Logitech Reports 7% Revenue Growth in Q3 2025

By Tamara Parker • Wednesday, January 29 06:07 • Permanent Link

Logitech International (SIX: LOGN) (NASDAQ: LOGI) has reported its financial results for the third quarter of fiscal year 2025. The company announced sales of $1.34 billion, marking a 7% increase in US dollars and a 6% increase in constant currency compared to the third quarter of the previous year. GAAP gross margin was reported at 42.9%, showing an increase of 90 basis points from the same period in the prior year, while non-GAAP gross margin was 43.2%, also up 90 basis points year-over-year.

GAAP operating income stood at $235 million, reflecting a 6% increase from the third quarter of the prior year. Meanwhile, non-GAAP operating income was $266 million, up 7% compared to the same period in the previous year. However, GAAP earnings per share (EPS) was reported at $1.32, showing a decrease of 15% from the third quarter of the prior year, while non-GAAP EPS was $1.59, representing a 4% increase compared to the same period in the previous year.

The company's cash flow from operations for the quarter totaled $371 million, with a quarter-ending cash balance of $1.5 billion. Logitech also returned $200 million of cash to shareholders through share repurchases.

Logitech's CEO, Hanneke Faber, expressed excitement at delivering strong, profitable growth once again, driven by strategic priorities. The company reported near record sales in its premium pro gaming and MX portfolios, with gaming sales reaching levels near those seen during the pandemic.

Looking ahead, Logitech raised its full-year outlook for fiscal year 2025. The previous sales outlook of $4.39 * $4.47 billion was adjusted to $4.54 * $4.57 billion, reflecting a sales growth outlook of 5.4% * 6.4% in US dollars and 6.2% * 7.1% in constant currency year-over-year. Additionally, the non-GAAP operating income outlook was increased from $720 * $750 million to $755 * $770 million, with a growth outlook of 8% * 10% year-over-year.

Logitech's CFO, Matteo Anversa, highlighted the company's strong operational performance, which contributed to year-over-year expansion of gross margin. Despite expectations of fourth-quarter currency headwinds, strong demand in the third quarter and continued operational discipline have given the company confidence in the trajectory of its business.

As a result of these announcements, the company's shares have moved 1.1% on the market, and are now trading at a price of $92.96. For the full picture, make sure to review Logitech International's 8-K report.

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