Form 8-K
8-K — LOGITECH INTERNATIONAL S.A.
Accession: 0001032975-26-000059
Filed: 2026-10-27
Period: 2026-10-27
CIK: 0001032975
SIC: 3577 (COMPUTER PERIPHERAL EQUIPMENT, NEC)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — logi-20261027.htm (Primary)
EX-99.1 (exhibit991q2fy27.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: logi-20261027.htm · Sequence: 1
logi-20261027
0001032975false00010329752026-10-272026-10-27
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 27, 2026
LOGITECH INTERNATIONAL S.A.
(Exact name of registrant as specified in its charter)
Canton of Vaud, Switzerland 0-29174 None
(State or other jurisdiction
of incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)
Logitech International S.A.
EPFL - Quartier de l'Innovation
1015 Lausanne, Switzerland
c/o Logitech Inc.
3930 North First Street
San Jose,
California
95134
(Address of principal executive offices and zip code)
(510) 795-8500
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Registered Shares
LOGN
SIX Swiss Exchange
Registered Shares
LOGI
Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On October 27, 2026, Logitech International S.A. (“Logitech”) issued a press release regarding its financial results for the quarter ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.
The information in Item 2.02 and Item 9.01 of this Current Report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit Description
99.1
Press release issued on October 27, 2026, including financial results for the quarter ended September 30, 2026.
104 Cover Page Interactive Data File (Cover page XBRL tags are embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Logitech International S.A.
/s/ Johanna (Hanneke) Faber
Johanna (Hanneke) Faber
Chief Executive Officer
/s/ Matteo Anversa
Matteo Anversa
Chief Financial Officer
October 27, 2026
EX-99.1
EX-99.1
Filename: exhibit991q2fy27.htm · Sequence: 2
Document
Exhibit 99.1
Editorial Contacts:
Kate Beerkens, Director of Investor Relations - ir@logitech.com
Bruno Rodriguez, Head of Corporate Communications - mediarelations@logitech.com
Logitech Announces Q2 Fiscal Year 2027 Results
Second Quarter Marks Company's Eleventh Consecutive Quarter of Growth
LAUSANNE, Switzerland, and SAN JOSE, Calif., October 27, 2026 — SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the second quarter of Fiscal Year 2027.
•Sales were $1.22 billion, up 3 percent in US dollars and 2 percent in constant currency, compared to Q2 of the prior year.
•GAAP gross margin was 44.9 percent, up 150 basis points compared to Q2 of the prior year. Non-GAAP gross margin was 45.2 percent, up 140 basis points compared to Q2 of the prior year.
•GAAP operating income was $201 million, up 5 percent compared to Q2 of the prior year. Non-GAAP operating income was $231 million, up 0.4 percent compared to Q2 of the prior year.
•GAAP earnings per share (EPS) was $1.25, up 9 percent compared to Q2 of the prior year. Non-GAAP EPS was $1.51, up 4 percent compared to Q2 of the prior year.
•Cash flow from operations was $164 million. The quarter-ending cash balance was $1.51 billion.
•The Company returned $406 million of cash to shareholders in the quarter through its annual dividend and share repurchases.
"We delivered our eleventh consecutive quarter of growth and launched 19 new products for the holiday quarter," said Hanneke Faber, Logitech chief executive officer. "Growth in the Americas, Video Collaboration and Gaming supported our topline growth. Our strategic priorities and operational discipline continue to deliver."
"This Q2 marks another strong performance from our teams," said Matteo Anversa, Logitech chief financial officer. "Our gross margins were very strong, driving non-GAAP operating income well ahead of our outlook. We continued to execute rigorous cost management while funding targeted investments that will drive growth. Our commitment to a disciplined capital allocation model allowed us to return $406 million to shareholders, in the form of our annual dividend and share repurchases."
Outlook
As previously communicated, one of our semiconductor suppliers had a serious incident in its manufacturing facility, resulting in its closure at the end of June. The facility opened in September and began ramping up production. While the facility’s current capacity is below our required level, we expect it to resume full production by the end of the calendar year.
We expect Q3 net sales between –5% to 0% year over year in constant currency. This range includes an estimated negative impact to net sales from the supplier incident of approximately $70 to $80 million. We expect the impact of the supplier incident to be largely resolved by Q4.
Our financial outlook for the third quarter of Fiscal Year 2027:
Q3 FY27 outlook
Sales $1,360 - $1,430 million
Sales growth/decline (in US dollars, year over year)
'-4% - 1%
Sales growth/decline (in constant currency, year over year)
'-5% - 0%
Non-GAAP operating income $220 - $255 million
Financial Results Videoconference and Webcast
Logitech will hold a financial results videoconference to discuss the results for Q2 Fiscal Year 2027 on Tuesday, October 27, 2026 at 1:30 p.m. Pacific Daylight Time (PDT) and 9:30 p.m. Central European Time (CET).
A livestream of the event will be available on the Logitech corporate website at https://ir.logitech.com. This press release and the Q2 Fiscal Year 2027 Shareholder Letter are also available there.
Use of Non-GAAP Financial Information and Constant Currency
To facilitate comparisons to Logitech’s historical results, Logitech has included non-GAAP adjusted measures in this press release, which exclude share-based compensation expense, amortization of intangible assets, acquisition-related costs, restructuring charges (credits), net, loss (gain) on investments, non-GAAP income tax adjustment, and other items detailed under “Supplemental Financial Information” after the tables below and posted to our website at https://ir.logitech.com. Logitech also presents percentage sales growth in constant currency (“cc”), a non-GAAP measure, to show performance unaffected by fluctuations in currency exchange rates. Percentage sales growth in constant currency is calculated by translating prior period sales in each local currency at the current period’s average exchange rate for that currency and comparing that to current period sales. Logitech believes this information, used together with the GAAP financial information, will help investors to evaluate its current period performance, and trends in its business. With respect to the Company’s outlook for non-GAAP operating income and non-GAAP operating margin, most of the excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy. Therefore, no reconciliation to the GAAP amounts has been provided for the Q3 FY27 outlook.
Public Dissemination of Certain Information
Recordings of Logitech’s earnings videoconferences and certain events Logitech participates in or hosts, with members of the investment community are posted on the company’s investor relations website at https://ir.logitech.com. Additionally, Logitech provides notifications of news or announcements regarding its operations and financial performance, including its filings with the Securities and Exchange Commission (SEC), investor events, and press and earnings releases as part of its investor relations website. Logitech intends to use its investor relations website as means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Logitech’s corporate governance information also is available on its investor relations website.
About Logitech
Logitech creates design-led, software-enabled hardware solutions that help businesses thrive and bring people together when working, creating and gaming in the age of AI. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way that is good for people and the planet. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech and its other brands, including Logitech G, at www.logitech.com or company blog.
# # #
This press release contains 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 six months ended September 30, 2026; Q3 FY27 outlook, including for net sales and non-GAAP operating income, demand and growth expectations, the impact of the incident in the manufacturing facilities of one of our semiconductor suppliers, and related assumptions. The forward-looking statements in this press release are subject to risks and uncertainties that could cause Logitech's actual results and events to differ materially from those anticipated in these forward-looking statements, including, without limitation: macroeconomic and geopolitical conditions and other factors and their impact, for example the resilience of overall consumer demand, B2B and IT spending levels, changes in inflation levels and monetary policies, governments’ fiscal policies, and geopolitical conflicts; our expectations regarding our expense discipline efforts, including the timing thereof; changes in secular trends that impact our business; if our product offerings, marketing activities and investment prioritization decisions do not result in the sales, profitability or profitability growth we expect, or when we expect it; if we fail to innovate and develop new products in a timely and cost-effective manner for our new and existing product categories; issues relating to development and use of artificial intelligence; if we do not successfully execute on our growth opportunities or our growth opportunities are more limited than we expect; the effect of demand variability, supply shortages and other supply chain challenges affecting the availability and price of required components and materials; the effect of logistics challenges, including disruptions in logistics; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; if we are not able to maintain and enhance our brands; if our products and marketing strategies fail to separate our products from competitors’ products; if we do not efficiently manage our spending; our expectations regarding our restructuring efforts, including the timing thereof; if there is a deterioration of business and economic conditions in one or more of our sales regions or product categories, or significant fluctuations in exchange rates; changes in trade regulations, policies and agreements and the imposition of tariffs that affect our products or operations, including the ultimate treatment and any changes to tariff refunds; if we do not successfully execute on strategic acquisitions and investments; risks associated with acquisitions; the effect of changes to our effective income tax rates; and the ability and timing to resolve the impact of the incident in the supplier manufacturing facilities. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in Logitech’s periodic filings with the Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the fiscal year ended March 31, 2026 and other reports filed with the SEC, available at www.sec.gov, under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of this press release.
Note that unless noted otherwise, comparisons are year over year.
Logitech and other Logitech marks are trademarks or registered trademarks of Logitech Europe S.A. and/or its affiliates in the U.S. and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com.
(LOGIIR)
LOGITECH INTERNATIONAL S.A.
PRELIMINARY RESULTS*
(In thousands, except per share amounts) - unaudited
Three Months Ended
September 30, Six Months Ended
September 30,
GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 2026 2025 2026 2025
Net sales $ 1,218,838 $ 1,186,056 $ 2,446,072 $ 2,333,759
Cost of goods sold 671,248 669,418 1,289,847 1,336,010
Amortization of intangible assets 557 2,182 1,252 4,331
Gross profit 547,033 514,456 1,154,973 993,418
Operating expenses:
Marketing and selling 219,533 198,993 439,278 394,789
Research and development 82,725 76,110 167,348 150,697
General and administrative 42,983 41,802 86,508 83,599
Amortization of intangible assets and acquisition-related costs 927 1,818 1,853 4,464
Restructuring charges, net 309 4,442 879 6,484
Total operating expenses 346,477 323,165 695,866 640,033
Operating income 200,556 191,291 459,107 353,385
Interest income 12,441 11,828 26,540 23,057
Other income (expense), net 5,499 (64) 8,429 1,098
Income before income taxes 218,496 203,055 494,076 377,540
Provision for income taxes 38,461 32,385 78,344 60,855
Net income $ 180,035 $ 170,670 $ 415,732 $ 316,685
Net income per share:
Basic $ 1.26 $ 1.16 $ 2.90 $ 2.15
Diluted $ 1.25 $ 1.15 $ 2.88 $ 2.13
Weighted average shares used to compute net income per share:
Basic 142,946 147,123 143,214 147,487
Diluted 143,770 148,422 144,398 148,731
LOGITECH INTERNATIONAL S.A.
PRELIMINARY RESULTS*
(In thousands, except per share amounts) - unaudited
September 30, March 31,
CONDENSED CONSOLIDATED BALANCE SHEETS
2026 2026
Current assets:
Cash and cash equivalents $ 1,507,647 $ 1,741,546
Accounts receivable, net 750,692 505,867
Inventories 556,790 489,948
Other current assets 170,826 177,895
Total current assets 2,985,955 2,915,256
Non-current assets:
Property, plant and equipment, net 112,403 116,454
Goodwill 464,441 465,417
Other intangible assets, net 9,272 12,386
Other assets 347,810 339,075
Total assets $ 3,919,881 $ 3,848,588
Current liabilities:
Accounts payable $ 639,980 $ 530,983
Accrued and other current liabilities 763,140 781,990
Total current liabilities 1,403,120 1,312,973
Non-current liabilities:
Income taxes payable 97,390 86,322
Other non-current liabilities
256,122 237,899
Total liabilities 1,756,632 1,637,194
Shareholders’ equity:
Registered shares, CHF 0.25 par value
Issued shares: 160,784 at September 30, 2026 and March 31, 2026
28,001 28,001
Additional paid-in capital 86,555 123,386
Shares in treasury, at cost
Treasury shares: 18,584 and 17,282 at September 30, 2026 and March 31, 2026, respectively
(1,372,358) (1,207,454)
Retained earnings 3,536,801 3,381,278
Accumulated other comprehensive loss (115,750) (113,817)
Total shareholders’ equity 2,163,249 2,211,394
Total liabilities and shareholders’ equity $ 3,919,881 $ 3,848,588
LOGITECH INTERNATIONAL S.A.
PRELIMINARY RESULTS*
(In thousands) - unaudited
Three Months Ended
September 30, Six Months Ended
September 30,
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 2026 2025 2026 2025
Cash flows from operating activities:
Net income $ 180,035 $ 170,670 $ 415,732 $ 316,685
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation 15,624 15,871 32,984 30,935
Amortization of intangible assets 1,484 4,000 3,105 8,795
Loss (gain) on investments (1,598) 104 (2,155) 497
Share-based compensation expense 28,549 30,312 58,181 63,140
Deferred income taxes 469 10,083 14,341 22,196
Other (4) 13 (6) (12)
Changes in assets and liabilities:
Accounts receivable, net (86,078) (69,092) (248,745) (235,859)
Inventories (64,535) (19,084) (65,242) (1,780)
Other assets 38,853 2,333 9,064 (17,484)
Accounts payable 54,117 30,416 110,327 165,419
Accrued and other liabilities (3,355) 53,211 2,683 1,350
Net cash provided by operating activities 163,561 228,837 330,269 353,882
Cash flows from investing activities:
Purchases of property, plant and equipment (14,716) (16,557) (31,514) (32,833)
Purchases of deferred compensation investments (981) (776) (5,702) (4,037)
Proceeds from sales of deferred compensation investments 1,448 1,821 6,034 3,559
Other investing activities (5,078) (682) (5,292) (983)
Net cash used in investing activities (19,327) (16,194) (36,474) (34,294)
Cash flows from financing activities:
Payment of cash dividends (235,343) (233,059) (235,343) (233,059)
Purchases of registered shares (170,846) (106,606) (284,462) (228,263)
Proceeds from exercises of stock options and purchase rights 23,439 18,451 32,046 21,713
Tax withholdings related to net share settlements of restricted stock units (2,047) (2,173) (37,691) (18,211)
Net cash used in financing activities (384,797) (323,387) (525,450) (457,820)
Effect of exchange rate changes on cash and cash equivalents (1,469) (1,271) (2,244) 10,834
Net decrease in cash and cash equivalents (242,032) (112,015) (233,899) (127,398)
Cash and cash equivalents, beginning of the period 1,749,679 1,487,822 1,741,546 1,503,205
Cash and cash equivalents, end of the period $ 1,507,647 $ 1,375,807 $ 1,507,647 $ 1,375,807
LOGITECH INTERNATIONAL S.A.
PRELIMINARY RESULTS*
(In thousands) - unaudited
SUPPLEMENTAL FINANCIAL INFORMATION Three Months Ended
September 30, Six Months Ended
September 30,
NET SALES 2026 2025 Change 2026 2025 Change
Net sales by product category:
Gaming (1)
$ 349,252 $ 323,305 8 % $ 703,482 $ 639,180 10 %
Keyboards & Combos 246,442 235,870 4 474,240 458,362 3
Pointing Devices 230,397 221,094 4 457,709 416,874 10
Video Collaboration 188,446 167,677 12 373,706 334,393 12
Webcams 75,648 83,301 (9) 152,229 167,676 (9)
Tablet Accessories 57,959 85,061 (32) 147,354 176,288 (16)
Headsets 46,052 43,498 6 90,185 89,020 1
Other (2)
24,642 26,250 (6) 47,167 51,966 (9)
Total Net Sales $ 1,218,838 $ 1,186,056 3 % $ 2,446,072 $ 2,333,759 5 %
(1) Gaming includes streaming services revenue generated by Streamlabs.
(2) Other primarily consists of mobile speakers and PC speakers.
LOGITECH INTERNATIONAL S.A.
PRELIMINARY RESULTS*
(In thousands, except per share amounts) - unaudited
SUPPLEMENTAL FINANCIAL INFORMATION Three Months Ended
September 30, Six Months Ended
September 30,
GAAP TO NON-GAAP RECONCILIATION (A)
2026 2025 2026 2025
Gross profit - GAAP $ 547,033 $ 514,456 $ 1,154,973 $ 993,418
Share-based compensation expense 3,455 3,359 5,637 5,739
Amortization of intangible assets 557 2,182 1,252 4,331
Gross profit - Non-GAAP $ 551,045 $ 519,997 $ 1,161,862 $ 1,003,488
Gross margin - GAAP 44.9 % 43.4 % 47.2 % 42.6 %
Gross margin - Non-GAAP 45.2 % 43.8 % 47.5 % 43.0 %
Operating expenses - GAAP $ 346,477 $ 323,165 $ 695,866 $ 640,033
Less: Share-based compensation expense 25,094 26,953 52,544 57,401
Less: Amortization of intangible assets and acquisition-related costs 927 1,818 1,853 4,464
Less: Restructuring charges, net 309 4,442 879 6,484
Operating expenses - Non-GAAP $ 320,147 $ 289,952 $ 640,590 $ 571,684
% of net sales - GAAP 28.4 % 27.2 % 28.4 % 27.4 %
% of net sales - Non-GAAP 26.3 % 24.4 % 26.2 % 24.5 %
Operating income - GAAP $ 200,556 $ 191,291 $ 459,107 $ 353,385
Share-based compensation expense 28,549 30,312 58,181 63,140
Amortization of intangible assets and acquisition-related costs 1,484 4,000 3,105 8,795
Restructuring charges, net 309 4,442 879 6,484
Operating income - Non-GAAP $ 230,898 $ 230,045 $ 521,272 $ 431,804
% of net sales - GAAP 16.5 % 16.1 % 18.8 % 15.1 %
% of net sales - Non-GAAP 18.9 % 19.4 % 21.3 % 18.5 %
Net income - GAAP $ 180,035 $ 170,670 $ 415,732 $ 316,685
Share-based compensation expense 28,549 30,312 58,181 63,140
Amortization of intangible assets and acquisition-related costs 1,484 4,000 3,105 8,795
Restructuring charges, net 309 4,442 879 6,484
Loss (gain) on investments (1,598) 104 (2,155) 497
Non-GAAP income tax adjustment 7,883 6,047 9,927 8,142
Net income - Non-GAAP
$ 216,662 $ 215,575 $ 485,669 $ 403,743
Net income per share:
Diluted - GAAP $ 1.25 $ 1.15 $ 2.88 $ 2.13
Diluted - Non-GAAP $ 1.51 $ 1.45 $ 3.36 $ 2.71
Shares used to compute net income per share:
Diluted - GAAP and Non-GAAP 143,770 148,422 144,398 148,731
LOGITECH INTERNATIONAL S.A.
PRELIMINARY RESULTS*
(In thousands) - unaudited
SUPPLEMENTAL FINANCIAL INFORMATION Three Months Ended
September 30, Six Months Ended
September 30,
SHARE-BASED COMPENSATION EXPENSE 2026 2025 2026 2025
Share-based Compensation Expense
Cost of goods sold $ 3,455 $ 3,359 $ 5,637 $ 5,739
Marketing and selling 10,312 12,141 22,133 26,071
Research and development 5,643 5,666 12,240 12,017
General and administrative 9,139 9,146 18,171 19,313
Total share-based compensation expense 28,549 30,312 58,181 63,140
Income tax benefit (4,363) (6,015) (13,206) (10,921)
Total share-based compensation expense, net of income tax benefit $ 24,186 $ 24,297 $ 44,975 $ 52,219
*Note: These preliminary results for the three and six months ended September 30, 2026 are subject to adjustments, including subsequent events that may occur through the date of filing our Quarterly Report on Form 10-Q.
(A) 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 for forecasting and planning future periods. We consider the use of non-GAAP financial measures helpful in assessing our current financial performance, ongoing operations and prospects for the future as well as understanding financial and business trends relating to our financial condition and results of operations.
While we use non-GAAP financial measures as a tool to enhance our understanding of certain aspects of our financial performance and to provide incremental insight into the underlying factors and trends affecting both our performance and our cash-generating potential, we do not consider these measures to be a substitute for, or superior to, the information provided by GAAP financial measures. Consistent with this approach, we believe that disclosing non-GAAP financial measures to the readers of our financial statements provides useful supplemental data that, while not a substitute for GAAP financial measures, can offer insight in the review of our financial and operational performance and enable investors to more fully understand trends in our current and future performance. In assessing our business during the quarter ended September 30, 2026 and prior periods presented, we excluded items in the following general categories, each of which are described below:
Share-based compensation expense. We believe that providing non-GAAP measures excluding share-based compensation expense, in addition to the GAAP measures, allows for a more transparent comparison of our financial results from period to period. We prepare and maintain our budgets and forecasts for future periods on a basis consistent with this non-GAAP financial measure. Further, companies use a variety of types of equity awards as well as a variety of methodologies, assumptions and estimates to determine share-based compensation expense. We believe that excluding share-based compensation expense enhances our ability and the ability of investors to understand the impact of non-cash share-based compensation on our operating results and to compare our results against the results of other companies.
Amortization of intangible assets. We incur intangible asset amortization expense, primarily in connection with our acquisitions of various businesses and technologies. The amortization of purchased intangibles varies depending on the level of acquisition activity. We exclude these various charges in budgeting, planning and forecasting future periods and we believe that providing the non-GAAP measures excluding these various non-cash charges, as well as the GAAP measures, provides additional insight when comparing our gross profit, operating expenses, and financial results from period to period.
Acquisition-related costs. We incurred expenses in connection with our acquisitions which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. Acquisition-related costs include certain incremental expenses incurred to effect a business combination. We believe that providing the non-GAAP measures excluding these costs, as well as the GAAP measures, assists our investors because such costs are not reflective of our ongoing operating results.
Restructuring charges (credits), net. These charges (credits) are associated with restructuring plans and will vary based on the initiatives in place during any given period. Restructuring charges may include costs related to employee terminations, facility closures and early cancellation of certain contracts as well as other costs resulting from our restructuring initiatives. We believe that providing the non-GAAP measures excluding these items, as well as the GAAP measures, assists our investors because such charges (credits) are not reflective of our ongoing operating results.
Loss (gain) on investments. We recognize losses (gains) related to our investments in various companies, which vary depending on the operational and financial performance of the companies in which we invest. These amounts include our losses (earnings) on equity method investments as well as investment impairments and losses (gains) resulting from sales or other events related to our investments. We believe that providing the non-GAAP measures excluding these items, as well as the GAAP measures, assists our investors because such losses (gains) are not reflective of our ongoing operations.
Non-GAAP income tax adjustment. Non-GAAP income tax adjustment primarily measures the income tax effect of non-GAAP adjustments excluded above as well as the income tax impact of non-recurring deferred taxes, tax settlements, and other non-routine tax events, the determination of which is based upon the nature of the underlying items.
Each of the non-GAAP financial measures described above, and used in this press release, should not be considered in isolation from, or as a substitute for, a measure of financial performance prepared in accordance with GAAP. Further, investors are cautioned that there are inherent limitations associated with the use of each of these non-GAAP financial measures as an analytical tool. In particular, these non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and many of the adjustments to the GAAP financial measures reflect the exclusion of items that are recurring and may be reflected in the Company’s financial results for the foreseeable future. We compensate for these limitations by providing specific information in the reconciliation included in this press release regarding the GAAP amounts excluded from the non-GAAP financial measures. In addition, as noted above, we evaluate the non-GAAP financial measures together with the most directly comparable GAAP financial information.
Additional Supplemental Financial Information - Constant Currency
In addition, Logitech presents percentage sales growth in constant currency to show performance unaffected by fluctuations in currency exchange rates. Percentage sales growth in constant currency is calculated by translating prior period sales in each local currency at the current period’s average exchange rate for that currency and comparing that to current period sales.
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 7
v3.26.3
COVER PAGE
Oct. 27, 2026
Cover [Abstract]
Document Type
8-K
Document Period End Date
Oct. 27, 2026
Entity Registrant Name
LOGITECH INTERNATIONAL S.A.
Entity Incorporation, State or Country Code
V8
Entity File Number
0-29174
Entity Address, Address Line One
1015 Lausanne, Switzerland
Entity Address, Country
CH
Entity Address, Address Line Two
c/o Logitech Inc.
Entity Address, Address Line Three
3930 North First Street
Entity Address, City or Town
San Jose,
Entity Address, State or Province
CA
Entity Address, Postal Zip Code
95134
City Area Code
(510)
Local Phone Number
795-8500
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Registered Shares
Trading Symbol
LOGI
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
false
Entity Central Index Key
0001032975
Amendment Flag
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 3 such as an Office Park
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine3
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
ISO 3166-1 alpha-2 country code.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCountry
Namespace Prefix:
dei_
Data Type:
dei:countryCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration