Logitech Q3 Earnings: Gaming Sales Growth Helps Drive Revenue Beat, EPS Beat, Raised Guidance

Benzinga
01-29

Logitech International S.A. (NASDAQ:LOGI) reported third-quarter financial results after the market close on Tuesday. Here’s a rundown of the report.

  • Q3 Revenue: $1.34 billion, versus estimates of $1.25 billion
  • Q3 Adjusted EPS: $1.59, versus estimates of $1.40

Total revenue was up 7% year-over-year. Operating income increased 6% year-over-year to $235 million. Cash flow from operations totaled $371 million in the quarter.

Logitech said it repurchased $200 million of its common stock during the quarter. The company ended the period with $1.5 billion in cash.

“Our growth was driven by our strategic priorities. We delivered superior innovation. Gaming sales were near pandemic-high levels, thanks to an outstanding set of innovations launched ahead of the holidays,” said Hanneke Faber, CEO of Logitech.

“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.”

See Also: Tesla’s Q4 Earnings Looms: Can The Stock Keep Its Rally Alive?

Outlook: Logitech raised its full-year 2025 revenue outlook from a range of $4.39 billion to $4.47 billion to a new range of $4.54 billion to $4.57 billion, versus Benzinga Pro estimates of $4.48 billion.

The company anticipates adjusted operating income of $755 million to $770 million for full year 2025.

Management is currently discussing the quarter on a conference call that kicked off at 4:30 p.m. ET.

LOGI Price Action: Logitech shares were up 0.90% in after-hours, trading at $93.80 at the time of publication Tuesday, according to Benzinga Pro.

Photo: Shutterstock.

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