SIX$LOGI

Logitech International SA · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

Logitech's Q3 2025 sales and profitability increased, driven by strategic priorities and effective execution. The company raised its full-year outlook for Fiscal Year 2025.

Logitech announced strong financial results for Q3 Fiscal Year 2025, with sales up 7% to $1.34 billion. GAAP EPS was $1.32, while non-GAAP EPS was $1.59. The company raised its full-year outlook for Fiscal Year 2025.

  • Sales increased by 7% in US dollars and 6% in constant currency compared to the prior year.
  • GAAP gross margin increased to 42.9 percent, and non-GAAP gross margin increased to 43.2 percent.
  • GAAP operating income was $235 million, up 6% compared to the prior year, and non-GAAP operating income was $266 million, up 7%.
  • The company returned $200 million of cash to shareholders through share repurchases.

Headline financials

Total Revenue

$1.34B

Previous: $1.26B+6.8%
EPS (adj)

$1.59

Previous: $1.53+3.9%
Capital Expenditures

-$12.5M

Previous: -$9.79M-27.8%
Free Cash Flow

$314M

No prior period
Net Income

$200M

Previous: $245M-18.2%
Operating Income

$235M

Previous: $222M+5.6%
Gross Profit

$574M

Previous: $527M+9.0%
R&D Expense

$68.4M

Previous: $72.7M-5.9%
Stock-Based Comp

$26.2M

Previous: $20.6M+27.1%

Revenue & EPS history

Logitech · Revenue · Quarterly

$1.34B

Q3 2025+6.8%vs Q3 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 are expected to be between $4.54 - $4.57 billion.
  • Sales growth is expected to be 5.4% - 6.4% in US dollars.
  • Sales growth is expected to be 6.2% - 7.1% in constant currency.
  • Non-GAAP operating income is expected to be between $755 - $770 million.
  • Non-GAAP operating income growth is expected to be 8% - 10%.

Headwinds

  • Expect fourth quarter currency headwinds.

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 Q3 2025

Historical avgQ3 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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