Logitech Reports Strong Fiscal 2025 Growth Amid Challenges

Logitech International reported strong overall growth for fiscal year 2025, with net sales rising 7% in constant currency and broad-based gains across regions and product categories. Annual sales reached $4.55 billion, and non-GAAP operating income rose to $775 million, while cash from operations exceeded $800 million, much of which was returned to shareholders. Despite this solid yearly performance, the company's fourth quarter saw flat revenue year-over-year and a decline in both operating profit and net income, impacted by higher expenses and a bad debt reserve. Logitech withdrew its fiscal 2026 outlook due to ongoing tariff uncertainties, noting a projected negative impact on gross margins for the coming quarter. While the company maintained its leadership in key product categories and diversified its manufacturing base to mitigate tariff risks, it faces headwinds from macroeconomic volatility and specific market slowdowns, particularly in Europe. Strategic cost control and agility remain focal points as the company navigates these challenges.