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Logitech Surges on Gaming & Video Growth
6 May
Summary
- Logitech's Q4 sales climbed 7% to $1.09 billion.
- Gaming and video collaboration devices saw strong growth.
- The company expects 4%-6% sales growth in fiscal 2027.
Logitech International announced stronger-than-anticipated financial results for its fourth quarter, concluding March 31. The computer hardware manufacturer experienced a 7% increase in sales, reaching $1.09 billion, which exceeded Visible Alpha's consensus estimate. This performance was bolstered by robust growth in key product categories.
Gaming accessories emerged as a significant growth driver, with sales accelerating by 12% due to new product launches. Simultaneously, video collaboration devices, including cameras and microphones that utilize AI for enhanced meeting experiences, saw their sales increase by 13%. This growth reflects Logitech's strategic focus on business customers and technological integration.
Looking ahead, Logitech provided a positive forecast for fiscal year 2027. The company projects sales to grow between 4% and 6%, estimating revenues to be in the range of $1.19 billion to $1.22 billion. Non-GAAP operating income is also expected to range from $195 million to $215 million, indicating sustained profitability.
