$78M	$42M	$217M
Q4 25	$80M	$40M	$199M
Q1 26	$75M	$42M	$196M
Q2 26	$76M	$42M	$199M
Q3 26	$78M	$42M	$207M

Revenue Segments

Quarter	Other Retail Products	Retail Gaming	Retail Headsets	Retail Keyboards Desktops	Retail Mobile Speakers	Retail Pointing Devices	Retail Tablet And Other Accessories	Retail Video	Retail Video Collaboration
Q4 19	$229.0K	$138M	$65M	$132M	$23M	$132M	$23M	$30M	$69M
Q2 20	$26.0K	$161M	$68M	$139M	$57M	$133M	$34M	$29M	$90M
Q4 20	$94.0K	$149M	$65M	$148M	$21M	$135M	$32M	$40M	$111M
Q2 21	$21.0K	$298M	$114M	$202M	$44M	$169M	$83M	$102M	$237M
Q1 22	$88.0K	$335M	$117M	$218M	$28M	$183M	$79M	$110M	$235M
Q4 22	—	$316M	$82M	$231M	$25M	$178M	$67M	$84M	$243M
Q1 23	$2M	$283M	$69M	$228M	$22M	$183M	$67M	$59M	$246M
Q1 24	$31M	$266M	$37M	$181M	—	$174M	$70M	$75M	$139M
Q3 24	$49M	$409M	$42M	$229M	—	$206M	$64M	$86M	$170M
Q1 25	$31M	$309M	$44M	$215M	—	$190M	$79M	$73M	$147M
Q2 25	$37M	$300M	$47M	$210M	—	$196M	$86M	$80M	$160M
Q3 25	$36M	$467M	$46M	$237M	—	$217M	$77M	$84M	$176M
Q4 25	$20M	$262M	$43M	$221M	—	$186M	$58M	$78M	$143M
Q1 26	$26M	$316M	$46M	$222M	—	$196M	$91M	$84M	$167M
Q2 26	$26M	$323M	$43M	$236M	—	$221M	$85M	$83M	$168M
Q3 26	$28M	$483M	$46M	$255M	—	$241M	$94M	$82M	$193M

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q4 19	$244M	$167M	$214M
Q2 20	$297M	$191M	$232M
Q4 20	$316M	$172M	$221M
Q2 21	$542M	$325M	$390M
Q1 22	$613M	$342M	$358M
Q4 22	$489M	$326M	$414M
Q1 23	$502M	$367M	$290M
Q1 24	$445M	$270M	$259M
Q3 24	$539M	$300M	$417M
Q1 25	$485M	$293M	$310M
Q2 25	$480M	$284M	$352M
Q3 25	$554M	$332M	$455M
Q4 25	$454M	$258M	$297M
Q1 26	$462M	$339M	$347M
Q2 26	$463M	$341M	$382M
Q3 26	$556M	$379M	$486M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$1.3B	$0	$1.3B
Q1 23	$1.1B	$0	$1.1B
Q2 23	$869M	$0	$869M
Q3 23	$1.0B	$0	$1.0B
Q4 23	$1.1B	$0	$1.1B
Q1 24	$1.3B	$0	$1.3B
Q2 24	$1.2B	$0	$1.2B
Q3 24	$1.4B	$0	$1.4B
Q4 24	$1.5B	$0	$1.5B
Q1 25	$1.5B	$0	$1.5B
Q2 25	$1.4B	$0	$1.4B
Q3 25	$1.5B	$0	$1.5B
Q4 25	$1.5B	$0	$1.5B
Q1 26	$1.5B	$0	$1.5B
Q2 26	$1.4B	$0	$1.4B
Q3 26	$1.8B	$0	$1.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	169M	+0.0%	-0.3%
Q2 20	169M	+0.0%	+0.2%
Q4 20	170M	+0.6%	+0.4%
Q2 21	171M	+0.8%	+1.5%
Q1 22	172M	+0.4%	+1.8%
Q4 22	169M	-2.0%	-0.3%
Q1 23	166M	-1.3%	-2.1%
Q1 24	160M	-3.8%	-6.6%
Q3 24	157M	-1.7%	-8.5%
Q1 25	155M	-1.6%	-8.1%
Q2 25	154M	-0.8%	-7.7%
Q3 25	152M	-1.2%	-5.2%
Q4 25	151M	-0.8%	-4.3%
Q1 26	149M	-1.1%	-3.8%
Q2 26	148M	-0.4%	-3.4%
Q3 26	149M	+0.1%	-2.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	$94.6K	7K
Q2 20	$109.0K	7K
Q4 20	$107.5K	7K
Q2 21	$190.5K	7K
Q1 22	$145.8K	9K
Q4 22	$150.0K	8K
Q1 23	$141.4K	8K
Q1 24	$131.7K	7K
Q3 24	$169.7K	7K
Q1 25	$149.1K	7K
Q2 25	$152.9K	7K
Q3 25	$183.6K	7K
Q4 25	$138.4K	7K
Q1 26	$157.2K	7K
Q2 26	$162.5K	7K
Q3 26	$194.7K	7K

Revenue / Employee