Logitech Projects Steady Growth In 2026, Announces $2 Billion Share Buyback Plan

On Wednesday, Logitech International S.A. (NASDAQ:LOGI) confirmed its FY25 outlook, provided its fiscal 2026 outlook and long-term financial model at Analyst & Investor Day.

Outlook: The company reaffirmed its FY25 guidance net sales of $4.54 billion-$4.57 billion (consensus of $4.52 billion), with a growth of 5.4% to 6.4% in USD and 6.2% to 7.1% in constant currency.

Also, the company expects an adjusted operating income of $755 million-$770 million for FY 2025.

Logitech sees FY26 net sales of $4.53 billion-$4.71 billion, denoting sales growth of -1% to 3% in USD and 1% to 5% in constant currency and adjusted operating income of $720 million-$780 million.

Moreover, for the long term, the company targets net sales growth of 7%-10%, an adjusted gross margin of 40% or higher, and an adjusted operating margin of 15%-18%.

Buyback: Logitech plans to allocate $2 billion for share buybacks over the next three years.

The board approved a $600 million increase to the current program, effective by the end of March.

Hanneke Faber, Logitech chief executive officer said, “We are market leaders in our core categories with a clear strategy to extend that leadership, a credible plan to enter new verticals and adjacencies, and AI as a force multiplier.”

In January, the company reported third-quarter revenue of $1.34 billion, beating the consensus of $1.25 billion and adjusted EPS of $1.59, versus estimates of $1.40.

Logitech raised its full-year 2025 revenue outlook from a range of $4.39 billion to $4.47 billion to a new range of $4.54 billion to $4.57 billion, versus estimates of $4.48 billion.

Price Action: LOGI shares are down 0.45% at $97.25 premarket at the last check Thursday.

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