SIX$LOGI
Logitech International SA · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Logitech's second quarter of fiscal year 2024 witnessed a sales decrease but improved profitability through cost management and new product introductions.
Logitech reported sales of $1.06 billion, an 8% decrease year-over-year, but increased GAAP operating income by 23% to $157 million and GAAP EPS by 72% to $0.86. The company raised its full-year outlook for Fiscal Year 2024, expecting sales between $4.0 and $4.15 billion and non-GAAP operating income between $525 and $575 million.
- Sales were $1.06 billion, down 8% in US dollars and 9% in constant currency compared to the prior year.
- GAAP operating income increased by 23% to $157 million, while non-GAAP operating income increased by 17% to $183 million.
- GAAP EPS was $0.86, up 72% compared to the prior year, and non-GAAP EPS was $1.09, up 30% compared to the prior year.
- The company returned $276 million to shareholders through dividends and share repurchases and cash flow from operations was $223 million.
Headline financials
Revenue & EPS history
Logitech · Revenue · Quarterly
CHF 1.06B
Revenue by segment
Logitech · CHF 666M total across 4 segments · Q2 2024
- GamingCHF 282M-5.2%42.4%
- Pointing DevicesCHF 192M+3.5%28.8%
- Video CollaborationCHF 152M-35.5%22.9%
- OtherCHF 39.6M+1695.0%6.0%
Forward guidance
Logitech raised its full-year outlook for Fiscal Year 2024.
Tailwinds
- Sales are expected to be between $4.0 and $4.15 billion.
- Sales decline (in US dollars, year over year) is expected to be between 12% and 9%.
- Non-GAAP operating income is expected to be between $525 and $575 million.
- Non-GAAP op. inc. decline (year over year) is expected to be between 11% and 2%.
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 2024
+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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