Logitech International today announced financial results for the fourth quarter and full Fiscal Year 2025 ended March 31, 2025.

"Fiscal Year 2025 was an outstanding year of broad-based sales growth, driven by our strategic priorities," said Hanneke Faber, Logitech chief executive officer. "Thanks to our diverse global footprint, strong brand and resilient operations, we are in a strong position to navigate the unpredictable market conditions ahead in Fiscal Year 2026. In this dynamic environment, we will focus on three core principles - playing offense, disciplined cost control and agility."

"Our teams executed impressively once again this Q4, completing a year of strong operational discipline," said Matteo Anversa, Logitech chief financial officer. "We closed Fiscal Year 2025 with robust growth across all regions, customer channels and in nearly all our categories. Our growth continued to be extremely profitable, with non-GAAP gross margins at 43.5%. We were pleased to return $797 million of cash to shareholders in the year."For Fiscal Year 2025:

• Sales were $4.55 billion, up 6 percent in US dollars and 7 percent in constant currency, compared to the prior year.
• GAAP operating income was $655 million, up 11 percent compared to the prior year. Non-GAAP operating income was $775 million, up 11 percent compared to the prior year.
• GAAP earnings per share (EPS) was $4.13, up 7 percent compared to the prior year. Non-GAAP EPS was $4.84, up 14 percent compared to the prior year.
• Cash flow from operations was $843 million. The year-ending cash balance was $1.5 billion. The Company returned $797 million of cash to shareholders through its annual dividend payment and share repurchases.

For Q4 Fiscal Year 2025:

• Sales were $1.01 billion, flat in US dollars and up 2 percent in constant currency, compared to Q4 of the prior year.
• GAAP operating income was $106 million, down 19 percent, compared to Q4 of the prior year. Non-GAAP operating income was $133 million, down 16 percent, compared to Q4 of the prior year. This was due to a bad debt expense and strategic investments made in the quarter.
• GAAP earnings per share (EPS) was $0.96, down 10 percent compared to Q4 prior year. Non-GAAP EPS was $0.93, down 6 percent compared to the prior year.
• Cash flow from operations was $130 million.

Outlook
Earlier this month, Logitech communicated that the Company has withdrawn its outlook for Fiscal Year 2026 due to the continuing uncertainty surrounding the tariff environment. The Company today announced an outlook for Q1 FY 2026:Financial Results Videoconference and Webcast
Logitech will hold a financial results videoconference to discuss the results for Q4 and the full Fiscal Year 2025 on Tuesday, April 29, 2025 at 1:30 p.m. Pacific Daylight Time (PDT) and 10:30 p.m. Central European Summer Time (CEST).

A livestream of the event will be available on the Logitech corporate website. This press release and the Q4 Fiscal Year 2025 Shareholder Letter are also available there.