Logitech International reported second quarter Fiscal Year 2027 results from the SIX Swiss Exchange and Nasdaq. Sales reached $1.22 billion, up 3 percent in US dollars and 2 percent in constant currency year-over-year. GAAP gross margin expanded 150 basis points to 44.9 percent, while Non-GAAP gross margin rose 140 basis points to 45.2 percent.
GAAP operating income increased 5 percent to $201 million, and Non-GAAP operating income grew 0.4 percent to $231 million. GAAP earnings per share rose 9 percent to $1.25, and Non-GAAP EPS increased 4 percent to $1.51. Cash flow from operations totaled $164 million, with a quarter-ending cash balance of $1.51 billion.
The company returned $406 million to shareholders through dividends and share repurchases. CEO Hanneke Faber highlighted eleven consecutive quarters of growth and the launch of 19 new holiday products. CFO Matteo Anversa emphasized strong gross margins and disciplined capital allocation.
The outlook notes a semiconductor supplier incident causing a $70-$80 million sales impact in Q3, with full capacity expected by calendar year-end.
Source: TechPowerUp News · Summarized by HeadlinesBriefing