Logitech (LOGN) investor relations material

Executive summary

• FY26 net sales grew 6% in USD (4% in constant currency) to $4.84 billion, with strong market share gains across key segments and geographies.

• Delivered record non-GAAP gross margin of 43.6% and operating margin of 18.8%, with non-GAAP operating income up 18% to $911 million.

• Returned $768 million to shareholders via share repurchases and dividends, and generated over $1 billion in operating cash flow.

• Q4 FY26 sales were $1.09 billion, up 7% in USD and 3% in constant currency, with 25% higher non-GAAP operating income and strong global market share gains.

• GAAP EPS increased 16% to $4.80; non-GAAP EPS up 19% to $5.78 year-over-year.

Financial highlights

• FY26 net sales reached $4.84 billion, up 6% year-over-year (4% in constant currency).

• Q4 net sales were $1.09 billion, up 7% in USD and 3% in constant currency.

• Q4 non-GAAP gross margin was 44.8%, up 130 basis points year-over-year.

• Q4 non-GAAP operating income reached $167 million, up 25% year-over-year, with operating margin expanding to 15.3%.

• Cash flow from operations for FY26 was $1.04 billion; year-end cash balance stood at $1.7 billion.

Outlook and guidance

• Q1 FY27 net sales expected between $1.19 and $1.215 billion, representing 4–6% year-over-year growth in USD and 2–4% in constant currency.

• Q1 FY27 non-GAAP operating income projected at $195–$215 million.

• Targeting mid to high single-digit organic top-line growth for FY27, with operating margins at the high end of long-term targets.