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Logitech International S.a. (LOGI) stock

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NASDAQ: LOGI Nasdaq Technology Hardware, Storage & Peripherals Next results ~January 26, 2027

C+ Fundamentals grade

Logitech International S.a. is a US-listed company in the technology hardware, storage & peripherals industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$130

Cash-flow model

Base case. Range ~$96–$160 across our lower- and higher-growth cases (0.4%–10.4% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 33% above it.

Price used: $94.55, November 2, 2026

Logitech International S.a. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds201 adding, 142 cuttingOf 42 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Logitech International files

10-Q filed October 28: Logitech International S.a.

Model value −3.9%

Revenue for the twelve months to September 2026 was $4.95bn, up 5.7% on a year earlier, slower than the 6.6% growth a quarter earlier. Free-cash-flow margin rose to 19.2% from 17.0% a year earlier. Operating margin widened to 17.8% from 14.8%. The diluted share count is down 2.6% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from C to C+. Our model value falls from $131 to $126 a share, against a share price of $95.42. The rating stays Hold. At that price, our model says the market is pricing in about 0.2% a year of cash-flow growth for five years, faster than the -2.0% a year revenue growth it has delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: Logitech International S.a.

Logitech International posted revenue of $4.95bn for the twelve months to June 2026, up 5.7% on the year before but a touch slower than the 6.6% pace recorded a quarter earlier. Among the 17 technology hardware, storage and peripherals companies we cover, that growth rate ranks 15th. Profitability improved: free-cash-flow margin climbed to 19.2% from 17.0%, while operating margin widened to 17.8% from 14.8%. A 2.6% reduction in the diluted share count over the year has also boosted the value of each remaining share. Our model value has slipped from $134 to $131 a share, against a current price of $112, and the rating remains Hold. At that price, the market appears to be pricing in cash flow shrinking by roughly 0.5% a year over five years, not far off the -2.0% a year revenue growth actually delivered.

10-Q on SEC EDGAR

Where Logitech International S.a. stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.92bn, up 6.6% on a year earlier, about the same pace as a quarter earlier. That puts it 14 of 17 for growth among the technology hardware, storage & peripherals companies we cover. Free-cash-flow margin rose to 20.7% from 15.9% a year earlier. Operating margin widened to 17.7% from 14.4%. The diluted share count is down 2.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $134 a share, against a share price of $110. At that price, our model says the market is pricing in about 1.6% a year of cash-flow growth for five years, faster than the -2.1% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 26, 2027 (estimated)

Logitech International S.a.'s trailing-twelve-month revenue grew 5.7% year on year, with a free-cash-flow margin of 19.2%. Where it stands out: net margin of 16.4% ranks 6 of 27 technology hardware, storage & peripherals companies we cover.

Our discounted-cash-flow model values the business at ~$130 per share in the base case (~$96–$160 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Gross margin expanding: TTM gross margin reached 45.5%, up 2.7pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $94.55 is 33% below our value per share of $130.
  • Shrinking share count. Diluted shares fell 2.6% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $1.5bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Below peers: change in growth rate. Change in growth rate of -0.9pp ranks 21 of 27 technology hardware, storage & peripherals companies we cover (median +5.0pp).

Latest results: FY2027 Q2

Filed October 28, 2026
Earnings per share
$1.51 against an average estimate of $1.33: beat by 13.7%
Revenue
$1.22bn, up 2.8% on a year earlier
Share reaction
-10.6% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Guidance given
sales $1,360m to $1,430m (Q3 FY27 outlook); sales growth/decline (in US dollars, year over year) growth -4% to 1% (Q3 FY27 outlook)
Next report
October 27, 2026; average EPS estimate $1.60

Logitech International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.0%
  • 1 week-14.0%
  • 1 month-9.4%
  • This year-4.1%
  • 1 year-20.3%
  • 5 years+27.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5B
Operating margin
17.8%
Net margin
16.4%
EPS (TTM, diluted)
$5.55

Growth

Revenue growth
+5.7%
Change in growth rate
−0.9 pts
Share count change
−2.6%

Cash

Free cash flow (TTM)
$953M
FCF margin
19.2%
Stock pay % of revenue
2.2%

Earnings

Last results
October 27, 2026
Next results (est.)
January 26, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Product
  5. Announcement
  6. Governance
  7. Announcement
  8. Product
  9. Results
  10. Announcement
  11. Announcement
  12. Announcement
  13. Insider trade
  14. Shareholder vote
  15. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Logitech International S.a. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 0.7% a year for five years.That is close to the -2.0% a year revenue growth Logitech International has delivered.

  • Priced in-0.7%
  • Last 12 months5.7%
  • 3 years a year5.1%
  • 5 years a year-2.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($94.06, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$130
Price used
$94.06close November 3, 2026
Implied change
▲ +33%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Logitech International S.a.'s free cash flow after stock-based pay with after-tax interest added back ($850M, FY2027 Q2 TTM), growing 1.8% and 5.3% in the next two years (forecasts, guidance and its record), then back to 5.4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$96–~$160 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Logitech International S.a.'s free cash flow after stock-based pay ( $850M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Logitech International S.a. as an operating company, with every model that fits that kind of business. Cost of equity 10.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.28 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$130 ~$96–$160 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$62 ~$52–$98 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$96 ~$69–$140 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$50 ~$44–$58 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$92 ~$50–$130 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Logitech International S.a. with Technology Hardware, Storage & Peripherals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▲ +12%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $96$126$167$220$289$379
8.5% $76$98$127$165$214$278
10% $63$81$103$132$170$218

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$13.24$27.25$31.95$34.73$38.57$95.07$67.78$54.50$85.30$81.85$89.63$94.55
Market value$2.2bn$4.5bn$5.4bn$5.9bn$6.5bn$16.3bn$11.6bn$8.9bn$13.5bn$12.5bn$13.3bn$13.8bn
+ Net debt (− = net cash)−$519m−$548m−$642m−$605m−$716m−$1.8bn−$1.3bn−$1.1bn−$1.5bn−$1.5bn−$1.7bn−$1.5bn
Enterprise value$1.7bn$4.0bn$4.8bn$5.3bn$5.8bn$14.6bn$10.2bn$7.8bn$12.0bn$11.0bn$11.5bn$12.3bn
Multiples
Price / sales 1.1x2.0x2.1x2.1x2.2x3.1x2.1x2.0x3.1x2.7x2.7x2.8x
Price / earnings 18.4x21.9x25.9x22.8x14.5x17.2x17.9x24.5x22.0x19.8x18.7x17.0x
Price / free cash flow 17.1x17.6x17.6x21.8x16.9x11.8x55.2x20.2x12.4x15.9x13.6x14.5x
EV / EBITDA 9.3x15.7x17.5x17.2x18.2x12.2x11.9x14.5x18.4x15.4x13.8x13.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

78 /100

Strong moat

How hard Logitech International's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 27.4% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 40.1%, moving by 3.1 percentage points (standard deviation) across 10 years.

  • Durability 13 / 20

    Operating margin has been a median 13.5%; its worst year was 8.8%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 10 of 10 years, at a median 15.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 15.2% over five years; stock-based pay has been a median 1.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (83 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.97 +3% $5.0bn +3%
Next $6.10 +2% $5.2bn +5%

Next year's EPS estimate has moved −0.8% in 90 days, across 10 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.6% on 90 days ago. In the last 30 days, 5 analysts raised Logitech International S.a.'s forecast and 5 cut it.

Consensus EPS forecast Logitech International S.a., last 90 days
$5.70 $5.80 $5.90 $6.00 $6.10 $6.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.82 Current fiscal year, 60 days ago: $5.76 Current fiscal year, 30 days ago: $5.76 Current fiscal year, 7 days ago: $5.80 Current fiscal year, Now: $5.97 $5.97 Next fiscal year, 90 days ago: $6.15 Next fiscal year, 60 days ago: $6.08 Next fiscal year, 30 days ago: $6.08 Next fiscal year, 7 days ago: $6.06 Next fiscal year, Now: $6.10 $6.10

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.82$6.15
60 days ago $5.76$6.08
30 days ago $5.76$6.08
7 days ago $5.80$6.06
Now $5.97$6.10

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.33 $1.51 +13.7%
Jun 2026 $1.32 $1.85 +40.2%
Mar 2026 $1.10 $1.13 +2.8%
Dec 2025 $1.81 $1.93 +6.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 27, 2026
  • Sales Q3 FY27 outlook $1,360m to $1,430m
    “Sales $1,360 - $1,430 million” source
  • Sales growth/decline (in US dollars, year over year) Q3 FY27 outlook -4% growth to 1% growth
    “Sales growth/decline (in US dollars, year over year) ' -4% - 1%” source
  • Sales growth/decline (in constant currency, year over year) Q3 FY27 outlook -5% growth to 0% growth
    “Sales growth/decline (in constant currency, year over year) ' -5% - 0%” source
  • Non-GAAP operating income Q3 FY27 outlook $220m to $255m Non-GAAP
    “Non-GAAP operating income $220 - $255 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Logitech International S.a.'s revenue by +1.8% next year and +5.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+2.8%, weight 45%) , management guidance (-1.9%, weight 33%) and the company's own record (+5.4%, weight 22%) . How the weights are set.

Analyst recommendations

10 analysts, Oct 2026
Buy330%
Hold550%
Sell220%

Monthly trend

  1. Oct 2026351110
  2. Sep 2026341210
  3. Aug 2026341210
  4. Jul 2026351110

Counts of recommendations published by analysts covering Logitech International S.a., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.6%
of tradable shares
Days to cover
15.6
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
75%
of shares
Held by insiders
0.2%
of shares
Employees
7,300
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −20.3%

$118.59 on October 31, 2025 to $94.55

ThenNowEffect
Revenue (last 12 months) $4.6bn $4.9bn +6.6%
Net margin 13.8% 16.3% +18.1%
P/E multiple 28.2x 17.4x −38.4%
Share count 151m 147m +2.8%

Biggest factor: p/e multiple.

Last 3 years +24.8%

$75.75 on November 3, 2023 to $94.55

ThenNowEffect
Revenue (last 12 months) $4.4bn $4.9bn +13.0%
Net margin 7.5% 16.3% +117.1%
P/E multiple 37.6x 17.4x −53.8%
Share count 162m 147m +10.1%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LOGI−14%−23%+55%−12%+24%−4%
Industry peers (median)+35%−39%+28%+14%+3%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LOGI42%42%67%50%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LOGI−44%−49%−24%−23%−38%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 68% from June 9, 2021 to October 19, 2022. Getting back needed a 211% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$84.44 – $124.62
From 52-week high
−24.1%
vs 50-day average
−6.7%
vs 200-day average
−3.9%
Volatility (1 year)
40%
Beta vs S&P 500
1.31

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±5.0%
After a week
6 up, 5 down
typical move ±4.1%
After a month
7 up, 4 down
typical move ±10.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 −10.6% +0.9% — —
July 28, 2026 −4.5% −1.3% +1.0% −7.1%
May 5, 2026 +1.9% +2.2% +2.0% +16.9%
January 27, 2026 −8.0% +0.4% −7.0% −1.5%
October 28, 2025 +1.8% +0.3% +3.2% −2.8%
July 29, 2025 −3.8% −0.4% +0.8% +9.0%
April 29, 2025 −3.9% +0.7% −2.5% +8.4%
April 10, 2025 −3.4% −2.7% −3.5% +16.2%
January 28, 2025 +5.2% +0.4% +7.1% +10.0%
October 22, 2024 −12.4% −1.0% −7.8% −14.9%
July 23, 2024 −3.7% −2.4% −3.5% +0.6%
April 30, 2024 −0.5% −1.9% +6.2% +23.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Logitech International S.a.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look cheap

Option prices imply less movement than the shares have recently shown. Selling options pays little for the risk taken.

  • Implied is 0.83× the last 60 days’ realised volatility , richer than 5% of the 229 stocks we screen today.
  • Puts are priced 2 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: implied is below 60-day realised: selling options pays little for the risk taken.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Logitech International S.a. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Logitech International S.a.
$4.2B $4.4B $4.6B $4.8B $5B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $4.2B Revenue (TTM), FY24 Q4: $4.3B Revenue (TTM), FY25 Q1: $4.4B Revenue (TTM), FY25 Q2: $4.5B Revenue (TTM), FY25 Q3: $4.6B Revenue (TTM), FY25 Q4: $4.6B Revenue (TTM), FY26 Q1: $4.6B Revenue (TTM), FY26 Q2: $4.7B Revenue (TTM), FY26 Q3: $4.8B Revenue (TTM), FY26 Q4: $4.8B Revenue (TTM), FY27 Q1: $4.9B Revenue (TTM), FY27 Q2: $5B $5B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $4.2B
FY24 Q4 $4.3B
FY25 Q1 $4.4B
FY25 Q2 $4.5B
FY25 Q3 $4.6B
FY25 Q4 $4.6B
FY26 Q1 $4.6B
FY26 Q2 $4.7B
FY26 Q3 $4.8B
FY26 Q4 $4.8B
FY27 Q1 $4.9B
FY27 Q2 $5B
Revenue growth, TTM YoY Logitech International S.a.
-15% -10% -5% 0% 5% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: -11.7% Revenue growth, TTM YoY, FY24 Q4: -5.3% Revenue growth, TTM YoY, FY25 Q1: 1.3% Revenue growth, TTM YoY, FY25 Q2: 4.9% Revenue growth, TTM YoY, FY25 Q3: 7.3% Revenue growth, TTM YoY, FY25 Q4: 6.0% Revenue growth, TTM YoY, FY26 Q1: 4.6% Revenue growth, TTM YoY, FY26 Q2: 4.8% Revenue growth, TTM YoY, FY26 Q3: 4.6% Revenue growth, TTM YoY, FY26 Q4: 6.3% Revenue growth, TTM YoY, FY27 Q1: 6.6% Revenue growth, TTM YoY, FY27 Q2: 5.7% 5.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 -11.7%
FY24 Q4 -5.3%
FY25 Q1 1.3%
FY25 Q2 4.9%
FY25 Q3 7.3%
FY25 Q4 6.0%
FY26 Q1 4.6%
FY26 Q2 4.8%
FY26 Q3 4.6%
FY26 Q4 6.3%
FY27 Q1 6.6%
FY27 Q2 5.7%
Operating margin (TTM) Logitech International S.a.
10% 12% 14% 16% 18% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 11.7% Operating margin (TTM), FY24 Q4: 13.7% Operating margin (TTM), FY25 Q1: 15.0% Operating margin (TTM), FY25 Q2: 14.9% Operating margin (TTM), FY25 Q3: 14.9% Operating margin (TTM), FY25 Q4: 14.4% Operating margin (TTM), FY26 Q1: 14.4% Operating margin (TTM), FY26 Q2: 14.8% Operating margin (TTM), FY26 Q3: 15.6% Operating margin (TTM), FY26 Q4: 16.0% Operating margin (TTM), FY27 Q1: 17.7% Operating margin (TTM), FY27 Q2: 17.8% 17.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 11.7%
FY24 Q4 13.7%
FY25 Q1 15.0%
FY25 Q2 14.9%
FY25 Q3 14.9%
FY25 Q4 14.4%
FY26 Q1 14.4%
FY26 Q2 14.8%
FY26 Q3 15.6%
FY26 Q4 16.0%
FY27 Q1 17.7%
FY27 Q2 17.8%
FCF margin (TTM) Logitech International S.a.
15% 20% 25% 30% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 24.8% FCF margin (TTM), FY24 Q4: 25.3% FCF margin (TTM), FY25 Q1: 23.3% FCF margin (TTM), FY25 Q2: 21.8% FCF margin (TTM), FY25 Q3: 19.7% FCF margin (TTM), FY25 Q4: 17.3% FCF margin (TTM), FY26 Q1: 15.9% FCF margin (TTM), FY26 Q2: 17.0% FCF margin (TTM), FY26 Q3: 19.0% FCF margin (TTM), FY26 Q4: 20.2% FCF margin (TTM), FY27 Q1: 20.7% FCF margin (TTM), FY27 Q2: 19.2% 19.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 24.8%
FY24 Q4 25.3%
FY25 Q1 23.3%
FY25 Q2 21.8%
FY25 Q3 19.7%
FY25 Q4 17.3%
FY26 Q1 15.9%
FY26 Q2 17.0%
FY26 Q3 19.0%
FY26 Q4 20.2%
FY27 Q1 20.7%
FY27 Q2 19.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Logitech International took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $4.8B
  2. Other income $51.3M · 1.1%
  3. Cost of revenue $2.7B · 56.8%
  4. Gross profit $2.1B · 43.2%
  5. Research and development $316M · 6.5%
  6. Selling, general and admin $984M · 20.3%
  7. Operating income $775M · 16.0%
  8. Income tax $115M · 2.4%
  9. Net income $711M · 14.7%

Shares of revenue. Source: Logitech International's 10-K for FY2026, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Mar 2010 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Sept 2026
Income
Revenue 1,967 2,367 2,316 2,099 2,008 2,005 2,018 2,221 2,567 2,788 2,976 5,252 5,481 4,539 4,298 4,555 4,841 4,953
Gross profit 627 839 808 710 662 705 681 820 909 1,037 1,122 2,336 2,263 1,720 1,778 1,963 2,091 2,253
EBITDA 149 222 187 −184 155 195 180 253 271 307 319 1,199 862 535 650 715 839 947
Operating income 78 146 114 −252 106 154 129 212 230 263 276 1,148 774 458 587 655 775 881
Net income 65 128 104 −228 74 9 119 206 209 258 450 947 645 365 612 632 711 810
Diluted EPS $0.36 $0.73 $0.59 −$1.44 $0.46 $0.06 $0.72 $1.24 $1.23 $1.52 $2.66 $5.51 $3.78 $2.23 $3.87 $4.13 $4.80 $5.55
Growth (year on year)
Revenue −11.0% +20.3% −2.1% −9.4% −4.3% −0.2% +0.7% +10.1% +15.6% +8.6% +6.7% +76.5% +4.4% −17.2% −5.3% +6.0% +6.3% +5.7%
EBITDA −2.9% +49.0% −15.8% −198.4% — +26.4% −7.8% +40.4% +7.1% +13.1% +4.1% +275.4% −28.1% −38.0% +21.6% +9.9% +17.5% +25.4%
Operating income −28.5% +86.0% −21.8% −321.1% — +45.9% −16.3% +64.2% +8.4% +14.6% +5.1% +315.2% −32.6% −40.8% +28.1% +11.5% +18.4% +27.0%
Net income −39.3% +97.8% −18.9% −318.3% — −87.5% — +72.5% +1.3% +23.5% +74.6% +110.6% −32.0% −43.4% +67.9% +3.2% +12.6% +22.6%
Diluted EPS −39.0% +102.8% −19.2% −344.1% — −87.0% — +72.2% −0.8% +23.6% +75.0% +107.1% −31.4% −41.0% +73.5% +6.7% +16.2% +25.9%
Margins
Gross margin 31.9% 35.5% 34.9% 33.8% 32.9% 35.2% 33.7% 36.9% 35.4% 37.2% 37.7% 44.5% 41.3% 37.9% 41.4% 43.1% 43.2% 45.5%
EBITDA margin 7.6% 9.4% 8.1% −8.8% 7.7% 9.8% 8.9% 11.4% 10.6% 11.0% 10.7% 22.8% 15.7% 11.8% 15.1% 15.7% 17.3% 19.1%
Operating margin 4.0% 6.2% 4.9% −12.0% 5.3% 7.7% 6.4% 9.5% 8.9% 9.4% 9.3% 21.9% 14.1% 10.1% 13.7% 14.4% 16.0% 17.8%
Net margin 3.3% 5.4% 4.5% −10.8% 3.7% 0.5% 5.9% 9.3% 8.1% 9.2% 15.1% 18.0% 11.8% 8.0% 14.2% 13.9% 14.7% 16.4%
Free-cash-flow margin 16.5% 4.8% 6.4% 3.2% 7.9% 6.7% 6.4% 11.6% 11.9% 9.7% 13.0% 26.3% 3.8% 9.7% 25.3% 17.3% 20.2% 19.2%
Cash flow
Cash from operations 365 157 203 122 205 179 185 288 346 305 425 1,459 298 534 1,145 843 1,037 1,014
Capital spending 40 43 54 54 47 45 57 32 40 36 39 76 89 92 56 56 62 60
Free cash flow 325 114 148 68 159 133 129 257 307 269 386 1,382 209 442 1,089 786 976 953
Stock-based pay 26 35 32 25 26 26 27 36 44 50 55 86 93 71 83 90 112 107
Free cash flow after stock pay 300 79 117 43 133 108 101 221 262 219 331 1,296 116 371 1,006 697 863 846
Balance sheet
Cash 320 478 478 334 469 537 519 548 642 605 716 1,750 1,329 1,149 1,521 1,503 1,742 1,508
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −320 −478 −478 −334 −469 −537 −519 −548 −642 −605 −716 −1,750 −1,329 −1,149 −1,521 −1,503 −1,742 −1,508
Diluted shares 179m 179m 176m 158m 163m 166m 166m 166m 169m 169m 169m 172m 170m 164m 158m 153m 148m 146m
Returned to shareholders
Dividends — — — 133 36 44 86 93 104 114 124 147 159 159 182 208 233 —
Buybacks 126 — 156 88 0 2 70 84 31 32 50 165 412 418 504 589 535 591
Total returned 126 — 156 221 36 45 156 177 135 146 175 312 571 577 687 797 768 591

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $3.9bn
Short-term assets $3.0bnLonger-term assets $934m
What it owes, and who funded it · $3.9bn
Short-term liabilities $1.4bnLonger-term liabilities $354mShareholders' equity $2.2bn
  • Short-term assets cover short-term liabilities $3.0bn of assets due within a year against $1.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.0bn short-term assets against $354m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Logitech International S.a.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$591M
Returned to shareholders
62%
of free cash flow
Buybacks, last 3 fiscal years
$1.6B
Diluted share count
−2.6%
year over year
Total shareholder yield
4.3%
dividends 0.0% + buybacks 4.3% of market value
R&D spending
6.7%
of revenue
Days sales outstanding
55 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in technology hardware, storage & peripherals
Last 12 months unless stated LOGI NATL P DBD NTAP XRX Median
Revenue, last 12 months $5.0bn $4.4bn $4.3bn $3.9bn $6.5bn $7.8bn $3.9bn
Revenue growth, last 12 months 5.7% 3.7% 27.2% 6.3% 12.7% 25.6% 11.3%
Revenue growth, 3-year average 5.1% 2.4% 15.5% 3.4% 1.6% 2.7% 2.7%
Revenue growth, latest quarter 2.8% 0.1% 37.7% 5.2% 30.1% 22.0% 22.0%
Gross margin 45.5% — 69.7% 25.0% 80.3% — 34.7%
Operating margin 17.8% 11.5% 5.3% 5.4% 28.5% — 4.1%
Operating margin, 3-year average 15.8% 9.8% 3.8% 5.5% 25.0% — 4.2%
Net margin 16.4% 4.4% 5.9% 2.0% 21.8% −11.9% 2.0%
Cash from operations / revenue 20.5% 6.3% 10.0% 4.8% 29.2% 2.8% 6.3%
Free-cash-flow margin 19.2% 3.6% 3.0% 2.9% 25.4% 2.1% 3.0%
Free-cash-flow margin, 3-year average 19.3% 4.1% 13.7% 3.1% 26.2% 5.3% 4.7%
Stock pay / revenue 2.2% 0.8% 12.9% 0.4% 6.1% 0.5% 1.9%
Change in share count −2.6% 1.4% 2.0% −4.9% −3.1% 3.0% 1.4%

Median of all 27 companies we cover in technology hardware, storage & peripherals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

27 technology hardware, storage & peripherals companies
Measure Company Peer median Rank
Revenue growth Growth 5.7% 11.3% 19 of 27
Change in growth rate Growth -0.9pp +5.0pp 21 of 27
Gross margin Profitability 45.5% 41.2% 10 of 22
Operating margin Profitability 17.8% 5.3% 6 of 26
Net margin Profitability 16.4% 2.0% 6 of 27
Free-cash-flow margin Cash generation 19.2% 3.6% 7 of 26
Stock pay as % of revenue Cash generation 2.2% 1.9% 16 of 27
Change in share count Balance sheet -2.6% 1.4% 6 of 27
Days sales outstanding Balance sheet 55 days 54 days 13 of 23

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Products and services
Line of business Revenue Share YoY
Retail Gaming $1.4B 29.2% ▲ 5.7%
Retail Keyboards Desktops $938M 19.4% ▲ 6.2%
Retail Pointing Devices $859M 17.7% ▲ 8.9%
Retail Video Collaboration $689M 14.2% ▲ 10.1%
Retail Tablet and Other Accessories $336M 6.9% ▲ 12.2%
Retail Webcams $326M 6.7% ▲ 3.4%
Retail Headsets $180M 3.7% ▲ 0.1%
Other Retail Products $98.9M 2.0% ▼ 20.4%
Geography
Region Revenue Share YoY
Americas $2B 40.4% ▼ 0.9%
EMEA $1.5B 31.8% ▲ 8.9%
Asia Pacific $1.3B 27.8% ▲ 15.3%

From Logitech International S.a.'s 10-K filed May 21, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7.3B
Institutions reporting
381
Shares held vs prior quarter
▲ 7.6%
Positions opened / closed
46 / 33

Top buyers and sellers, Q2 2026: 201 institutions bought and 142 sold ; the biggest buyer was Assenagon Asset Management S.A (+2.0M shares) and the biggest seller UBS Group AG (−1.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Acadian Asset Management LLC $569M 6.1M 7.8% ▲ 32.6%
UBS Group AG $514M 5.5M 7.1% ▼ 25.8%
Morgan Stanley $513M 5.5M 7.1% ▲ 34.8%
Vanguard Capital Management LLC $438M 4.7M 6.0% ▲ 0.1%
Vontobel Holding Ltd. $414M 4.4M 5.7% ▼ 8.9%
Pictet Asset Management Holding SA $273M 2.9M 3.8% ▼ 1.8%
Zurcher Kantonalbank (Zurich Cantonalbank) $242M 2.6M 3.3% ▲ 7.3%
Deutsche Bank Ag\ $205M 2.2M 2.8% ▲ 5.1%
Assenagon Asset Management S.A. $196M 2.1M 2.7% ▲ 4554.3%
Jpmorgan Chase & Co $189M 1.9M 2.6% ▼ 7.6%
AQR Capital Management LLC $186M 2.0M 2.6% ▲ 92.4%
Renaissance Technologies LLC $171M 1.8M 2.4% ▼ 12.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Logitech International S.a.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.6M 4 trades by 1 insider · 100% under pre-set plans
Net ▼ $1.6M net selling
Insider Date Trade Shares Price Value
Harnett Samantha CHIEF LEGAL OFFICER September 11, 2026 Sell pre-set plan 500 $102.79 $51,395
Harnett Samantha CHIEF LEGAL OFFICER September 11, 2026 Sell pre-set plan 4,051 $99.96 $404,938
Harnett Samantha CHIEF LEGAL OFFICER September 11, 2026 Sell pre-set plan 5,884 $102.31 $601,992
Harnett Samantha CHIEF LEGAL OFFICER September 11, 2026 Sell pre-set plan 5,830 $101.22 $590,113

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in Logitech International S.a. disclosed in the last 12 months; 4 earlier trades on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded July 10, 2023, filed August 13, 2023
  • Daniel S. Goldman(D-NY 10):Sale (partial), $1,001 - $15,000, traded January 13, 2023, filed February 24, 2023
  • Greg Gianforte(MT):Purchase, $15,001 - $50,000, traded December 1, 2020, filed December 23, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 28, 2026
  • May 5, 2026
  • January 27, 2026
  • October 28, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on Logitech International S.a. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Logitech International S.a. in brief

What does Logitech International S.a. do?
Logitech International S.a. is a US-listed company in the technology hardware, storage & peripherals industry. Its financial year ends in March.
What is Logitech International S.a.'s stock ticker?
Logitech International S.a. trades under the ticker LOGI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Logitech International S.a.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Logitech International S.a. reported revenue of $5B, 5.7% higher than a year earlier, according to its SEC filings.
What is Logitech International S.a.'s free cash flow?
Logitech International S.a.'s free-cash-flow margin is 19.2% of revenue over the trailing twelve months, ranking 7 of the 26 technology hardware, storage & peripherals companies we cover.
What is Logitech International S.a.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Logitech International S.a.'s free cash flow after stock-based pay gives ~$130 per share in the base case, and ~$96–$160 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Logitech International S.a.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Acadian Asset Management LLC, UBS Group AG and Morgan Stanley. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Logitech International S.a. buying back stock, and does it pay a dividend?
Logitech International S.a. spent $591M on share repurchases over the trailing twelve months, and its diluted share count fell 2.6% over the year.
What is Logitech International S.a.'s market cap?
On November 2, 2026, Logitech International S.a.'s market capitalisation was about $13.8B, with a price-to-earnings ratio of 17.0 and net debt of -$1.5B. Market figures come from third-party market data and may be delayed.
Who are Logitech International S.a.'s competitors?
In our Technology Hardware, Storage & Peripherals peer group, the companies closest to Logitech International S.a. are NCR Atleos Corp, Everpure, Diebold Nixdorf, Inc, NetApp and Xerox Holdings Corp. The side-by-side comparison below sets their revenue, margins and growth against Logitech International S.a.'s.
Are insiders buying or selling Logitech International S.a. stock?
Over the last 12 months, Logitech International S.a.'s directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Logitech International S.a.'s next earnings date?
Around January 26, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Logitech International S.a. announces its own schedule.