Logitech Reports Q2 2027 Growth Amidst Semiconductor Supplier Disruptions
Logitech International S.A. (LOGI) reported second-quarter net sales of $1.22 billion, marking a 3% increase in U.S. dollars. Despite facing a significant semiconductor supplier facility closure that is expected to impact Q3 revenue by $70 million to $80 million, the company achieved growth driven by strong performance in the Americas and its Video Collaboration segment, which grew 12% in constant currency. The company's non-GAAP gross margin expanded to 45.2%, aided by a favorable product mix and lower tariff costs. However, management issued cautious guidance for the third quarter, projecting net sales between a 5% decline and 0% growth due to the supplier incident and rising logistics costs. While gaming and pointing devices showed resilience, tablet accessories saw a sharp 30% decline following the conclusion of major education contracts in Japan.
Tickers: $LOGI
Topics: Gross Margin Guidance Net Sales Revenue Growth Supply Chain Incident
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