SIX$LOGI

Logitech International SA · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Delivered sales growth and strong profitability, leading to an increased FY25 outlook.

Logitech announced Q2 Fiscal Year 2025 results, reporting a 6% increase in sales to $1.12 billion. The company raised its full-year outlook for Fiscal Year 2025.

  • Sales were $1.12 billion, up 6% in US dollars and 6% in constant currency compared to the prior year.
  • GAAP gross margin was 43.6%, up 210 basis points compared to the prior year.
  • GAAP earnings per share (EPS) was $0.95, up 10% compared to the prior year.
  • The Company returned $340 million of cash to shareholders through its annual dividend payment and share repurchases.

Headline financials

Total Revenue

$1.12B

Previous: $1.06B+5.6%
EPS (adj)

$1.20

Previous: $1.09+10.1%
Capital Expenditures

-$12.6M

Previous: $18.5M-168.0%
Net Income

$145M

Previous: $137M+6.1%
Operating Income

$161M

Previous: $157M+2.7%
Gross Profit

$486M

Previous: $439M+10.8%
Stock-Based Comp

$26.5M

Previous: $22.1M+19.9%

Revenue & EPS history

Logitech · Revenue · Quarterly

$1.12B

Q2 2025+5.6%vs Q2 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Logitech · $4.84B total across 8 segments · Q4 2026

  • Gaming
    $1.41B
  • Keyboards & Combos
    $938M
  • Pointing Devices
    $859M
  • Video Collaboration
    $689M
  • Tablet Accessories
    $336M
  • Webcams
    $326M
  • Headsets
    $180M
  • Other
    $98.9M

Forward guidance

Logitech raised its full-year outlook for Fiscal Year 2025.

Tailwinds

  • Sales: $4.39 - $4.47 billion (previously $4.34 - $4.43 billion)
  • Sales growth (in US dollars, year over year): 2% - 4% (previously 1% - 3%)
  • Non-GAAP operating income: $720 - $750 million (previously $700 - $730 million)
  • Non-GAAP op. inc. growth (year over year): 3% - 7% (previously 0% - 4%)

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 2025

Historical avgQ2 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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