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Sep 30, 2022
Logitech Q2 2023 Earnings Report
Logitech's sales and earnings decreased due to macroeconomic headwinds, but innovation and operational excellence were pursued.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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