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LOGITECH INTERNATIONAL S.A.
LOGICIK 0001032975NasdaqLarge AcceleratedComputer Peripheral Equipment, NecCHFY ends Mar 31
Period
FY 2026
Revenue
$4.84B
Net Income
$711.19M
Total Assets
$3.85B
Equity
$2.21B
Shares Out
143.54M
Op. Cash Flow
$1.04B
Business
LOGITECH INTERNATIONAL S.A. designs software-enabled hardware solutions that connect people with the digital world to support work, creation and play. Its product portfolio includes gaming peripherals, keyboards and combos, pointing devices, video collaboration systems and ConferenceCams, webcams, tablet accessories, headsets, mobile and PC speakers, and complementary software and services such as streaming tools and device configuration apps. The business operates under a single Peripherals segment and serves both B2C and B2B customers with dedicated enterprise sales and channel programs. Logitech sells internationally across the Americas, EMEA and Asia Pacific through distributors, retailers, e-tailers, direct e-commerce and channel partners.
Summary from filing dated 2025-05-23
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Net sales | 4,841 | 4,555 | 4,298 | |
| Cost of goods sold | 2,742 | 2,583 | 2,509 | |
| Amortization of intangible assets | 7 | 10 | 11 | |
| Gross profit | 2,091 | 1,963 | 1,778 | |
| Operating expenses: | — | — | — | |
| Marketing and selling | 817 | 814 | 730 | |
| Research and development | 316 | 309 | 287 | |
| General and administrative | 167 | 164 | 155 | |
| Amortization of intangible assets and acquisition-related costs | 6 | 11 | 11 | |
| Impairment of intangible assets | 0 | 0 | 4 | |
| Change in fair value of contingent consideration for business acquisition | 0 | 0 | −250,000 | |
| Restructuring charges, net | 10 | 10 | 4 | |
| Total operating expenses | 1,316 | 1,308 | 1,191 | |
| Operating income | 775 | 655 | 587 | |
| Interest income | 48 | 55 | 51 | |
| Other income (expense), net | 3 | −3 | −16 | |
| Income before income taxes | 827 | 707 | 622 | |
| Provision for income taxes | 115 | 75 | 9 | |
| Net income | 711 | 632 | 612 | |
| Net income per share: | — | — | — | |
| Basic (in dollars per share) | 4.85 | 4.17 | 3.9 | |
| Diluted (in dollars per share) | 4.8 | 4.13 | 3.87 | |
| Weighted average shares used to compute net income per share: | — | — | — | |
| Basic (in shares) | 147 | 151 | 157 | |
| Diluted (in shares) | 148 | 153 | 158 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Assets | — | — | |
| Current assets: | — | — | |
| Cash and cash equivalents | 1,742 | 1,503 | |
| Accounts receivable, net | 506 | 455 | |
| Inventories | 490 | 504 | |
| Other current assets | 178 | 131 | |
| Total current assets | 2,915 | 2,593 | |
| Non-current assets: | — | — | |
| Property, plant and equipment, net | 116 | 114 | |
| Goodwill | 465 | 463 | |
| Other intangible assets, net | 12 | 25 | |
| Other assets | 339 | 344 | |
| Total assets | 3,849 | 3,539 | |
| Liabilities and Shareholders' Equity | — | — | |
| Current liabilities: | — | — | |
| Accounts payable | 531 | 415 | |
| Accrued and other current liabilities | 782 | 687 | |
| Total current liabilities | 1,313 | 1,101 | |
| Non-current liabilities: | — | — | |
| Income taxes payable | 86 | 88 | |
| Other non-current liabilities | 238 | 222 | |
| Total liabilities | 1,637 | 1,411 | |
| Commitments and contingencies (Note 13) | — | — | |
| Shareholders' equity: | — | — | |
| Registered shares, CHF 0.25 par value Issued shares: 160,784 and 168,994 at March 31, 2026 and 2025, respectively | 28 | 29 | |
| Additional paid-in capital | 123 | 83 | |
| Shares in treasury, at cost Treasury shares: 17,282 and 20,485 shares at March 31, 2026 and 2025, respectively | 1,207 | 1,465 | |
| Retained earnings | 3,381 | 3,627 | |
| Accumulated other comprehensive loss | −114 | −147 | |
| Total shareholders' equity | 2,211 | 2,127 | |
| Total liabilities and shareholders' equity | 3,849 | 3,539 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Cash flows from operating activities: | — | — | — | |
| Net income | 711 | 632 | 612 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | — | — | — | |
| Depreciation | 64 | 60 | 63 | |
| Amortization of intangible assets | 13 | 20 | 22 | |
| Impairment of intangible assets | 0 | 0 | 4 | |
| Loss on investments | −612,000 | −2 | −15 | |
| Share-based compensation expense | 112 | 90 | 83 | |
| Deferred income taxes | 30 | 57 | −42 | |
| Change in fair value of contingent consideration for business acquisition | 0 | 0 | −250,000 | |
| Other | 28,000 | 120,000 | 379,000 | |
| Changes in assets and liabilities, net of acquisitions: | — | — | — | |
| Accounts receivable, net | 39 | −70 | −92 | |
| Inventories | −23 | 81 | −260 | |
| Other assets | 37 | −24 | −11 | |
| Accounts payable | 109 | −32 | 39 | |
| Accrued and other liabilities | 50 | 840,000 | −12 | |
| Net cash provided by operating activities | 1,037 | 843 | 1,145 | |
| Cash flows from investing activities: | — | — | — | |
| Purchases of property, plant and equipment | 62 | 56 | 56 | |
| Acquisitions, net of cash acquired | 0 | 0 | 14 | |
| Purchases of deferred compensation investments | 10 | 7 | 12 | |
| Proceeds from sales of deferred compensation investments | 11 | 7 | 12 | |
| Other investing activities | 2 | 2 | 617,000 | |
| Net cash used in investing activities | −62 | −57 | −70 | |
| Cash flows from financing activities: | — | — | — | |
| Payment of cash dividends | 233 | 208 | 182 | |
| Payment of contingent consideration for business acquisition | 0 | 1 | 5 | |
| Purchases of registered shares | 535 | 589 | 504 | |
| Proceeds from exercises of stock options and purchase rights | 38 | 36 | 32 | |
| Tax withholdings related to net share settlements of restricted stock units | 21 | 32 | 30 | |
| Other financing activities | 0 | −3 | −1 | |
| Net cash used in financing activities | −751 | −797 | −690 | |
| Effect of exchange rate changes on cash and cash equivalents | 15 | −6 | −13 | |
| Net increase (decrease) in cash and cash equivalents | 238 | −18 | 372 | |
| Cash and cash equivalents at end of the period | — | — | — | |
| Cash and cash equivalents at end of the period | — | — | — | |
| Supplementary Cash Flow Disclosures: | — | — | — | |
| Non-cash investing and financing activities: | — | — | — | |
| Property, plant and equipment purchased during the period and included in period end liability accounts | 14 | 10 | 11 | |
| Supplemental cash flow information: | — | — | — | |
| Income taxes paid, net | 86 | 67 | 51 |
Filings
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