SoFi shares rise as record revenue, member growth drive strong Q3 results
Investing.com -- Logitech International SA (NASDAQ:LOGI) reported second-quarter earnings that significantly exceeded analyst expectations, driving shares up 3.7% in after-hours trading Tuesday.
The computer peripherals maker posted adjusted earnings per share of $1.45 for the second quarter of fiscal year 2026, handily beating the analyst estimate of $1.19. Revenue came in at $1.19 billion, slightly above the consensus estimate of $1.18 billion and up 6% in US dollars (4% in constant currency) compared to the same quarter last year.
The company issued guidance for third-quarter revenue between $1.375 billion and $1.415 billion, in line with analyst expectations of $1.382 billion. The midpoint of this range represents year-over-year growth of 4.5% in US dollars.
"We delivered another strong quarter, driving growth and excellent profitability through our strategic priorities," said Hanneke Faber, Logitech chief executive officer. "We continue to demonstrate resilience in a challenging environment."
Logitech’s adjusted operating income rose 19% to $230 million compared to the same quarter last year, while adjusted gross margin was 43.8%, down slightly by 30 basis points year-over-year.
The company maintained strong cash flow from operations at $229 million and ended the quarter with a cash balance of $1.4 billion. During the quarter, Logitech returned $340 million to shareholders through its annual dividend payment and share repurchases.
Matteo Anversa, Logitech’s chief financial officer, attributed the strong performance to "disciplined operational execution and cost controls," noting that the company continues to "play offense, manage costs and remain agile in an uncertain environment."
The company launched 16 new products during the quarter, including the MX Master 4 mouse and several new gaming products, with strong demand growth across both business-to-business and consumer channels.