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Dec 31, 2021
Logitech Q3 2022 Earnings Report
Logitech's Q3 2022 results were announced, with sales down slightly but growth in key categories, and the company raised its FY 2022 outlook.
Key Takeaways
Logitech announced Q3 Fiscal Year 2022 results with sales of $1.63 billion, a decrease of 2% compared to the prior year. However, the company saw growth in Pointing Devices, Keyboards & Combos, and Gaming. Logitech raised its Fiscal Year 2022 annual outlook to between 2 and 5 percent sales growth in constant currency, and between $850 million and $900 million in non-GAAP operating income.
Sales were $1.63 billion, down 2 percent in US dollars and constant currency, compared to Q3 of the prior year.
Category sales in US dollars grew 29 percent in Keyboards & Combos and 8 percent in Pointing Devices and Gaming, compared to Q3 of the prior year.
GAAP earnings per share (EPS) declined 44 percent to $1.24, compared to $2.22 in the same quarter a year ago.
The Company raised annual guidance for both sales and profitability.
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 2022 annual outlook to between 2 and 5 percent sales growth in constant currency, and between $850 million and $900 million in non-GAAP operating income. The Company’s previous outlook was flat sales growth in constant currency, plus or minus five percent, and $800 million to $850 million in non-GAAP operating income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income