Logitech's sales rise 6.3% to $4.84 billion in the year to March, with gaming up

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Logitech filed its annual report on Form 10-K, the yearly financial report a US-listed company gives the SEC, on May 21, 2026. Sales for the fiscal year that ended Mar 31, 2026 were $4.84 billion, up 6.3% from $4.55 billion a year earlier. Operating income, the profit from running the business before interest and tax, rose 18.4% to $775.19 million from $654.86 million. Net income was $711.19 million, up 12.6% from $631.53 million, and diluted earnings per share were $4.80 against $4.13.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12

Gaming was the biggest of Logitech's product categories, with $1.41 billion in sales for the year, up 5.7% from $1.34 billion; the category includes streaming services revenue from Streamlabs. Management said the growth came mainly from PC gaming mice and steering wheels, partly offset by lower sales of other gaming products. Across all products, sales rose 15% in Asia Pacific and 9% in Europe, the Middle East and Africa, and fell 1% in the Americas. In the Americas, the company said the drop in gaming sales was primarily driven by a decline in the region's gaming market for a substantial part of the year and a competitive pricing environment in North America.13^,14^,15^,16^,17^,18^,19^,20

Logitech had announced the results on May 5 in an earnings release attached to an 8-K, the SEC form for company events. That release put gaming sales in the fourth quarter alone at $292.3 million, up 12% on the same quarter a year earlier. In it, chief executive Hanneke Faber said the company closed the year with a strong fourth quarter, a return to growth in the Americas and faster growth in gaming.21^,22^,23

Gross margin, the share of sales left after the direct costs of making and delivering products, was 43.2% against 43.1% a year earlier, which the company ascribed to price increases in North America, product cost reductions and favorable currency changes, largely offset by promotions and higher tariffs. The company also said it has been affected by rising prices for memory chips and other components, which it ties to demand from the build-out of new AI technology and data centers. In the year Logitech paid $534.94 million for share buybacks, down 9.2% from $588.84 million, and $233.1 million in dividends. The company's own non-GAAP operating income for the year, a measure that leaves out items such as share-based compensation and restructuring charges, was $911 million, up 18 percent.24^,25^,26^,27^,28^,29^,30^,31

We hold only the management discussion of this filing, not its notes to the financial statements, and our records cannot show whether the year-earlier figures were restated.32^,33