Logitech stock weighs strong Q2 growth against supplier risks

Logitech reported its fiscal second-quarter results on October 27, 2026, with sales rising 3 percent year over year to 1.22 billion US dollars. The company said the quarter marked its eleventh consecutive period of growth. Its official results release also highlighted stronger demand in Gaming and Video Collaboration.

Holiday Demand Meets Supply Constraints

Logitech launched 19 products for the holiday period. Gaming sales increased 8 percent and Video Collaboration sales rose 12 percent in the quarter, while Tablet Accessories sales fell 32 percent, according to the company.

The main near-term risk is component availability. Logitech expects fiscal third-quarter sales of 1.36 billion to 1.43 billion US dollars and non-GAAP operating income of 220 million to 255 million US dollars. In constant currency, the sales outlook ranges from a 5 percent decline to flat year over year.

The semiconductor supplier incident is expected to reduce fiscal third-quarter sales by 70 million to 80 million US dollars. The affected facility reopened in September and is ramping production, with full production expected by the end of calendar 2026. Logitech expects the disruption to be largely resolved in fiscal Q4.

Margins Hold While Costs Rise

Non-GAAP gross margin reached 45.2 percent in the fiscal second quarter, while non-GAAP operating income was 231 million US dollars. Management expects fiscal 2027 adjusted operating margin to remain at the high end of its long-term 15 percent to 18 percent range, excluding a 61 million US dollar tariff refund received in the prior quarter.

The real-time quote of Logitech stock was 85.12 euros on Lang & Schwarz at 6:11 p.m. CET on Monday, November 2, 2026.

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More news and analyses on Logitech stock cover the companys earnings, supply situation and outlook.