Filing Flows › Logitech International S.A. (LOGI) › Q2 FY27 › vs Q1 FY27
Logitech International S.A. (LOGI) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Logitech International S.A.'s revenue fell $8.4M (-0.7%) from $1.2B in Q1 FY27 to $1.2B in Q2 FY27. The biggest changes: Tablet Accessories −$31.4M (-35%); Keyboards & Combos +$18.6M (+8%); Gaming −$5.0M (-1%). Gross margin 44.9% against 49.5% (-4.7 pts).
Logitech International S.A., Q2 FY27: revenue $1.2B (+3% year over year), operating margin 16.5%, net earnings $180M, operating cash flow $164M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 44.9% | 49.5% | -4.7 pts |
| Operating margin | 16.5% | 21.1% | -4.6 pts |
| Net margin | 14.8% | 19.2% | -4.4 pts |
| Free cash flow margin | 12.2% | 12.2% | -0.0 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Gaming | $349M | $354M | −$5.0M | -1% |
| Keyboards & Combos | $246M | $228M | $18.6M | +8% |
| Pointing Devices | $230M | $227M | $3.1M | +1% |
| Video Collaboration | $188M | $185M | $3.2M | +2% |
| Webcams | $75.6M | $76.6M | −$933K | -1% |
| Tablet Accessories | $58.0M | $89.4M | −$31.4M | -35% |
| Retail Headsets | $46.1M | $44.1M | $1.9M | +4% |
| Other | $24.6M | $22.5M | $2.1M | +9% |
| Revenue | $1.2B | $1.2B | −$8.4M | -0.7% |
| Gross profit | $547M | $608M | −$60.9M | -10% |
| Cost of revenue | $672M | $619M | $52.5M | +8% |
| Other income, net | $17.9M | $17.0M | $911K | +5% |
| Operating profit | $201M | $259M | −$58.0M | -22% |
| Operating expenses | $346M | $349M | −$2.9M | -0.8% |
| Pre-tax earnings | $218M | $276M | −$57.1M | -21% |
| Research & development | $82.7M | $84.6M | −$1.9M | -2% |
| Sales & marketing | $220M | $220M | −$212K | -0.1% |
| General & admin | $43.0M | $43.5M | −$542K | -1% |
| Other operating costs | $1.2M | $1.5M | −$260K | -17% |
| Net earnings | $180M | $236M | −$55.7M | -24% |
| Income tax | $38.5M | $39.9M | −$1.4M | -4% |
| Depreciation & amortization | $17.1M | $19.0M | −$1.9M | -10% |
| Share-based compensation | $28.5M | $29.6M | −$1.1M | -4% |
| Working capital & other | $62.1M | $118M | −$55.5M | -47% |
| Operating cash flow | $164M | $167M | −$3.1M | -2% |
| Free cash flow (OCF − capex) | $149M | $150M | −$1.1M | -0.7% |
| Capital expenditures | $14.7M | $16.8M | −$2.1M | -12% |
Questions
How much did Logitech International S.A.'s revenue grow quarter over quarter in Q2 FY27?
Logitech International S.A.'s revenue fell $8.4M (-0.7%) from $1.2B in Q1 FY27 to $1.2B in Q2 FY27.
What drove Logitech International S.A.'s revenue change in Q2 FY27?
Tablet Accessories −$31.4M (-35%); Keyboards & Combos +$18.6M (+8%); Gaming −$5.0M (-1%).