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Dec 31, 2020
Logitech Q3 2021 Earnings Report
Logitech's Q3 sales grew significantly, operating income tripled, and the annual outlook was raised due to strong momentum.
Key Takeaways
Logitech's Q3 sales increased by 85% to $1.67 billion, with GAAP operating income growing by 248% to $448 million and GAAP EPS increasing by 222% to $2.22. The company raised its Fiscal Year 2021 annual outlook to between 57 and 60 percent sales growth in constant currency, and approximately $1.05 billion in non-GAAP operating income.
Q3 sales were $1.67 billion, up 85 percent in US dollars and 80 percent in constant currency, compared to the prior year.
Q3 GAAP operating income grew 248 percent to $448 million, compared to the same quarter a year ago.
Q3 GAAP earnings per share (EPS) grew 222 percent to $2.22, compared to the same quarter a year ago.
Logitech raised its Fiscal Year 2021 annual outlook to between 57 and 60 percent sales growth in constant currency, and approximately $1.05 billion 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 57 and 60 percent sales growth in constant currency, and approximately $1.05 billion in non-GAAP operating income. The Company’s previous outlook was 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