Group 1 - The core investment thesis for Logitech (NASDAQ: LOGI) is a buy rating, driven by strong developments in the 3Q25 results, particularly in the VC segment and the introduction of AI-powered solutions [1] - The underlying demand for Logitech's products remains robust, indicating potential for continued growth [1] - The investment strategy focuses on long-term investments while also considering short-term opportunities to uncover alpha, emphasizing a bottom-up analysis of individual companies' fundamentals [1] Group 2 - The investment duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]

A month has gone by since the last earnings report for Logitech (LOGI) . Shares have added about 12.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Logitech due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, f ...

Sales Performance - Total sales for fiscal year 2025 increased by 6% compared to fiscal year 2024, driven by higher demand in Gaming, Keyboards & Combos, Pointing Devices, and Tablet Accessories [240]. - Net sales for fiscal year 2025 increased by 6% to $4,554.9 million compared to fiscal year 2024, with a constant currency sales growth rate of 7% [264]. - Sales in the EMEA, Asia Pacific, and Americas regions increased by 9%, 6%, and 4%, respectively, compared to fiscal year 2024 [240]. - The Gaming product category experienced a 9% sales increase to $1,338.5 million in fiscal year 2025, driven by higher sales of gaming mice and steering wheels [270]. - Tablet Accessories sales surged by 18% to $299.5 million in fiscal year 2025, supported by strong demand from the education sector [278]. - Other product category sales decreased by 15% to $124.2 million in fiscal year 2025, primarily due to a decline in mobile speaker sales [280]. Financial Performance - Gross margin for fiscal year 2025 improved by 170 basis points to 43.1%, up from 41.4% in fiscal year 2024, primarily due to lower product costs [241]. - Net income for fiscal year 2025 was $631.5 million, an increase from $612.1 million in fiscal year 2024, reflecting higher gross margin despite increased operating expenses [243]. - Gross profit for fiscal year 2025 was $1,962.6 million, representing a 10.4% increase from $1,778.0 million in fiscal year 2024, with a gross margin of 43.1% [281]. - Operating expenses for fiscal year 2025 were $1,307.7 million, or 28.7% of sales, compared to $1,190.7 million, or 27.7% of sales, in fiscal year 2024 [241]. - Marketing and selling expenses rose by $84.1 million in fiscal year 2025, driven by higher investments in marketing and advertising [286]. - Research and development expenses increased by $21.8 million in fiscal year 2025, reflecting greater investment in product innovation and higher personnel-related costs [288]. Tax and Income - The effective tax provision for fiscal year 2025 was $75.3 million, a significant increase from $9.5 million in fiscal year 2024, primarily due to discrete tax benefits recognized in the previous year [242]. - The provision for income taxes for fiscal year 2025 was $75,343,000, with an effective income tax rate of 10.7%, compared to $9,453,000 and 1.5% in fiscal year 2024, reflecting changes in tax positions and audit resolutions [299]. Cash Flow and Capital Management - Net cash provided by operating activities for fiscal year 2025 was $842,557,000, resulting from a net income of $631,500,000 and non-cash adjustments of $228,400,000 [317]. - Cash and cash equivalents as of March 31, 2025, were $1,503,200,000, a slight decrease from $1,520,800,000 as of March 31, 2024 [308]. - Working capital decreased to $1,491,600,000 as of March 31, 2025, from $1,545,500,000 as of March 31, 2024, primarily due to a decrease in accounts receivable and an increase in accrued liabilities [309]. - Net cash used in investing activities was $57,268,000, mainly for property, plant, and equipment purchases totaling $56,100,000 [318]. - Net cash used in financing activities was $797,360,000, primarily due to share repurchases of $588,800,000 and cash dividends of $207,900,000 [319]. Shareholder Returns and Repurchase Programs - The Board of Directors recommended a cash dividend of CHF 1.26 per share for fiscal year 2025, resulting in an aggregate gross dividend of approximately CHF 187.1 million [322]. - During the fiscal year ended March 31, 2025, the company repurchased 6.7 million shares for an aggregate cost of $588.0 million under the 2023 share repurchase program [323]. - The 2023 share repurchase program was increased by $600.0 million to a total of $1.6 billion, with plans to target $2 billion in share repurchases over the next three years [324]. - The company has a three-year share repurchase program that allows opportunistic repurchases during favorable market conditions, effective through July 27, 2026 [326]. Strategic Focus and Challenges - The company expects ongoing challenges from macroeconomic conditions, including inflation and foreign currency fluctuations, which may impact demand and pricing [237]. - The introduction of new products and business acquisitions is anticipated to significantly influence sales and operating expenses [239]. - The company is focusing on diversifying its manufacturing footprint and supplier ecosystem to mitigate risks associated with tariffs and geopolitical conditions [238]. - The ongoing growth in gaming and the adoption of new ways of working present opportunities for the company to expand its product offerings [242]. - The company has generated positive cash flows from operating activities for over ten years, but market volatility may increase costs of capital and affect business operations [328]. Investment and Commitments - As of March 31, 2025, the company had non-cancelable purchase commitments of $358.7 million for inventory purchases, with a liability of $19.6 million recorded for excess and obsolete inventory [329]. - The company has firm purchase commitments of $19.1 million for capital expenditures related to tooling and equipment for new and existing products [330]. - As of March 31, 2025, the company had $88.5 million in non-current income taxes payable related to uncertain tax positions [332]. Other Financial Metrics - Interest income for fiscal year 2025 was $54,997,000, an increase of 8.5% compared to $50,636,000 in fiscal year 2024, primarily due to a higher average cash equivalents balance [294]. - Other income (expense), net for fiscal year 2025 was a loss of $2,980,000, significantly improved from a loss of $16,376,000 in fiscal year 2024, driven by reduced losses on investments and currency exchange [295]. - As of March 31, 2025, accounts receivable, net, was $454,546,000, down from $541,715,000 in the previous year, indicating improved collection efficiency with a decrease in days sales outstanding (DSO) from 48 to 40 days [314][316].

Logitech International S.A. (LOGI) reported fourth-quarter fiscal 2025 non-GAAP earnings of 93 cents per share, which beat the Zacks Consensus Estimate by 8.1%. However, the bottom line decreased 6% on a year-over-year basis, primarily due to higher promotional spending and increased operating expenses. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)In the fourth quarter of fiscal 2025, LOGI reported revenues of $1.01 billion, which came in line with the consensus mark. Compared wi ...

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Core Insights - Logitech reported $1.01 billion in revenue for the quarter ended March 2025, reflecting a year-over-year decline of 0.1% and an EPS of $0.93 compared to $0.99 a year ago, with a surprise of -0.44% against the Zacks Consensus Estimate [1] - The company delivered an EPS surprise of +8.14%, with the consensus EPS estimate being $0.86 [1] Revenue Performance - Net Sales for Pointing Devices reached $185.86 million, exceeding the average estimate of $172.81 million, marking a year-over-year increase of +8.9% [4] - Net Sales for Keyboards & Combos were $220.63 million, slightly above the estimated $216.81 million, representing a +2% change year-over-year [4] - Net Sales for Webcams totaled $77.95 million, surpassing the average estimate of $73.14 million, with a +2.6% year-over-year change [4] - Net Sales for Headsets were $42.67 million, below the average estimate of $44.08 million, indicating a -6.1% year-over-year decline [4] - Net Sales for Video Collaboration amounted to $143.25 million, compared to the average estimate of $146.18 million, reflecting a -3.3% change year-over-year [4] - Net Sales for Gaming reached $261.81 million, falling short of the average estimate of $276.87 million, representing a -4.3% year-over-year decline [4] - Net Sales for Other products were $20.25 million, below the average estimate of $23.07 million, showing a significant -21.1% year-over-year decrease [4] - Net Sales for Tablet Accessories were $57.95 million, compared to the average estimate of $61.91 million, indicating a +3.9% year-over-year change [4] Stock Performance - Logitech shares have returned -7% over the past month, while the Zacks S&P 500 composite has changed by -0.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Logitech (LOGI) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.14%. A quarter ago, it was expected that this maker of keyboards, webcams and other computer accessories would post earnings of $1.38 per share when it actually produced earnings of $1.59, delivering a surprise of 15.22 ...

Financial Outlook - Logitech International S.A. reaffirmed its outlook for fiscal year 2025 while withdrawing its outlook for fiscal year 2026[5] Press Release - The press release regarding the financial results was issued on April 10, 2025[5] Stock Listing - The company is listed on both the SIX Swiss Exchange under the symbol LOGN and the Nasdaq Global Select Market under the symbol LOGI[2]

Logitech International S.A. (NASDAQ: LOGI ) is one of the leading computer peripheral companies in the world. The company is known for its computer keyboards, mice, headsets, and video conferencing devices. Logitech is also a market leader in gaming peripherals. In its InvestorSeeking Alpha is an outlet for my thoughts and all that is going through my mind regarding developments in the companies I'm tracking. I focus on strong companies undergoing strategic changes or undervalued by the stock market. Often, ...

Logitech (LOGI) shares soared 13.2% in the last trading session to close at $74.20. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 28.9% loss over the past four weeks.The upswing was likely driven by a broader market rally following US President Donald Trump’s announcement of pausing the reciprocal tariffs for 90 days. However, a baseline tariff of 10% on imports would continue to apply.This maker of keyboards, webcams and other ...