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Logitech's second-quarter earnings boosted by AI-enabled products
Yahoo Finance· 2025-10-28 20:11
Core Insights - Logitech reported better-than-expected sales and earnings for Q2, driven by increased sales of AI-enabled products [1][2] - Sales rose 6% to $1.19 billion, slightly above analyst estimates of $1.18 billion [1] - Non-GAAP operating income increased 19% to $230 million, surpassing estimates of $196 million [2] Sales Performance - Sales to businesses increased, particularly in video conferencing equipment and computer peripherals for hybrid work [2] - Computer keyboard sales rose 12%, while mouse sales jumped 13% [2] - Video collaboration device sales increased by 5% [2] - Gaming product sales grew by 8%, supported by 12 new product launches [3] Strategic Initiatives - The company is shifting production from China to mitigate U.S. tariff impacts, while maintaining supply to China from its Suzhou plant [4] - Logitech raised prices by 10% in the U.S. in April to counteract tariff effects [4] Future Outlook - For the upcoming quarter, Logitech expects sales between $1.38 billion and $1.42 billion, reflecting a 3%-6% increase [5] - Non-GAAP operating income is projected to be between $270 million and $290 million [5]