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Dec 31, 2024
Logitech Q3 2025 Earnings Report
Logitech's Q3 2025 sales and profitability increased, driven by strategic priorities and effective execution. The company raised its full-year outlook for Fiscal Year 2025.
Key Takeaways
Logitech announced strong financial results for Q3 Fiscal Year 2025, with sales up 7% to $1.34 billion. GAAP EPS was $1.32, while non-GAAP EPS was $1.59. The company raised its full-year outlook for Fiscal Year 2025.
Sales increased by 7% in US dollars and 6% in constant currency compared to the prior year.
GAAP gross margin increased to 42.9 percent, and non-GAAP gross margin increased to 43.2 percent.
GAAP operating income was $235 million, up 6% compared to the prior year, and non-GAAP operating income was $266 million, up 7%.
The company returned $200 million of cash to shareholders through share repurchases.
Logitech
Logitech
Logitech Revenue by Segment
Forward Guidance
Logitech raised its full-year outlook for Fiscal Year 2025.
Positive Outlook
- Sales are expected to be between $4.54 - $4.57 billion.
- Sales growth is expected to be 5.4% - 6.4% in US dollars.
- Sales growth is expected to be 6.2% - 7.1% in constant currency.
- Non-GAAP operating income is expected to be between $755 - $770 million.
- Non-GAAP operating income growth is expected to be 8% - 10%.
Challenges Ahead
- Expect fourth quarter currency headwinds.
Revenue & Expenses
Visualization of income flow from segment revenue to net income