“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 ↗
Logitech International S.A.
LOGI
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.
- Revenue increased 6.3% versus the comparable filing period.
- 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.
Research brief
The story so far
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.
- 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.
No thresholded adverse filing evidence is available yet.
- 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
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- 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.
- Foreign exchange has repeated adverse evidence across 5 filings.
- EV/sales is 176% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 9, 2026
98.67Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.
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
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.