Shares of Logitech International SA (LOGI) surged 5.25% in pre-market trading on Wednesday, following the company's impressive third-quarter fiscal 2025 results. The computer peripherals maker reported adjusted earnings of $1.59 per share for the quarter ended December 31, 2024, comfortably beating analysts' estimates of $1.40 per share. Revenue also climbed 6.8% year-over-year to $1.34 billion, surpassing expectations of $1.24 billion.
The stellar performance was driven by near pandemic-high levels of gaming sales, thanks to a series of successful new product launches ahead of the holiday season. Logitech's premium gaming and productivity lines, such as the Pro Gaming and MX portfolios, also witnessed near-record sales, underscoring robust demand for the company's high-end offerings.
"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, Logitech's Chief Executive Officer. "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."
Buoyed by the strong quarterly results, Logitech raised its full-year 2025 revenue outlook to a range of $4.54 billion to $4.57 billion, up from its previous guidance of $4.39 billion to $4.47 billion. The company also lifted its adjusted operating income forecast for fiscal 2025 to $755 million to $770 million.