Logitech International S.a. · SIX:LOGN
Logitech International — Q3 2026 Earnings Presentation
20 slides from Logitech International's earnings presentation, Jan 27, 2026
Slide 1: Q3 2026 Shareholder Letter
Q3 2026 Shareholder Letter January 27, 2026
Slide 2: Q3 FY26 Highlights
Q3 FY26 Highlights Net Sales $1,421M $1,340M Q3 FY26 net sales were $1.42 billion, up 4% (cc) versus Q3 FY25. We grew +6% US $ net sales across most of our core +4% (cc) categories. Market share was up Q3 FY25 Q3 FY26 in the quarter in Pointing Devices, Keyboards & Combos, GAAP Gross Margin Video Co
Slide 3: Dear Logitech Shareholder
Dear Logitech Shareholder, During the third quarter, we delivered another strong financial performance anchored in operational discipline. With the exception of pandemic peaks, we drove record operating income and earnings per share. Gross margins expanded despite tariff headwinds, underscoring the
Slide 4: Our performance was driven by our strategic priorities
Our performance was driven by our strategic priorities: Superior innovation: new products thrive Our ongoing commitment to superior innovation brings bold, iconic products to life through world-class design. At the end of Q2, we launched the premium MX Master 4, the next generation of our flagship m
Slide 5: Q3 FY26 Results
Q3 FY26 Results Q3 FY26 net sales were $1.42 billion, up 6% in U.S. dollars and 4% in constant currency compared to the prior year. GAAP gross margin was 43.2%, up 30 basis points year over year. Non-GAAP gross margin was 43.5%, up 30 basis points year over year. The expansion in non-GAAP gross marg
Slide 6: Q4 Fiscal Year 2026 Outlook
Q4 Fiscal Year 2026 Outlook We are providing a financial outlook for the fourth quarter of FY26. The outlook calls for continued top-line growth and strong operating income. Q4 FY26 Outlook ($ millions) Q4 FY26 FY26 Outlook Outlook Net sales $1,070 – $1,090 $4,825 – $4,845 Net sales growth (USD, Y/Y
Slide 7: What's new from Logitech
What’s new from Logitech Logitech: MX Master 4 experience pop-up store We unveiled our first U.S. experience store during the holiday season in San Francisco’s iconic Union Square to celebrate the launch of the premium MX Master 4. This next evolution of our flagship mouse is designed for advanced u
Slide 8: Sustainability
Sustainability Logitech was selected for inclusion in the Dow Jones Sustainability Europe Index (DJSI Europe) for the sixth consecutive year. The Index recognizes outstanding performance in advancing Environmental, Social, and Governance (ESG) criteria, a benchmark for global sustainability leadersh
Slide 9: Financial Discussion
Financial Discussion Q3 FY26 Results For Q3, net sales in constant currency increased by 4% year over year to $1.42 billion, driven by robust demand in both our enterprise and consumer businesses. Both non-GAAP gross margin of 43.5% and non-GAAP operating margin of 22.0% were strong in Q3, reflectin
Slide 10: Gaming, Personal Workspace Solutions, Video Collaboration
Gaming Tablet Accessories Tablet Accessories net sales grew by 19% (cc) year over year. Gaming net sales grew by 2% (cc) year over year. Asia This category had an exceptional quarter, driven by Pacific delivered a third consecutive quarter of double-digit significant traction in the education vertic
Slide 11: Net Retail Sales by Region
Net Retail Sales by Region Asia Pacific, EMEA and Americas net sales grew year over year: Americas EMEA Asia Pacific Net sales in the Americas were Net sales in our EMEA region increased Net sales in our Asia Pacific region positive at 0.3% (cc), led by the U.S. by 2% (cc). Sales growth was primaril
Slide 12: Non-GAAP Gross Margin and Operating Expenses
Non-GAAP Gross Margin Q3 FY26 non-GAAP gross margin was 43.5%, up 30 basis points versus Q3 FY25. This expansion was driven by product cost reductions, U.S. pricing actions, and favorable currency exchange rates offsetting tariffs and investment in strategic promotions. Quarterly Non-GAAP Gross Marg
Slide 13: Profitability
Profitability GAAP operating income in Q3 was $286 million, up 22% year over year. GAAP operating margin in Q3 was 20.1% versus 17.5% last year, up 260 basis points year over year. Q3 diluted GAAP EPS was $1.69, up 28%. Non-GAAP operating income in Q3 was $312 million, up 17% year over year. Non-GAA
Slide 14: Balance Sheet and Cash Flows; Share count and repurchases
Balance Sheet and Cash Flows At the end of Q3, our cash and cash equivalents were $1.8 Our DSO for Q3 was 43 days (versus 44 days in Q3 last billion, up 21% year over year. Cash flow from operations year), DOI was 50 days (versus 57 days in Q3 last year) and was strong at $481 million in Q3, up $110
Slide 15: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation, statements regarding our preliminary financial results for the three and nine months ended December 31, 2025; Q4 FY26 outlook, inclu
Slide 16: Non-GAAP Financial Measures
Non-GAAP Financial Measures To supplement our condensed consolidated financial results prepared in accordance with GAAP, we use a number of financial measures, both GAAP and non-GAAP, in analyzing and assessing our overall business performance for making operating decisions and forecasting and plann
Slide 17: GAAP to Non-GAAP Reconciliation: Gross margin
GAAP to Non-GAAP Reconciliation LOGITECH INTERNATIONAL S.A. PRELIMINARY RESULTS* (In thousands, except per share amounts) Unaudited Supplemental Financial Information GAAP to non-GAAP reconciliation(A) Three months ended Dec 31 Nine months ended Dec 31 2025 2024 2025 2024 Gross profit - GAAP $614,63
Slide 18: GAAP to Non-GAAP Reconciliation: Operating income
GAAP to Non-GAAP Reconciliation LOGITECH INTERNATIONAL S.A. PRELIMINARY RESULTS* (In thousands, except per share amounts) Unaudited Supplemental Financial Information GAAP to non-GAAP reconciliation(A) Three months ended Dec 31 Nine months ended Dec 31 2025 2024 2025 2024 Operating income - GAAP $28
Slide 19: GAAP to Non-GAAP Reconciliation: Sell-through data
GAAP to Non-GAAP Reconciliation LOGITECH INTERNATIONAL S.A. PRELIMINARY RESULTS* (In thousands) Unaudited Supplemental Financial Information GAAP to non-GAAP reconciliation(A) Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Gross profit - GAAP $574,441 $435,811 $478,962 $514,456 $614,639 Share-based compensation expe
Slide 20: www.logitech.com
www.logitech.com EPFL — Quartier de l’Innovation Daniel Borel Innovation Center CH — 1015 Lausanne, Switzerland
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