Logitech International Analysts Slash Their Forecasts Following Q2 Results

Logitech International S.A. (NASDAQ:LOGI) reported better-than-expected second-quarter FY25 results on Tuesday.

Revenue rose 6% (both reported and constant currencies) to $1.116 billion, marginally exceeding the consensus of $1.11 billion. Adjusted EPS of $1.20 beat the consensus of $0.99.

The company raised its FY25 sales outlook to $4.39 billion -$4.47 billion, up 2%, 4% (from the previously expected $4.34 billion, $4.43 billion) versus the consensus of $4.512 billion. Logitech now sees an adjusted operating income of $720 million, $750 million (versus $700 million, $730 million prior view).

Hanneke Faber, chief executive officer, said, ...