Logitech International ( (LOGI) ) has released its Q3 earnings. Here is a breakdown of the information Logitech International presented to its investors.
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Logitech International is a leading manufacturer of personal computer and mobile accessories, known for its innovative approach in the gaming and video collaboration sectors. The company reported a strong performance in its Q3 FY25 earnings, marking a 6% year-over-year increase in net sales, reaching $1.34 billion. Logitech has also expanded its market share in various product categories, including pointing devices, webcams, and gaming headsets.
In Q3 FY25, Logitech achieved a non-GAAP gross margin of 43.2%, a 90 basis point improvement from the previous year, and a non-GAAP operating income of $266 million, up 7% year-over-year. The company’s strong performance was driven by innovative product launches in the gaming sector, such as 16 new gaming products and the AI Streaming Assistant in partnership with NVIDIA. Logitech’s strategic focus on premium product lines and B2B market expansion also contributed to robust growth.
Regionally, sales growth was broad-based, with Asia Pacific and EMEA regions showing 9% and 6% year-over-year increases, respectively. Logitech’s operational excellence was highlighted by effective inventory management and cost discipline, resulting in a positive operating cash flow of $371 million for the quarter.
Looking ahead, Logitech has increased its FY25 outlook, expecting net sales growth between 5.4% and 6.4% in USD and an operating income increase between 8% and 10%. The company remains focused on leveraging its innovative capabilities and strategic investments to drive continued growth across its diverse product portfolio.
