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Sep 30, 2020
Logitech Q2 2021 Earnings Report
Sales increased significantly, and operating income grew substantially, driven by the shift to hybrid work and the rise of gaming.
Key Takeaways
Logitech's Q2 sales grew by 75%, reaching $1.26 billion, marking the first time quarterly sales exceeded $1 billion. GAAP operating income increased by 372% to $322 million, and non-GAAP operating income grew by 295% to $354 million. The company raised its annual outlook, anticipating sales growth between 35% and 40% and non-GAAP operating income between $700 million and $725 million.
Q2 sales increased by 75% to $1.26 billion.
GAAP operating income grew by 372% to $322 million.
Non-GAAP operating income grew by 295% to $354 million.
Fiscal Year 2021 annual outlook was raised to 35-40% sales growth and $700-725 million in non-GAAP operating income.
Logitech
Logitech
Logitech Revenue by Segment
Revenue by Segment
Gaming Revenue
CapyFin.comKeyboards & Combos Revenue
CapyFin.comPointing Devices Revenue
CapyFin.comVideo Collaboration Revenue
CapyFin.comWebcams Revenue
CapyFin.comTablet Accessories Revenue
CapyFin.comHeadsets Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Logitech raised its Fiscal Year 2021 annual outlook to between 35 and 40 percent sales growth in constant currency and a range of $700 million to $725 million in non-GAAP operating income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income