Logitech reports Q2 EPS $1.45, consensus $1.24

Reports Q2 revenue $1.19B, consensus $1.19B. Non-GAAP gross margin was 43.8 percent, down 30 basis points compared to Q2 of the prior year. “We delivered another strong quarter, driving growth and excellent profitability through our strategic priorities,” said Hanneke Faber, Logitech (LOGI) 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.”