Logitech stock faces supplier risk after another growth quarter

Logitech reported another quarter of year-over-year growth on October 27, but a semiconductor supplier incident is expected to weigh on the holiday quarter. The company said sales for the fiscal second quarter ended September 30 rose 3 percent in US dollars to 1.22 billion US dollars, or 2 percent in constant currency, according to its investor-relations release.

The result marked Logitech's eleventh consecutive quarter of growth. GAAP operating income increased 5 percent to 201 million US dollars, while non-GAAP operating income reached 231 million US dollars, up 0.4 percent from the prior-year quarter. GAAP diluted earnings per share rose 9 percent to 1.25 US dollars; non-GAAP diluted earnings per share increased 4 percent to 1.51 US dollars.

Gaming And Collaboration Lead

Growth was concentrated in several core categories. Gaming sales increased 8 percent year over year to 349.3 million US dollars, while Video Collaboration revenue climbed 12 percent to 188.4 million US dollars. Keyboards and Combos grew 4 percent, and Pointing Devices rose 4 percent. Tablet Accessories declined 32 percent, and Webcams fell 9 percent.

Gross margin also strengthened. GAAP gross margin was 44.9 percent, compared with 43.4 percent a year earlier, while non-GAAP gross margin reached 45.2 percent. Logitech attributed the quarter's performance to growth in the Americas, Video Collaboration and Gaming, alongside cost management and operational execution.

Supplier Incident Shapes Q3

One semiconductor supplier experienced a serious incident at its manufacturing facility, which closed at the end of June. The facility reopened in September and began ramping production, but its capacity remains below Logitech's requirements. The company expects full production by the end of the calendar year and says the disruption should be largely resolved in the fiscal fourth quarter.

For fiscal third-quarter sales, Logitech expects 1.36 billion to 1.43 billion US dollars. That corresponds to a year-over-year change of minus 5 percent to flat in constant currency. Management estimates the supplier incident will reduce sales by 70 million to 80 million US dollars during the quarter. Non-GAAP operating income is expected to range from 220 million to 255 million US dollars.

Logitech stock traded at 84.50 euros on Lang & Schwarz at 11:42 CET on Tuesday, November 3, 2026. Investors are weighing resilient demand and stronger margins against the risk that constrained component availability limits product deliveries during the holiday period. The real-time quote of Logitech stock is available separately.

Logitech International S.A. at a glance

• Company: Logitech International S.A.
• ISIN: CH0025751329
• Trading symbols: LOGN on the SIX Swiss Exchange; LOGI on Nasdaq
• Latest quote: 84.50 euros on Lang & Schwarz, Tuesday, November 3, 2026, 11:42 CET
• Fiscal quarter: Second quarter of fiscal year 2027, ended September 30, 2026

European equities are monitored against the Swiss Market Index as investors assess the broader regional market backdrop.

Further updates will depend on Logitech's holiday-quarter execution, supplier capacity and the company's fiscal third-quarter results. More news and analyses on Logitech stock provide additional coverage.