Logitech International today announced financial results for the second quarter of Fiscal Year 2026.

• Sales were $1.19 billion, up 6 percent in US dollars and 4 percent in constant currency compared to Q2 of the prior year.
• GAAP gross margin was 43.4 percent, down 20 basis points compared to Q2 of the prior year. Non-GAAP gross margin was 43.8 percent, down 30 basis points compared to Q2 of the prior year.
• GAAP operating income was $191 million, up 19 percent compared to Q2 of the prior year. Non-GAAP operating income was $230 million, up 19 percent compared to Q2 of the prior year.
• GAAP earnings per share (EPS) was $1.15, up 21 percent compared to Q2 of the prior year. Non-GAAP EPS was $1.45, up 21 percent compared to Q2 of the prior year.
• Cash flow from operations was $229 million. The quarter-ending cash balance was $1.4 billion.
• The Company returned $340 million to shareholders through its annual dividend payment and share repurchases.

"We delivered another strong quarter, driving growth and excellent profitability through our strategic priorities," said Hanneke Faber, Logitech chief executive officer. "We continue to demonstrate resilience in a challenging environment. In the quarter, we announced 16 new products, including the much-anticipated MX Master 4 mouse and a wide array of new Gaming products. We executed well across all regions, and saw strong demand growth across both B2B and consumer channels."

"This quarter, our teams delivered outstanding operating income growth and continued to drive robust gross margins, thanks to disciplined operational execution and cost controls," said Matteo Anversa, Logitech chief financial officer. "This strong performance shows our guiding principles in action, as we play offense, manage costs and remain agile in an uncertain environment."

Outlook
Our financial outlook for the third quarter of FY26 reflects a pragmatic balance between the strong momentum of our business and the litany of uncertainties within the global economy:

Q3 FY26 outlook

• Sales - $1,375 - $1,415 million
• Sales growth (in US dollars, year over year) - 3% - 6%
• Sales growth (in constant currency, year over year) - 1% - 4%
• Non-GAAP operating income - $270 - $290 million

Financial Results Videoconference and Webcast
Logitech will hold a financial results videoconference to discuss the results for Q2 Fiscal Year 2026 on Tuesday, October 28, 2025 at 1:30 p.m. Pacific Daylight Time (PDT) and 09:30 p.m. Central European Time (CET).

A livestream of the event will be available on the Logitech corporate website at ir.logitech.com.