Logitech International SA · Q3 2021 earnings

Briefing

Logitech's Q3 sales grew significantly, operating income tripled, and the annual outlook was raised due to strong momentum.

Logitech's Q3 sales increased by 85% to $1.67 billion, with GAAP operating income growing by 248% to $448 million and GAAP EPS increasing by 222% to $2.22. The company raised its Fiscal Year 2021 annual outlook to between 57 and 60 percent sales growth in constant currency, and approximately $1.05 billion in non-GAAP operating income.

• Q3 sales were $1.67 billion, up 85 percent in US dollars and 80 percent in constant currency, compared to the prior year.
• Q3 GAAP operating income grew 248 percent to $448 million, compared to the same quarter a year ago.
• Q3 GAAP earnings per share (EPS) grew 222 percent to $2.22, compared to the same quarter a year ago.
• Logitech raised its Fiscal Year 2021 annual outlook to between 57 and 60 percent sales growth in constant currency, and approximately $1.05 billion in non-GAAP operating income.

Headline financials

Revenue & EPS history

Logitech raised its Fiscal Year 2021 annual outlook to between 57 and 60 percent sales growth in constant currency, and approximately $1.05 billion in non-GAAP operating income. The Company’s previous outlook was between 35 and 40 percent sales growth in constant currency, and a range of $700 million to $725 million in non-GAAP operating income.