Logitech stock faces supplier risk after another growth quarter
Published on 11/03/2026 at 18:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth Meets A Supply Constraint
- Logitech reported its eleventh consecutive quarter of year-over-year growth in fiscal second-quarter sales.
- A semiconductor supplier incident is expected to reduce fiscal third-quarter sales while management targets recovery by fiscal fourth quarter.
- Gaming and Video Collaboration led the quarter, but component availability remains the key holiday-period execution risk.
Logitech reported another quarter of growth on October 27, but a semiconductor supplier incident is expected to weigh on the holiday period. The update was covered by AD HOC NEWS.
Logitech 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. The result marked the company's eleventh consecutive quarter of year-over-year growth. GAAP operating income increased 5 percent to 201 million US dollars, while non-GAAP operating income reached 231 million US dollars.
Demand Holds As Supply Tightens
Gaming sales increased 8 percent year over year to 349.3 million US dollars, while Video Collaboration revenue rose 12 percent to 188.4 million US dollars. Keyboards and Combos grew 4 percent, and Pointing Devices gained 4 percent. Tablet Accessories declined 32 percent and Webcams fell 9 percent.
GAAP gross margin reached 44.9 percent, up from 43.4 percent a year earlier. Non-GAAP gross margin was 45.2 percent, supported by growth in the Americas, Video Collaboration and Gaming, as well as cost management and operational execution.
Supplier Incident Sets The Next Test
A semiconductor supplier's manufacturing facility closed at the end of June after a serious incident and reopened in September below Logitech's requirements. Logitech expects full production by the end of the calendar year and says the disruption should be largely resolved in fiscal fourth quarter.
Management expects fiscal third-quarter sales of 1.36 billion to 1.43 billion US dollars and non-GAAP operating income of 220 million to 255 million US dollars. The supplier incident is expected to reduce sales by 70 million to 80 million US dollars during the quarter, while constant-currency sales are expected to range from a 5 percent decline to flat year over year.
What Changed Since The Last Report
Logitech stock traded at 83.35 euros on Lang & Schwarz at 18:06 CET on Tuesday, November 3, 2026, 1.36 percent below the 84.50-euro quote in the previous report at 11:42 CET the same day. The comparison reflects the move since that report and is separate from a daily Xetra comparison.
The real-time quote of Logitech stock provides the latest trading reference. Investors are watching whether supplier capacity can keep pace with holiday demand and whether stronger margins can offset delivery constraints.
European equities are monitored against the Swiss Market Index as the broader regional market backdrop.
More news and analyses on Logitech stock track supplier capacity, holiday-quarter execution and the next fiscal results.
Logitech International S.A.
- ISIN: CH0025751329
- Trading symbols: LOGN on the SIX Swiss Exchange; LOGI on Nasdaq
- Latest quote: 83.35 euros on Lang & Schwarz, Tuesday, November 3, 2026, 18:06 CET
- Fiscal period: Second quarter of fiscal year 2027, ended September 30, 2026
