Logitech stock faces $70 million supply hit in Q3 outlook

Published on 11/09/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Logitech stock faces a semiconductor supply risk in the holiday quarter. Management expects mitigation to largely restore supply by fiscal Q4.

Growth meets supply pressure

Logitech reported its eleventh consecutive quarter of year-over-year sales growth in fiscal Q2.
Gaming and Video Collaboration supported demand, while a semiconductor supplier incident constrained product availability.
Management expects the supply disruption to be largely resolved in fiscal Q4.

Logitech, CH0025751329, Illustration mit AI erstellt.

Logitech's second-quarter results showed continued underlying demand, but the company warned that a semiconductor supplier disruption will weigh on the holiday period. In its October 27 investor release, Logitech reported sales of 1.22 billion US dollars for the quarter ended September 30, 2026, up 3 percent in US dollars and 2 percent in constant currency from the prior-year quarter.

Quarterly growth stays intact

The result marked Logitech's eleventh consecutive quarter of year-over-year sales growth. Gaming sales rose 8 percent to 349.3 million US dollars, while Video Collaboration increased 12 percent to 188.4 million US dollars. Pointing Devices and Keyboards and Combos each grew 4 percent.

Profitability also improved on a GAAP basis. Gross margin reached 44.9 percent, compared with 43.4 percent a year earlier, and operating income rose 5 percent to 201 million US dollars. Diluted GAAP earnings per share increased 9 percent to 1.25 US dollars. Non-GAAP operating income was 231 million US dollars, while non-GAAP diluted earnings per share reached 1.51 US dollars.

Supplier incident shapes holiday outlook

A serious incident at a semiconductor supplier's manufacturing facility forced a closure at the end of June. Logitech said the facility reopened in September and had begun ramping production, but capacity remained below the company's requirements at the time of the release.

Logitech expects the disruption to reduce third-quarter sales by 70 million to 80 million US dollars. The company forecasts third-quarter sales of 1.36 billion to 1.43 billion US dollars, equivalent to a year-over-year change of minus 5 percent to flat in constant currency. Non-GAAP operating income is expected to range from 220 million to 255 million US dollars.

Management said the supplier's facility should return to full production by the end of calendar 2026 and that the impact should be largely resolved in fiscal Q4. The company has also used alternative suppliers, product redesigns and revised commercial plans to reduce the initial disruption estimate, which had been as high as 200 million US dollars.

Demand versus component availability

The figures point to a split investor picture. Gaming and Video Collaboration are expanding, and Logitech continues to invest in new products, but component availability limits how much demand can translate into shipments during the seasonally important holiday quarter. Higher logistics and material costs, together with modestly higher promotional spending, are expected to reduce the third-quarter non-GAAP gross margin rate to between 41 and 42 percent.

Logitech stock traded at 85.80 euros on Lang & Schwarz at 11:55 CET on Monday, November 9, 2026.

Investors can follow the real-time quote of Logitech stock.