Logitech Q1 Earnings and Revenues Surpass Estimates
Logitech International S.A. (NASDAQ: LOGI) started fiscal 2025 on a strong note by reporting better-than-expected results for the first quarter. The computer peripheral and software maker’s key metrics, including revenues and earnings, marked strong improvement on a year-over-year basis as well.
Logitech’s fiscal first-quarter non-GAAP earnings of $1.13 per share beat the Zacks Consensus Estimate of 89 cents and registered a year-over-year increase of 74%. The company’s bottom-line results mainly benefited from increased revenues and lower product costs and promotional costs, leading to gross margin expansion.
Logitech’s first-quarter revenues of $1.1 billion outpaced the consensus mark of $1.03 billion. Moreover, the top line marked a year-over-year increase of 12% on a reported basis and 13% on a constant-currency basis, mainly driven by higher demand across key product categories and efficient inventory management.
Logitech International S.A. Price, Consensus and EPS Surprise
Logitech International S.A. price-consensus-eps-surprise-chart | Logitech International S.A. Quote
Segment Details
Logitech registered sales growth across the majority of key product categories year over year. In the first quarter of fiscal 2024, LOGI reclassified its product segments by removing the Audio & Wearable and Mobile Speakers categories and adding Headsets and Other categories.
Revenues from Keyboards & Combos improved 19% year over year to $215.3 million, while Gaming revenues increased 16% year over year to $309.5 million. Our model estimates for Keyboards & Combos and Gaming sales were pegged at $190.7 million and $281.7 million, respectively.
Revenues from the …
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