Logitech saw sales continue to increase last quarter, and has raised its full-year outlook.
This is the company’s fourth consecutive quarter of sales growth, according to its earnings report for fiscal year 2025’s third quarter. Logitech’s sales last quarter were US$1.34 billion, up 7% year-over-year.
“Gaming sales were near pandemic-high levels, thanks to an outstanding set of innovations launched ahead of the holidays. We delivered near record sales in our premium Pro Gaming and MX portfolios. Logitech for Business made excellent progress. And our teams fielded effective marketing campaigns and excellent holiday retail execution to drive broad-based geographic progress,” said Logitech CEO Hanneke Faber.
“While we expect fourth quarter currency headwinds, the strong demand in the third quarter and the continued promotional and operational discipline of our teams give us confidence about the trajectory of our business, and we are increasing our full-year outlook,” said Matteo Anversa, Logitech’s CFO.
Logitech’s previous sales forecast for fiscal year 2025 was US$4.39-4.47 billion. The company will lift this to $4.54-4.57 billion.
Net sales were highest in its gaming division, reaching US$467 million. This is a year-over-year increase of 14%.
Logitech’s tablet accessories division saw the sharpest increases in sales, up 21% over last year.
GAAP-adjusted earnings per share was US$1.32, down 15% from last fiscal year’s third quarter. Non-GAAP earnings per share was $1.59, an increase of 4% year-over-year.
The company’s GAAP operating income was US$235 million, up 6% year-over-year.
Logitech’s cash flow from operations was US$371 million last quarter. It returned $200 million to shareholders through its share buyback program.
Logitech’s share price (NASDAQ: LOGI) closed at US$92.96, up from its previous close at $91.99. Its market capitalisation is $14.1 billion.