Logitech Q2 Sales Beats By A Whisker, Ups FY25 Sales Forecast But Lags Behind Expectations

Logitech International S.A. (NASDAQ:LOGI) shares are trading lower after it reported second-quarter FY25 results.

Revenue rose 6% (both reported and constant currencies) to $1.116 billion, marginally exceeding the consensus of $1.11 billion.

By category, sales in Video Collaboration rose 5%, Gaming increased 7%, while Keyboards & Combos sales and Pointing Devices were up by 8% and 2%, respectively.

Adjusted gross margin expanded to 44.1% from 42.0% a year ago. Adjusted operating income grew 5% to $193 million in the quarter.

Adjusted EPS of $1.20 beat the consensus ...