Logitech International (LOGI) Q4 FY2026 earnings: revenue $1.1 billion, up 7.4% on the year

Logitech International S.A. (LOGI) reported revenue of $1.1 billion for Q4 FY2026, the quarter ended 31 March 2026, up 7.4% on the same quarter a year earlier. Net income was $143 million, down 0.4% on the year, and diluted earnings per share $0.98. The figures are the company's own, from the 10-K it filed with the SEC on 21 May 2026.

Revenue

$1.1 billion

+7.4% on the year · -23.6% on the quarter

Q1 FY2025Q4 FY2026

Operating margin

12.5%

10.5% a year earlier

Q1 FY2025Q4 FY2026

Net income

$143 million

-0.4% on the year · -42.9% on the quarter

Q1 FY2025Q4 FY2026

Diluted EPS

$0.98

+2.1% on the year · -42.0% on the quarter

Q1 FY2025Q4 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 new.

Full-year sales rose 6 percent: FY26 net sales were $4.84 billion, up 6 percent in US dollars and 4 percent in constant currency year over year.
Gaming growth accelerated in Q4: Gaming revenue was $292.3 million in Q4, up 12 percent, and $1,414.2 million for the year, up 6 percent. Gaming includes Streamlabs streaming revenue.
Full-year margins highest outside pandemic peaks: Management said FY26 non-GAAP gross margin was 43.6 percent and non-GAAP operating margin 18.8 percent, the highest ever outside pandemic peaks. GAAP gross margin was 43.2 percent.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Revenue	1,086	1,421	1,010	-23.6%	+7.4%
Gross profit	483	615	436	-21.4%	+10.9%
Gross margin	44.5%	43.2%	43.1%
Research and development	87.1	78.5	79.5	+11.0%	+9.5%
Operating income	136	286	106	-52.5%	+28.2%
Operating margin	12.5%	20.1%	10.5%
Pre-tax income	150	299	118	-49.9%	+26.8%
Income tax	6.4	48.1	-25.9	-86.7%
Effective tax rate	4.3%	16.1%	-21.9%
Net income	143	251	144	-42.9%	-0.4%
Net margin	13.2%	17.7%	14.3%
Diluted EPS	$0.98	$1.69	$0.96	-42.0%	+2.1%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Operating cash flow	203	481	130	-57.8%	+56.4%
Capital expenditure	13.8	14.9	12.8	-7.1%	+8.2%
Free cash flow	189	466	117	-59.4%	+61.7%
Free cash flow margin	17.4%	32.8%	11.6%
Cash from investing	-13.6	-14.5	-11.9
Cash from financing	-267	-25.9	-121
Depreciation and amortisation	18.5	19.2	20.3	-3.3%	-8.7%
Share-based compensation	25.8	23.4	13.8	+10.2%	+86.5%
Buybacks	280	27.1	126	+930.9%	+122.7%
Dividends paid	n/a	0.0	n/a
Dividend per share	n/a	$0.00	n/a
Diluted shares, weighted	147m	148m	151m	-1.0%	-2.5%
Shares outstanding at period end	144m	147m	148m	-2.1%	-3.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Shareholders' equity	2,211	2,336	2,127	-5.3%	+3.9%
Debt	0.0	0.0	0.0
Operating lease liabilities	71.1	74.5	76.6	-4.6%	-7.2%
Other liabilities	1,566	1,685	1,334	-7.1%	+17.4%
Total liabilities and equity	3,849	4,096	3,539	-6.0%	+8.8%
Fixed assets	116	115	114	+0.9%	+2.3%
Goodwill	465	467	463	-0.2%	+0.5%
Intangible assets	12.4	13.9	24.6	-10.8%	-49.7%
Cash and equivalents	1,742	1,818	1,503	-4.2%	+15.9%
Receivables	506	683	455	-25.9%	+11.3%
Inventory	490	450	504	+9.0%	-2.7%
Other assets	517	549	475	-5.9%	+8.8%
Total assets	3,849	4,096	3,539	-6.0%	+8.8%

Questions

What was Logitech International's revenue in Q4 FY2026?

Logitech International (LOGI) reported revenue of $1.1 billion for Q4 FY2026, the quarter ended 31 March 2026, up 7.4% on the same quarter a year earlier.

How much did Logitech International earn in Q4 FY2026?

Net income for Q4 FY2026 was $143 million, down 0.4% on the year, and diluted earnings per share $0.98.

When did Logitech International report Q4 FY2026 results?

Logitech International filed its 10-K for the year that ended with the quarter on 21 May 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027	Q2 FY2027
Revenue	1,633	1,230	1,160	1,149	1,270	960	974	1,057	1,255	1,011	1,088	1,116	1,340	1,010	1,148	1,186	1,421	1,086	1,227	1,219
Gross profit	658	494	460	439	477	344	376	439	527	437	466	486	574	436	479	514	615	483	608	547
Gross margin	40%	40%	40%	38%	38%	36%	39%	41%	42%	43%	43%	44%	43%	43%	42%	43%	43%	45%	50%	45%
R&D	75.5	78.4	75.5	69.0	65.6	70.6	70.6	68.6	72.7	75.4	75.3	76.2	78.0	79.5	74.6	76.1	78.5	87.1	84.6	82.7
Operating income	263	129	115	127	177	38.8	78.4	157	222	130	153	161	235	106	162	191	286	136	259	201
Operating margin	16%	10%	10%	11%	14%	4%	8%	15%	18%	13%	14%	14%	18%	10%	14%	16%	20%	13%	21%	16%
Pre-tax income	259	132	123	105	183	52.7	75.3	167	235	144	167	176	245	118	174	203	299	150	276	218
Tax rate	19%	18%	18%	22%	23%	21%	17%	18%	-4%	-17%	15%	17%	18%	-22%	16%	16%	16%	4%	14%	18%
Net income	210	108	101	82.1	140	41.5	62.7	137	245	168	142	145	200	144	146	171	251	143	236	180
Net margin	13%	9%	9%	7%	11%	4%	6%	13%	19%	17%	13%	13%	15%	14%	13%	14%	18%	13%	19%	15%
Diluted EPS	$1.24	$0.64	$0.61	$0.50	$0.86	$0.26	$0.39	$0.86	$1.55	$1.07	$0.92	$0.95	$1.32	$0.96	$0.98	$1.15	$1.69	$0.98	$1.63	$1.25
Operating cash flow	377	99.6	-35.7	72.9	280	217	240	223	443	239	176	166	371	130	125	229	481	203	167	164
Capital expenditure	16.5	25.4	19.6	25.8	23.7	23.2	16.2	18.5	10.9	10.3	14.6	14.5	14.2	12.8	16.3	16.6	14.9	13.8	16.8	14.7
Free cash flow	360	74.2	-55.2	47.1	256	194	224	205	432	229	161	151	357	117	109	212	466	189	150	149
Buybacks	116	121	121	117	90.2	90.6	95.1	93.9	188	127	131	132	200	126	122	107	27.1	280	114	171
Dividends paid	0.0	n/a	n/a	n/a	0.0	n/a	n/a	182	0.0	n/a	n/a	208	0.0	n/a	n/a	233	0.0	n/a	n/a	235
Shares outstanding	166m	165m	164m	162m	160m	159m	158m	157m	155m	153m	153m	152m	149m	148m	147m	147m	147m	144m	143m	142m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 March 2026, filed 21 May 2026: the filing.