Logitech international SA

ir.logitech.com

What Do They Do?

Sells computer accessories such as gaming gear, keyboards and mice, and video-conferencing equipment to consumers, retailers and businesses.

How Do They Make Money?

Most money comes from hardware sold to distributors, retailers and resellers; customers typically pay within thirty to sixty days of invoice. Streamer subscriptions and video-collaboration support are paid at or before service and cover the service period.

revenue

Segment	Share	How money arrives
Gaming Sold outright	29% FY2023: 28%	Sold outright
Keyboards & Combos Sold outright	19% FY2023: 18%	Sold outright
Pointing Devices Sold outright	18% FY2023: 16%	Sold outright
Video Collaboration Sold outright	14% FY2023: 15%	Sold outright
Webcams Sold outright	6.7% FY2023: 8.3%	Sold outright
Tablet Accessories Sold outright	6.9% FY2023: 5.6%	Sold outright
Retail Headsets Sold outright	3.7% FY2023: 3.9%	Sold outright
Other Sold outright	2.0% FY2023: 4.4%	Sold outright

Who Are Their Customers?

Sells directly to retailers, e-tailers, businesses and consumers through its online store, and also sells through distributors and other channel partners. Distributors resell products to retailers, resellers and other distributors.

Do Revenues Turn Into Profits?

Yes. It kept 15 cents of every revenue dollar as net income in FY2026 and turned 20 cents into free cash flow.

Operating income, FY2026

16% of revenue

▲ +18% vs FY2025 ($654.9M, 14%)

Net income, FY2026

15% of revenue

▲ +13% vs FY2025 ($631.5M, 14%)

Free cash flow, FY2026

20% of revenue

▲ +24% vs FY2025 ($786.4M, 17%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q2 FY2027, the three months to Sep 30, 2026

Revenue: ▲ +3%; vs $1.2B in Q2 FY2026
Net income: ▲ +5%; vs $170.7M in Q2 FY2026

Gaming share of revenue vs 27.3% in Q2 FY2026

Shrinking. Revenue fell 12% in 4 years, from $5.5B in FY2022 to $4.8B in FY2026, about 3% a year.

AI in products The older report lists AI among technologies Logitech was extending its engineering into; the latest describes AI as embedded in product innovation and its devices as ways to interact with AI.

More targeted business sales The older report describes expanding business-to-business sales coverage through its sales force and channel partners; the latest names education, healthcare and public-sector markets as areas to build.

Revenue over time

Gaming Keyboards & Combos Pointing Devices Video Collaboration Webcams Tablet Accessories Retail Headsets Other

$10B$5B$0

FY2022 FY2023 FY2024 FY2025 FY2026

Who Do They Compete With?

Competes with Razer, Corsair Gaming, Turtle Beach, HP, GN Store Nord, Apple, Dell, Lenovo, Xiaomi, Cisco Systems, AVer Information, Yealink (Xiamen) Network Technology, Owl Labs, Insta360, Zagg, Bose, Harman International Industries, Sony, Sennheiser, and Sonos

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