Logitech 10-Q: Q2 Net Income $180.0M, EPS $1.25; Supplier Shortage Weighs on Q3
LOGI sits 18% above its 52-week low of $83.32 on elevated volume (3.5× avg).
Summary
Logitech's Q2 FY27 10-Q confirms the beat already reported October 27: net income of $180.0M ($1.25 diluted EPS) on $1.22B sales, with gross margin up 150 bps to 44.9%. The supplier capacity shortfall still caps Q3 product availability.
Key Events · Earnings and Guidance · LOGI
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Q2 Net Income $180.0M, EPS $1.25
Net sales of $1,218.8M rose 3% from $1,186.1M; operating income was $200.6M versus $191.3M a year earlier.
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Gross Margin Up 150 bps to 44.9%
Lower tariff costs, manufacturing diversification and favorable product mix lifted gross margin from 43.4%; six-month margin was 47.2%, helped by tariff refunds.
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Supplier Capacity Still Constrains Q3
The semiconductor supplier facility that closed in late June 2026 reopened in September but remains below Logitech's required capacity, and product availability will stay impacted in Q3 FY27.
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Cash Down $233.9M on Returns
Cash and equivalents fell to $1,507.6M from $1,741.5M at March 31, 2026, after $235.3M of dividends and $284.5M of share repurchases in the six months.
Analysis · LOGI · Technology
The headline numbers were already out on October 27, but the 10-Q confirms the quality of the quarter: gross margin expanded 150 basis points to 44.9% on lower tariff costs and favorable mix, and operating income rose to $200.6M from $191.3M. The offset is the semiconductor supplier facility that closed in late June 2026 — it reopened in September but still runs below Logitech's required capacity, and management says product availability stays constrained through the third quarter. Cash fell $233.9M in the six months as the company returned $235.3M in dividends and spent $284.5M on buybacks, leaving $1.1B available under the $1.4B 2026 program. Nothing here changes the thesis set by yesterday's 8-K; it fills in the accounting detail behind it.
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In the 30 days to Oct 29, 2026, 31.1% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, LOGI was trading at $98.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.4B. The 52-week trading range was $83.32 to $129.66. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.