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Logitech International S.A.

LOGI

Technology · 100.34 +1.9% today

Isolated · not yet confirmedMarket checked 10 Sept, 13:15 GMT-4

Market read

Logitech International S.A.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 18 directly disclosed connections are confirming.

What changed
  • Revenue increased 6.3% versus the comparable filing period.
Company+1.9% todayVolume comparison unavailable
Market group0 of 1 activeComputer Hardware · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • In fiscal 2026 Logitech reported that increased tariffs substantially offset gross margin drivers (price, cost reductions, FX).

Invalidation: The isolated read changes if LOGI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Computer Hardware

The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 18 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 6.3% versus the comparable filing period.
  • Operating margin improved 1.6 percentage points.
  • Operating cash flow covered net income at 1.46x, improving versus the comparable period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • In fiscal 2026 Logitech reported that increased tariffs substantially offset gross margin drivers (price, cost reductions, FX).

Company research

Understand the business, not just the ticker

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations326
Usable filing statements192
Verified relationships14
Evidence supporting the case
  • Latest annual revenue changed +6.3% year over year.
  • Operating margin changed +1.6 percentage points in the latest annual period.
  • Operating cash flow covered net income at 1.46x in the latest annual period.
  • Demand and volume has repeated favorable evidence across 5 filings.
  • Tariffs and trade policy has repeated favorable evidence across 5 filings.
  • Pricing and mix has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Foreign exchange has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 176% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 9, 2026

98.67
6m+8.5%12m-9.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-03-31$5.5B+4.4%$3.78-0.8%
2023-03-31$4.5B-17.2%$2.23-3.9%
2024-03-31$4.3B-5.3%$3.87-3.4%
2025-03-31$4.6B+6.0%$4.13-3.4%
2026-03-31$4.8B+6.3%$4.80-3.0%

What management says matters

Persistent and emerging business drivers

Demand and volumepositive · 5 filings
The increase in accounts payable was driven by higher inventory purchases to align with demand, as well as the timing of purchases during the quarter.
10-Q · Jul 29, 2026
Foreign exchangemixed · 5 filings
The loss for the three months ended June 30, 2025 was primarily due to fluctuations in the currency exchange rates of the Swiss Franc and New Taiwan dollar against the U.S.
10-Q · Jul 29, 2026
Restructuring and cost reductionsmixed · 5 filings
Restructuring Charges, Net The restructuring charges, net, for the three months ended June 30, 2026 and June 30, 2025 were related to costs incurred as a result of our restructuring plan initiated during the fourth quarter of fiscal year 2025, which was subst…
10-Q · Jul 29, 2026
Tariffs and trade policymixed · 5 filings
ITO for the three months ended June 30, 2026 decreased by 0.4 to 5.0, compared to 5.4 for the three months ended June 30, 2025, primarily due to the reduction in cost of goods sold resulting from refunds of IEEPA tariffs.
10-Q · Jul 29, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 3.0× · EV/sales 2.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

100.34+1.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 13:15 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for LOGI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

Fundamentals strengthened in the latest filing

10-K filed 2026-05-21 against the comparable filing from 2025-05-23.

constructive
OperationsconstructiveEvidence score +2
liquidityconstructiveEvidence score +1
valuationdiscount

What improved

  • Revenue increased 6.3% versus the comparable filing period.
  • Operating margin improved 1.6 percentage points.
  • Operating cash flow covered net income at 1.46x, improving versus the comparable period.

What weakened

No thresholded deterioration was identified.

Filing receipts

Logitech International S.A. | Fiscal 2026 Form 10-K | 44 Ta b le of Contents Operating Expenses Operating expenses for fiscal years 2026 and 2025 were as follows (Dollars in thousands): Years Ended March 31, 2026 2025 Marketing and selling $ 816,604 $ 814,414 % of sales 16.9 % 17.9 % Research and development 316,221 309,008 % of sales 6.5 % 6.8 % General and administrative 167,160 164,014 % of sales 3.5 % 3.6 % Amortization of intangible assets and acquisition-related costs 6,298 10,695 % of sales 0.1 % 0.2 % Restructuring charges, net 9,860 9,615 % of sales 0.2 % 0.2 % Total operating expenses $ 1,316,143 $ 1,307,746 % of sales 27.2 % 28.7 % The increase in total operating expenses during...

Logitech International S.A. | Fiscal 2026 Form 10-K | 39 Ta b le of Contents Gross margin for fiscal year 2026 increased by 10 basis points to 43.2% , compared to 43.1% for fiscal year 2025, primarily driven by price increases in North America, product cost reductions, and favorable foreign currency exchange rate changes, substantially offset by investment in strategic promotions and increased tariffs.

The increase in gross margin was primarily driven by price increases in North America, product cost reductions, and favorable foreign currency exchange rate changes, substantially offset by investment in strategic promotions and increased tariffs.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind LOGI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AMZNAmazon.com, Inc.customerMay 21, 2026

Amazon is also a significant customer of our products.

LSPDLightspeed Commerce Inc.partnerMay 21, 2026

The Logitech Pro X 2 Lightspeed Wireless Headset which features pro-grade sound, LIGHTSPEED TM wireless, and an emphasis on comfort.

Depended on by

ARLOArlo Technologies, Inc.competitorFeb 27, 2026

Other competitors include numerous local vendors such as Netatmo, Logitech, Bosch, Instar, and Uniden.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 15 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

LOGI is currently a Leader in the organic co-movement group Computer Hardware. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for LOGI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.