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Dec 31, 2022
Logitech Q3 2023 Earnings Report
Logitech's Q3 2023 results reflected challenging macroeconomic conditions, with sales and category sales declining.
Key Takeaways
Logitech's Q3 FY2023 sales were $1.27 billion, a decrease of 22% in US dollars and 17% in constant currency. GAAP operating income declined by 33% to $177 million, and GAAP EPS decreased by 31% to $0.86. The company is managing costs aggressively while maintaining its long-term strategies.
Sales decreased by 22% in US dollars and 17% in constant currency, totaling $1.27 billion.
GAAP operating income fell by 33% to $177 million.
GAAP earnings per share (EPS) declined by 31% to $0.86.
Cash flow from operations was $280 million, with a cash balance of $1.04 billion.
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’s Fiscal Year 2023 outlook has been adjusted to between negative 15 percent and negative 13 percent sales growth in constant currency, and between $550 million and $600 million in non-GAAP operating income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income