Overview
- Logitech reported a better-than-expected second-quarter non-GAAP operating income of $231 million and sales of $1.22 billion driven by product demand.
- Gaming sales rose 8 percent on the quarter helped by 15 new product launches and video-collaboration revenue climbed 12 percent as businesses refreshed office equipment.
- The company reduced its estimate of lost sales from a semiconductor supplier's forced factory closure from $200 million to $70–$80 million after qualifying alternate suppliers.
- Logitech said the supplier's factory reopened in September and that full production is expected to resume by the end of 2026, but the company still expects higher costs to weigh on margins.
- For the December quarter Logitech guided revenue of $1.36–$1.43 billion and non-GAAP operating income of $220–$255 million and the stock fell on investor concerns about margin pressure.