Logitech Q4 2021 Earnings Report
Key Takeaways
Logitech reported record sales and operating profit in Q4 2021, with sales up 117% year-over-year. The company raised its Fiscal Year 2022 outlook for non-GAAP operating income and increased its share buyback authorization to $1 billion.
Sales were $1.54 billion, up 117% in US dollars compared to the prior year.
GAAP operating income grew 818% to $295 million, compared to the prior year.
Non-GAAP operating income grew 312% to $325 million, compared to the prior year.
Logitech raised its Fiscal Year 2022 outlook for non-GAAP operating income to between $800 million and $850 million.
Logitech
Logitech
Logitech Revenue by Segment
Forward Guidance
Logitech raised its Fiscal Year 2022 outlook for non-GAAP operating income to between $800 million and $850 million. The outlook for sales growth in constant currency is still expected to be approximately flat, plus or minus 5 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income