Logitech Reports Strong Q3 2026 Earnings Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Strong Financial Performance: Logitech reported a non-GAAP operating income of $312 million for Q3, reflecting a 17% year-over-year increase, showcasing the company's resilience and enhanced profitability post-pandemic.
- Sustained Sales Growth: Net sales reached $1.4 billion, marking a 4% year-over-year increase in constant currency, representing the eighth consecutive quarter of growth, indicating robust demand across various regions and channels.
- Product Innovation Leading Market: The MX Master 4 mouse achieved record sales in its first month, surpassing all previous personal workspace mouse sales in Logitech's history, highlighting the company's success in product innovation and market acceptance.
- Manufacturing Diversification Strategy: Logitech successfully reduced the percentage of U.S. products manufactured in China from 40% to below 10%, enhancing supply chain flexibility and risk resilience, thereby laying a solid foundation for future business growth.
Analyst Views on LOGI
Wall Street analysts forecast LOGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LOGI is 121.14 USD with a low forecast of 102.79 USD and a high forecast of 137.89 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 94.160
Low
102.79
Averages
121.14
High
137.89
Current: 94.160
Low
102.79
Averages
121.14
High
137.89
About LOGI
Logitech International S.A. is a Switzerland-based holding company. The Company’s purpose is to coordinate the activities of the various Swiss and foreign subsidiaries of the Logitech group. The Company focuses on designing and manufacturing products that enable people to connect and interact with digital content. Its portfolio includes Gaming, Keyboards & Combos, Pointing Devices, Video Collaboration, Webcams, Tablet Accessories, and Headsets. The Company sells its products to a broad range of international customers, in the Americas, Europe, the Middle East, Africa and Asia Pacific. This includes direct sales to retailers, e-tailers, businesses large and small and end consumers through our e-commerce platform, and indirect sales to end customers through distributors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
