SIX$LOGI
Logitech International SA · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Sales increased significantly, and operating income grew substantially, driven by the shift to hybrid work and the rise of gaming.
Logitech's Q2 sales grew by 75%, reaching $1.26 billion, marking the first time quarterly sales exceeded $1 billion. GAAP operating income increased by 372% to $322 million, and non-GAAP operating income grew by 295% to $354 million. The company raised its annual outlook, anticipating sales growth between 35% and 40% and non-GAAP operating income between $700 million and $725 million.
- Q2 sales increased by 75% to $1.26 billion.
- GAAP operating income grew by 372% to $322 million.
- Non-GAAP operating income grew by 295% to $354 million.
- Fiscal Year 2021 annual outlook was raised to 35-40% sales growth and $700-725 million in non-GAAP operating income.
Headline financials
Revenue & EPS history
Logitech · Revenue · Quarterly
CHF 1.26B
Revenue by segment
Logitech · CHF 1.21B total across 8 segments · Q2 2021
- GamingCHF 298M+84.9%24.7%
- Video CollaborationCHF 237M+164.3%19.6%
- Keyboards & CombosCHF 202M+45.0%16.7%
- Pointing DevicesCHF 169M+27.4%14.0%
- HeadsetsCHF 114M+68.0%9.5%
- WebcamsCHF 102M+256.4%8.5%
- Tablet AccessoriesCHF 83.1M+145.5%6.9%
- OtherCHF 21K-19.2%0.0%
Forward guidance
Logitech raised its Fiscal Year 2021 annual outlook to between 35 and 40 percent sales growth in constant currency and a range of $700 million to $725 million in non-GAAP operating income.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+2.4%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+5.1%
Avg return
30 days after
59%
40 / 68 earnings
Positive
+22.1%
Q3 2014
Best reaction
-15.5%
Q2 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +1.2% | -0.7% | +11.5% | |
| Q3 2026 | -5.1% | +1.0% | +6.1% | |
| Q2 2026 | +3.3% | +8.1% | -0.9% | |
| Q1 2026 | -1.0% | -1.6% | +10.4% | |
| Q4 2025 | -3.6% | -0.2% | +5.8% | |
| Q3 2025 | +5.2% | +5.9% | +10.0% | |
| Q2 2025 | -5.2% | -8.9% | -11.9% | |
| Q4 2024 | -1.1% | +3.6% | +20.1% | |
| Q3 2024 | -10.4% | -9.6% | -8.4% | |
| Q2 2024 | +11.6% | +11.3% | +24.2% | |
| Q1 2024 | +15.0% | +13.5% | +5.5% | |
| Q4 2023 | +6.5% | +8.2% | +7.4% | |
| Q3 2023 | +3.7% | +6.2% | -2.8% | |
| Q2 2023 | +13.5% | +14.6% | +32.1% | |
| Q1 2023 | +2.1% | +6.2% | +0.9% | |
| Q4 2022 | -0.7% | -8.1% | -6.6% | |
| Q3 2022 | +4.2% | +9.6% | -2.9% | |
| Q2 2022 | -6.0% | -7.4% | -10.3% | |
| Q1 2022 | -9.8% | -9.3% | -12.8% | |
| Q4 2021 | -4.7% | -3.7% | +7.5% | |
| Q3 2021 | -3.2% | +3.3% | +14.1% | |
| Q2 2021 | +16.0% | +10.3% | +1.5% | |
| Q1 2021 | +0.6% | -1.6% | +6.4% | |
| Q4 2020 | +0.9% | +3.2% | +17.7% | |
| Q3 2020 | +2.6% | +3.3% | -7.6% | |
| Q2 2020 | -0.1% | +4.7% | +6.7% | |
| Q1 2020 | +5.2% | +5.9% | +3.2% | |
| Q4 2019 | -6.6% | -2.7% | -12.2% | |
| Q3 2019 | +0.8% | +8.1% | +10.5% | |
| Q2 2019 | -7.4% | -9.9% | -16.5% | |
| Q1 2019 | -4.8% | -0.8% | +8.3% | |
| Q4 2018 | +7.2% | +7.2% | +11.4% | |
| Q3 2018 | +11.6% | +16.2% | +7.2% | |
| Q2 2018 | -5.8% | -5.6% | -2.1% | |
| Q1 2018 | -5.9% | -6.2% | -9.7% | |
| Q4 2017 | +6.5% | +7.7% | +20.0% | |
| Q3 2017 | +14.3% | +15.4% | +14.4% | |
| Q2 2017 | +17.4% | +12.5% | +13.6% | |
| Q1 2017 | +18.3% | +17.0% | +28.0% | |
| Q4 2016 | -5.4% | — | — | |
| Q3 2016 | +6.8% | — | — | |
| Q2 2016 | +7.9% | — | — | |
| Q1 2016 | +4.2% | — | — | |
| Q4 2015 | +6.7% | — | — | |
| Q3 2015 | +8.7% | — | — | |
| Q2 2015 | +8.2% | — | — | |
| Q1 2015 | +14.6% | — | — | |
| Q4 2014 | -7.9% | — | — | |
| Q3 2014 | +22.1% | — | — | |
| Q2 2014 | +10.2% | — | — | |
| Q1 2014 | +8.5% | — | — | |
| Q4 2013 | -11.7% | — | — | |
| Q3 2013 | -3.7% | — | — | |
| Q2 2013 | -15.5% | — | — | |
| Q1 2013 | -2.6% | — | — | |
| Q4 2012 | -5.0% | — | — | |
| Q3 2012 | +4.8% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q1 2012 | +4.2% | — | — | |
| Q4 2011 | +4.2% | — | — | |
| Q4 2009 | +4.2% | — | — | |
| Q3 2010 | +0.6% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q2 2011 | +14.8% | — | — | |
| Q1 2010 | -0.9% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q2 2010 | -0.9% | — | — |
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