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Logitech (LOGI)
NASDAQ:LOGI
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.87Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -24.30%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
Logitech's earnings call reflected a strong performance with significant growth in key segments like gaming, AI integration, and B2B. Despite facing challenges such as a $40 million bad debt charge and currency headwinds, the company's strategic initiatives and operational excellence resulted in increased financial flexibility and shareholder returns.Company Guidance
During the Logitech earnings call for the third quarter of Fiscal Year 2025, the company provided several key metrics and insights into its performance and outlook. Net sales increased by 6% year-over-year, with demand growth accelerating to 8%. Gaming sales grew by 13%, reaching near pandemic highs, and the company's Pro and MX product lines achieved record and near-record sales, respectively. The non-GAAP gross margin rate was reported at 43.2%, marking the fifth consecutive quarter of year-over-year gross margin expansion. Operating expenses included a $40 million charge for bad debt reserve, and cash generation remained robust at $370 million, contributing to a healthy cash position of $1.5 billion. The company also announced a five-year $750 million credit facility and returned $200 million to shareholders through share repurchases. Despite facing a $40 million headwind due to bad debt and foreign exchange impacts, Logitech raised its fiscal year 2025 outlook for both net sales and operating income, demonstrating resilience and flexibility in a dynamic environment.Strong Holiday Performance
Logitech delivered strong profitable growth for the fourth consecutive quarter, with net sales growing 6% year-over-year and demand growth accelerating to 8%.
Gaming Segment Success
Gaming sales reached near pandemic highs, growing double-digits at 13% year-over-year, with 16 new products launched and the Pro line achieving record sales.
AI and Innovation
Logitech integrated AI into key product categories, launching an AI streaming assistant and a two-way noise-canceling headset, with the Logitech Sight being recognized as one of Time's best inventions of 2024.
B2B Growth
Logitech for Business saw strong growth, with services bookings more than doubling and the education vertical yielding over 20% growth.
Geographical Expansion
Asia grew at high single digits in net sales, with Europe and the Americas growing mid-single-digits. China saw robust growth, contributing to Logitech's sales increase.
Operational Excellence
Cost reductions drove gross margin above 43%, marking the fifth consecutive quarter of gross margin expansion.
Financial Flexibility
Logitech announced a $750 million credit facility, enhancing financial flexibility and returned $200 million to shareholders through share repurchases.
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LOGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LOGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $92.96 | $96.79 | +4.12% |
| Oct 22, 2024 | $91.81 | $83.99 | -8.52% |
| Jul 22, 2024 | $87.52 | $90.60 | +3.52% |
| Apr 30, 2024 | $78.19 | $77.16 | -1.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Logitech (LOGI) report earnings?
Logitech (LOGI) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Logitech (LOGI) earnings time?
Logitech (LOGI) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOGI EPS forecast?
LOGI EPS forecast for the fiscal quarter 2025 (Q4) is 0.87.
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