LOGI · Logitech International S.A.
Price & Indicators
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AI Brief
Q4 FY26 earnings call · May 5, 2026TL;DR. Logitech delivered FY26 sales of $4.84B (up 6% in USD, 4% in constant currency) with non-GAAP operating income up 18% to $911M and record non-GAAP gross margin of 43.6% and operating margin of 18.8%, while Q4 sales rose 7% in USD to $1.09B and non-GAAP operating income grew 25% to $167M.
- + FY26 net sales grew 6% in USD and 4% in constant currency with 140 bps share gain in personal workspace new
- + Non-GAAP operating income rose 18% in FY26 to $911M and 25% in Q4 to $167M, with Q4 non-GAAP gross margin up 130 bps to 44.8% new
- + Cash flow from operations exceeded $1.04B in FY26, with $768M returned to shareholders via dividends and buybacks new
- + Q4 gaming net sales up 7% and video collaboration up 8% in constant currency, with Americas returning to growth new
- + MX Master 4 generated nearly $100M in net sales within its first six months at a $120 price point new
- + FY27 Q1 outlook calls for sales of $1,190M–$1,215M, up 4%–6% in USD new
- − EMEA Q4 net sales declined 1% (constant currency) due to approximately $5M / 50 bps impact from the Middle East conflict new
- − Memory in short supply is impacting video conferencing costs, with price increases announced on May 1 to offset new
- − U.S. and European gaming markets were described as sluggish in the December–February period, though February U.S. turned positive new
- − FY27 Q1 outlook implies operating income of $195M–$215M, and full-year guidance targets are unchanged at mid-to-high single-digit organic growth new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Cash flow from operations | $167M | Q1 FY2027 | — |
| Net cash provided by operating activities | 166.71M | Three Months Ended June 30, 2026 | — |
| Non-GAAP gross margin non-GAAP | 49.8% | Q1 FY2027 | — |
| Quarter-ending cash balance | $1.75B | Q1 FY2027 | — |
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| Non-GAAP EPS non-GAAP | $5.78 | Fiscal Year 2026 | — |
| Non-GAAP operating income non-GAAP | 911M | Fiscal Year 2026 | — |
| Non-GAAP operating margin non-GAAP | 18.8% | Fiscal Year 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Computer Hardware — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LOGI
this stock
Logitech International S.A.
|
$14.03B | -1.5% | +6.3% | 18.0 | 8.3% |
|
DELL
Dell Technologies Inc.
|
$295.69B | +262.3% | -13.6% | 36.4 | 2.2% |
|
ANET
Arista Networks, Inc.
|
$246.81B | +49.3% | +28.6% | 61.9 | 1.0% |
|
SNDK
Sandisk Corp
|
$217.43B | +560.0% | +175.3% | 20.1 | 5.2% |
|
STX
Seagate Technology Holdings plc
|
$188.06B | +200.8% | -36.7% | 59.7 | 3.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LOGI | +1.5% | -6.1% | +8.5% | -3.7% | -1.5% |
| SPY | +0.5% | +1.2% | +13.3% | +2.7% | +12.5% |
| vs SPY | +1.1% | -7.4% | -4.8% | -6.4% | -14.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.