Logitech Q2 2023 Earnings Report
Key Takeaways
Logitech announced Q2 FY2023 results with sales of $1.15 billion, a decrease of 12% in US dollars and 7% in constant currency. GAAP EPS declined by 38% to $0.50, while non-GAAP EPS decreased by 20% to $0.84. The company reaffirmed its Fiscal Year 2023 outlook.
Sales were $1.15 billion, down 12% in US dollars and 7% in constant currency.
GAAP operating income declined 29% to $127 million.
GAAP earnings per share (EPS) declined 38% to $0.50.
Company returned $276 million of cash to shareholders through dividends and share repurchases.
Logitech
Logitech
Logitech Revenue by Segment
Forward Guidance
Logitech reaffirmed its Fiscal Year 2023 outlook of between negative 8 percent and negative 4 percent sales growth in constant currency, and between $650 million and $750 million in non-GAAP operating income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income