Logitech International (LOGI) FY2026 results: revenue $4.8 billion, up 6.3% on the year
Logitech International S.A. (LOGI) reported revenue of $4.8 billion for fiscal 2026, the year ended 31 March 2026, up 6.3% on the year before. Net income was $711 million, up 12.6%, and diluted earnings per share $4.80. The figures are the company's own, from the 10-K it filed with the SEC on 21 May 2026.
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
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.
- Operating environment described as volatile: The CFO said the operating environment remains volatile, while the company sees good momentum going into Q1 fiscal 2027.
- Americas returned to growth: Management said the Americas returned to growth in Q4. The release gives no regional sales figures.
From this 10-K
Logitech International designs software-enabled hardware: mice, keyboards, webcams, headsets, gaming gear and video conferencing equipment, almost all of it sold under the Logitech and Logitech G brand names. It was founded in 1981, is headquartered in Lausanne, Switzerland, and is listed on the SIX Swiss Exchange and on Nasdaq. Everything it sells falls into one operating segment, Peripherals, and reaches buyers in the Americas, in Europe, the Middle East and Africa, and in Asia Pacific.
The four quarters: Q1 FY2026 · Q2 FY2026 · Q3 FY2026 · Q4 FY2026
Income statement (profit and loss)
| $ million | FY2026 | FY2025 | FY2024 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Revenue | 4,841 | 4,555 | 4,298 | +6.3% | |
| Gross profit | 2,091 | 1,963 | 1,778 | +6.6% | |
| Gross margin | 43.2% | 43.1% | 41.4% | ||
| Research and development | 316 | 309 | 287 | +2.3% | |
| Operating income | 775 | 655 | 587 | +18.4% | |
| Operating margin | 16.0% | 14.4% | 13.7% | ||
| Pre-tax income | 827 | 707 | 622 | +16.9% | |
| Income tax | 115 | 75.3 | 9.5 | +53.1% | |
| Effective tax rate | 14.0% | 10.7% | 1.5% | ||
| Net income | 711 | 632 | 612 | +12.6% | |
| Net margin | 14.7% | 13.9% | 14.2% | ||
| Diluted EPS | $4.80 | $4.13 | $3.87 | +16.2% |
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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 | FY2026 | FY2025 | FY2024 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Operating cash flow | 1,037 | 843 | 1,145 | +23.1% | |
| Capital expenditure | 61.6 | 56.1 | 55.9 | +9.7% | |
| Free cash flow | 976 | 786 | 1,089 | +24.1% | |
| Free cash flow margin | 20.2% | 17.3% | 25.3% | ||
| Cash from investing | -62.4 | -57.3 | -70.3 | ||
| Cash from financing | -751 | -797 | -690 | ||
| Depreciation and amortisation | 77.5 | 79.8 | 84.7 | -2.9% | |
| Share-based compensation | 112 | 89.9 | 82.9 | +25.0% | |
| Buybacks | 535 | 589 | 504 | -9.2% | |
| Dividends paid | 233 | 208 | 182 | +12.1% | |
| Dividend per share | $1.58 | $1.37 | $1.19 | +15.3% | |
| Diluted shares, weighted | 148m | 153m | 158m | -3.0% |
Balance sheet
| $ million | FY2026 | FY2025 | FY2024 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Shareholders' equity | 2,211 | 2,127 | 2,234 | +3.9% | |
| Debt | 0.0 | 0.0 | 0.0 | ||
| Operating lease liabilities | 71.1 | 76.6 | 61.9 | -7.2% | |
| Other liabilities | 1,566 | 1,334 | 1,309 | +17.4% | |
| Total liabilities and equity | 3,849 | 3,539 | 3,605 | +8.8% | |
| Fixed assets | 116 | 114 | 117 | +2.3% | |
| Goodwill | 465 | 463 | 462 | +0.5% | |
| Intangible assets | 12.4 | 24.6 | 44.6 | -49.7% | |
| Cash and equivalents | 1,742 | 1,503 | 1,521 | +15.9% | |
| Receivables | 506 | 455 | 542 | +11.3% | |
| Inventory | 490 | 504 | 423 | -2.7% | |
| Other assets | 517 | 475 | 496 | +8.8% | |
| Total assets | 3,849 | 3,539 | 3,605 | +8.8% |
10-K for the year ended 31 March 2026, filed 21 May 2026: the filing.