LTEC Income Statement - Logitech international SA

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Price: 34.12 EUR Market Closed

Market Cap: €5.3B

L	Logitech international SA XMUN:LTEC	CH
	Mogotes Metals Inc F:OY4	CA
	Logipix International Corp OTC:LPIX	US
L	Leonteq AG SWB:EFL	CH
	Sanden Corp TSE:6444	JP
E	Envista Holdings Corp NYSE:NVST	US
V	Veolia Environnement SA XMUN:VVD	FR
M	Matrix IT Ltd TASE:MTRX	IL
C	Capgemini SE DUS:CGM	FR
C	China Longyuan Power Group Corp Ltd XMUN:6WX	CN
F	Fiskars Oyj Abp SWB:A8X	FI
	Orkla ASA OTC:ORKLY	NO
G	Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalat Sanayi AS IST:GIPTA.E	TR
	Accent Group Ltd ASX:AX1	AU

Financial profile · Q2 FY2027

A cyclical hardware franchise with recovering margins and consistent cash generation

Across the multi-year record, revenue is cyclical, while operating margins and cash generation have recovered from the FY2023 downturn. Modest capital spending, cash exceeding debt, and recurring dividends and repurchases characterize a cash-generative model with limited reliance on external financing.

What is developing

Quarterly sales and operating income remained year-over-year positive, preserving the established earnings pattern. Logitech also disclosed a temporary semiconductor-supplier disruption that constrains supply, a near-term development to monitor rather than evidence of a changed multi-year financial model.

What matters next

Whether shipment availability recovers without materially compressing sales or operating margins.

Metric	FY2017 Mar 2017	FY2018 Mar 2018	FY2019 Mar 2019	FY2020 Mar 2020	FY2021 Mar 2021	FY2022 Mar 2022	FY2023 Mar 2023	FY2024 Mar 2024	FY2025 Mar 2025	FY2026 Mar 2026
Revenue	2.2B	2.6B	2.8B	3B	5.3B	5.5B	4.5B	4.3B	4.6B	4.8B
Cost of Revenue	(1.4B)	(1.7B)	(1.8B)	(1.9B)	(2.9B)	(3.2B)	(2.8B)	(2.5B)	(2.6B)	(2.7B)
Gross Profit	820m	909.2m	1B	1.1B	2.3B	2.3B	1.7B	1.8B	2B	2.1B
Operating Expenses	(608.2m)	(678.2m)	(760.8m)	(844.3m)	(1.2B)	(1.5B)	(1.2B)	(1.2B)	(1.3B)	(1.3B)
Selling, General & Administrative	(479.9m)	(531.8m)	(587m)	(627.3m)	(936.9m)	(1.2B)	(933.8m)	(885.4m)	(978.4m)	(983.8m)
R&D	(130.5m)	(143.8m)	(161.2m)	(177.6m)	(226m)	(291.8m)	(280.8m)	(287.2m)	(309m)	(316.2m)
Depreciation & Amortization	(5.8m)	(7.5m)	(12.6m)	(16.1m)	(18.5m)	(16.2m)	(11.5m)	(10.9m)	(10.7m)	(6.3m)
Other Operating Expenses	8.1m	4.9m	0	(23.2m)	(5.7m)	3.5m	0	250k	0	0
Operating Income	211.9m	231m	276.2m	278.1m	1.1B	784m	493.3m	594.7m	664.5m	785.1m
Net Interest Income (Expense)	3m	1.7m	5.4m	46.9m	1.1m	(3.8m)	16.4m	41.1m	48.7m	47.6m
Non-Recurring Items	(23k)	(1.3m)	(13m)	(1.6m)	(2.5m)	(10m)	(56.3m)	(17m)	(9.6m)	(9.9m)
Total Other Income	165k	790k	2.5m	941k	893k	5.6m	10.1m	2.7m	3.3m	3.7m
Pre-Tax Income	215m	232.3m	271.1m	324.3m	1.1B	775.8m	463.5m	621.6m	706.9m	826.5m
Tax Provision	(9.1m)	(2m)	(13.6m)	125.4m	(200.9m)	(131.3m)	(98.9m)	(9.5m)	(75.3m)	(115.3m)
Income from Continuing Operations	205.9m	230.2m	257.6m	449.7m	947.3m	644.5m	364.6m	612.1m	631.5m	711.2m
Net Income	205.9m	208.5m	257.6m	449.7m	947.3m	644.5m	364.6m	612.1m	631.5m	711.2m
EPS (Diluted)	1.24	1.23	1.52	2.66	5.51	3.78	2.23	3.87	4.13	4.80