LOGINasdaqComputer Peripheral Equipment, NECUS GAAP · USD

Logitech International S.A. - Registered Shares

Logitech International S.A. designs software-enabled hardware that connects people to computers, games, and collaboration platforms. Founded in Switzerland and listed in both Zurich and New York, it sells under the Logitech and Logitech G brands across consumer, gaming, and business use cases.

Kysy yhtiöstä
Liikevaihto4 841milj. USD
+6,3 %v/v
Liikevoitto (EBIT)775milj. USD
+18,4 %v/v
EBIT-marginaali16,0%
+1,6 %-yks.v/v
Nettotulos711milj. USD
+12,6 %v/v
Vapaa kassavirta976milj. USD
+24,1 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

02 0004 0006 000milj. USD2021: 5 252 milj. USD2021: EBIT 1 148 milj. USD20212022: 5 481 milj. USD2022: EBIT 774 milj. USD20222023: 4 539 milj. USD2023: EBIT 458 milj. USD20232024: 4 298 milj. USD2024: EBIT 587 milj. USD20242025: 4 555 milj. USD2025: EBIT 655 milj. USD20252026: 4 841 milj. USD2026: EBIT 775 milj. USD20264 841775
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Gaming28 %

Gaming mice, keyboards, headsets, steering wheels, microphones, and Streamlabs services.

Keyboards & Combos19 %

Standalone keyboards and keyboard-mouse bundles for work and home use.

Pointing Devices17 %

Mice, trackballs, and related cursor-control peripherals.

Video Collaboration15 %

Meeting-room and personal collaboration hardware plus support services.

Webcams8 %

Consumer and business webcams for video calls and content creation.

Tablet Accessories8 %

Keyboard cases and accessories for tablets and mobile productivity.

Headsets and Other5 %

Headsets, speakers, and other peripheral products not in core categories.

Tuotteet

Raportoitu · osuus liikevaihdosta
29,2%19,4%17,7%14,2%12,4%FY2026100 %
  • Retail Gaming29,2 %
  • Retail Keyboards Desktops19,4 %
  • Retail Pointing Devices17,7 %
  • Retail Video Collaboration14,2 %
  • Retail Tablet and Other Accessories6,9 %
  • Muut12,4 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Logitech sells to a mix of retailers, e-tailers, distributors, enterprise customers, and end consumers, with a growing B2B channel alongside its traditional retail base. Demand is driven by work-from-home and hybrid collaboration, gaming, and everyday productivity, which makes the company relevant to both consumer and business buyers.

Retail consumers

Buy keyboards, mice, webcams, headsets, and tablet accessories for home and personal use.

Gaming users

Buy Logitech G mice, keyboards, headsets, steering wheels, and streaming tools for performance and immersion.

Enterprise and B2B customers

Buy video collaboration, webcams, headsets, and workplace peripherals for hybrid work and meetings.

Distributors and channel partners

Buy in bulk and resell to retailers, VARs, systems integrators, and other downstream channels.

E-commerce and marketplace buyers

Purchase through Logitech.com, Amazon, and other online channels for convenience and assortment.

Strategia

Logitech is focused on extending its software-enabled hardware portfolio across gaming, collaboration, and productivity while improving product innovation and channel reach. Management also emphasizes AI, software, and ecosystem integration, alongside selective partnerships or acquisitions that complement its strategic direction.

Grow B2B and video collaborationKeskipitkä aikaväli

Enterprise demand diversifies Logitech beyond consumer retail and supports higher-value solutions.

Integrate AI and software featuresKeskipitkä aikaväli

Software and AI can improve product differentiation and keep the hardware ecosystem relevant.

Broaden channel reach and cross-sellLyhyt aikaväli

A wider channel mix improves access to consumers and businesses and supports portfolio monetization.

Maintain innovation in core peripheralsLyhyt aikaväli

Frequent product refreshes are needed to defend share in a competitive, promotion-heavy market.

Maantiede

Logitech sells globally across the Americas, EMEA, and Asia Pacific, with regional demand shifting by category and channel. In fiscal 2025, sales grew in all three regions, while the company also noted that much of its manufacturing and contract manufacturing is concentrated in China and Southeast Asia, creating tariff and supply-chain exposure.

Riskit

Logitech faces intense competition, channel dependence, and supply-chain exposure because it sells through third parties and manufactures heavily in Asia. Its results are also sensitive to tariffs, currency moves, product innovation cycles, and execution risk as it expands AI-enabled features and B2B offerings.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Manufacturing and tariff exposure1Channel concentration2Innovation and product-cycle risk3Competitive pricing pressure4Foreign exchange volatility5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Manufacturing and tariff exposureVaikutus: KorkeaTodennäköisyys: Korkea

    Principal manufacturing and contract manufacturing are concentrated in China and Southeast Asia.

    KohdistuuChinaSoutheast Asia
  2. Channel concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A few large customers account for a meaningful share of gross sales, and Logitech relies on third-party distribution.

    KohdistuuAmazonIngram MicroTD Synnex
  3. Innovation and product-cycle riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Demand depends on timely launches and successful refreshes across fast-evolving categories.

    KohdistuuGamingWebcamsCollaboration hardware
  4. Competitive pricing pressureVaikutus: KeskitasoTodennäköisyys: Korkea

    Retail and gaming markets are promotional and competitors can undercut pricing or offer better terms.

    Kohdistuu: Consumer peripherals and gaming

  5. Foreign exchange volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    A large share of sales and costs are denominated in non-USD currencies.

    KohdistuuEuroRMBJPYAUDCADGBPTWD

Kirjanpito

Harkinnanvaraiset erät
Customer incentives and breakage

Promotions, rebates, and related breakage estimates affect revenue recognition and margin.

Vaikutus: Net sales and gross margin

Sales return reserves

Channel sell-through and product transitions require estimates for expected returns.

Vaikutus: Revenue and liabilities

Inventory valuation

Rapid product cycles can create obsolescence or reserve adjustments.

Vaikutus: Cost of sales and inventory

Uncertain tax positions

Multi-jurisdiction operations create judgment around tax exposures and deferred taxes.

Vaikutus: Tax provision and cash taxes

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Päivitetty: 24.9.2026