Logitech stock gets a Hold call after a strong Q1

Published on 09/28/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Logitech stock delivered USD 1.227 billion in Q1 fiscal 2027 revenue, up 6.88 percent year over year. The SIX quote was CHF 83.60 on September 28, 2026, 18.68 percent below its 52-week high.

Photorealistic home office desk with an unbranded wireless keyboard, sleek mouse, webcam mounted on a widescreen monitor, soft window light, warm neutral tones, minimalist workspace setup — Logitech CH0025751329 zeigt aufgeräumten Home-Office-Schreibtisch mit Tastatur, Maus, Webcam und großem Monitor, Illustration mit AI erstellt.

Logitech International (ISIN CH0025751329) was trading at CHF 83.60 on the SIX Swiss Exchange on September 28, 2026, down 0.48 percent from the previous close of CHF 84.00. The latest analyst signal was cautious: Wall Street Zen downgraded Logitech from Buy to Hold, according to MarketBeat on September 28, 2026.

A fresh Hold signal

The downgrade contrasts with Logitech's latest operating performance. The company reported Q1 fiscal 2027 revenue of USD 1.227 billion, a 6.88 percent increase from USD 1.148 billion in the prior-year quarter, according to Scanx in its September 17, 2026 report.

Adjusted EPS reached USD 1.85, up 46.83 percent from USD 1.26 a year earlier. GAAP EPS was USD 1.63, while GAAP net income totaled USD 235.7 million for the quarter, the same report said.

Profit growth needs a closer look

Logitech's non-GAAP operating income rose 44 percent year over year to USD 290 million in Q1 fiscal 2027. The figure included USD 61 million in tariff refunds; excluding that item, operating income was USD 229 million, up 14 percent year over year, according to Benzinga on September 17, 2026.

That distinction matters for the next comparison. Logitech's reported non-GAAP gross margin was 49.8 percent, but the margin excluding the tariff reimbursement was 44.8 percent, leaving underlying execution as the more useful measure for investors.

October brings the next test

Logitech's next earnings report is scheduled for October 26, 2026, according to Investing.com. For Q2 fiscal 2027, the company expects revenue of USD 1.19 billion to USD 1.22 billion, representing 0 percent to 3 percent year-over-year growth, with non-GAAP operating income of USD 185 million to USD 210 million, according to Zacks on September 7, 2026.

Stock stays below yearly high

The SIX quote stood at CHF 83.60 on September 28, 2026, within a 52-week range of CHF 65.00 to CHF 102.80 and 18.68 percent below the upper end. Logitech's market capitalization was CHF 12.0 billion on the same date.