LOGITECH INTERNATIONAL S.A.LOGI
LOGITECH INTERNATIONAL S.A. Segments Disclosure
Segment Information
Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China were $57.6 million and $48.0 million, respectively, as of March 31, 2026. Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China were $60.0 million and $43.4 million, respectively, as of March 31, 2025. Property, plant and equipment, net (excluding software) and right-of-use assets in Switzerland, the Company's country of domicile, were $25.0 million and $24.1 million as of March 31, 2026 and 2025, respectively. No other countries represented more than 10% of the Company's total consolidated property, plant and equipment, net (excluding software) and right-of-use assets as of March 31, 2026 or 2025.
The Company manages its business activities on a consolidated basis and operates as a single operating segment: Peripherals. The operating segment encompasses the design, manufacturing and sales of peripherals for gaming, PCs, tablets, video conferencing, and other digital platforms. The Company's Chief Operating Decision Maker (the “CODM”) is the Chief Executive Officer. The CODM periodically reviews information such as sales and net income to make business decisions and evaluate performance. The CODM uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the Peripherals segment or into other parts of the entity, such as for acquisitions, share repurchase or to pay dividends. The CODM also monitors budget versus actual net income results.
The following table presents segment revenue, gross profit, and net income for the periods presented:
| Years Ended March 31, | |||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||
Net sales | $ | 4,840,761 | $ | 4,554,900 | $ | 4,298,467 | |||||||||||
Less: Significant segment expenses | |||||||||||||||||
Cost of goods sold (1) | 2,731,776 | 2,572,724 | 2,501,414 | ||||||||||||||
Marketing and selling (1) | 774,098 | 774,036 | 694,530 | ||||||||||||||
Research and development (1) | 293,317 | 288,828 | 269,407 | ||||||||||||||
General and administrative (1) | 130,809 | 144,680 | 133,787 | ||||||||||||||
Less: other segment items | |||||||||||||||||
| Share-based compensation expense | 112,392 | 89,913 | 82,889 | ||||||||||||||
| Amortization of intangible assets and acquisition-related costs | 13,315 | 20,249 | 21,962 | ||||||||||||||
Interest income | (48,246) | (54,997) | (50,636) | ||||||||||||||
Other (2) | 6,781 | 12,595 | 23,518 | ||||||||||||||
Provision for income taxes | 115,332 | 75,343 | 9,453 | ||||||||||||||
Net income | $ | 711,187 | $ | 631,529 | $ | 612,143 | |||||||||||
(1) The difference between the amounts included in the table above and the amounts included in the consolidated
statements of operations is related to share-based compensation expense (see Note 4).
(2) Includes restructuring charges, net, impairment of intangible assets, change in fair value of contingent
consideration for business acquisition, and other income (expense), net, as applicable.
Sales by product category for fiscal years 2026, 2025 and 2024 were as follows (in thousands):
| Years Ended March 31, | ||||||||||||||||||||
| 2026 | 2025 | 2024 | ||||||||||||||||||
Gaming (1) | $ | 1,414,206 | $ | 1,338,467 | $ | 1,231,063 | ||||||||||||||
| Keyboards & Combos | 937,551 | 882,643 | 821,441 | |||||||||||||||||
| Pointing Devices | 858,904 | 788,784 | 742,987 | |||||||||||||||||
| Video Collaboration | 689,040 | 626,000 | 609,361 | |||||||||||||||||
| Webcams | 326,172 | 315,520 | 325,225 | |||||||||||||||||
| Tablet Accessories | 336,189 | 299,540 | 254,060 | |||||||||||||||||
| Headsets | 179,825 | 179,710 | 168,478 | |||||||||||||||||
Other (2) | 98,874 | 124,236 | 145,852 | |||||||||||||||||
| Total Sales | $ | 4,840,761 | $ | 4,554,900 | $ | 4,298,467 | ||||||||||||||
(1) Gaming includes streaming services revenue generated by Streamlabs.
(2) Other primarily consists of mobile speakers and PC speakers.
Sales by geographic region (based on the customers' locations) for fiscal years 2026, 2025 and 2024 were as follows (in thousands):
| Years Ended March 31, | ||||||||||||||||||||
| 2026 | 2025 | 2024 | ||||||||||||||||||
| Americas | $ | 1,955,191 | $ | 1,973,374 | $ | 1,896,258 | ||||||||||||||
| EMEA | 1,539,065 | 1,413,855 | 1,301,515 | |||||||||||||||||
| Asia Pacific | 1,346,505 | 1,167,671 | 1,100,694 | |||||||||||||||||
| Total Sales | $ | 4,840,761 | $ | 4,554,900 | $ | 4,298,467 | ||||||||||||||
Revenue from sales to customers in the United States represented 33%, 35% and 36% of sales in fiscal years 2026, 2025 and 2024, respectively. Revenue from sales to customers in Germany represented 12%, 12% and 14% of sales in fiscal years 2026, 2025 and 2024, respectively. Revenue from sales to customers in China represented 12%, 10% and 10% of sales in fiscal years 2026, 2025 and 2024, respectively. No other country represented more than 10% of sales during these periods presented herein. Revenue from sales to customers in Switzerland, the Company's country of domicile, represented 4%, 3%, and 2% of sales for fiscal year 2026, 2025 and 2024, respectively.
Property, plant and equipment, net (excluding software) and right-of-use assets by geographic region were as follows (in thousands):
| March 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| Americas | $ | 59,103 | $ | 61,521 | ||||||||||
| EMEA | 48,119 | 47,874 | ||||||||||||
| Asia Pacific | 65,089 | 60,710 | ||||||||||||
| Total | $ | 172,311 | $ | 170,105 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 21, 2026 | Showing above |
| 2025 | May 23, 2025 | |
| 2024 | May 16, 2024 | |
| 2023 | May 17, 2023 | |
| 2022 | May 18, 2022 | |
| 2021 | May 12, 2021 | |
| 2020 | May 27, 2020 | |
| 2019 | May 17, 2019 | |
| 2018 | May 21, 2018 | |
| 2017 | May 26, 2017 | |
| 2016 | May 23, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.