Particle.news
Download on the App Store
4 ARTICLES
·
last wk.

Logitech Posts Strong Quarter but Warns Supplier Shutdown Will Cut Q2 and Q3 Sales

A temporary closure at a key semiconductor fab that Logitech says is expected to be resolved in early 2027 threatens holiday-quarter revenue and is prompting analysts to trim near-term forecasts.

A view of the Logitech logo on a building at the EPFL Innovation Park in Ecublens near Lausanne, Switzerland, April 30, 2024. REUTERS/Denis Balibouse
Image
Image

Overview

  • Logitech reported fiscal Q1 revenue of $1.23 billion and non-GAAP operating income of $290 million, with operating profit up 14% year over year excluding a $61 million one-time tariff refund.
  • The company disclosed a temporary shutdown at a semiconductor supplier’s fab that it says will reduce Q2 sales by about $20 million and cut up to $200 million from Q3 sales.
  • Shares fell roughly 5% after the supplier warning as analysts adjusted profit estimates while many kept positive ratings based on Logitech’s market position.
  • CEO Hanneke Faber called the issue temporary, said the company is seeking alternate sources, and pointed to inventory discipline, pricing and a premium product mix to limit the impact.
  • Demand for gaming peripherals, webcams and video-collaboration gear remains strong, supported by AI-driven workstation upgrades, but the Q3 shortfall could affect holiday season revenue and inventory planning.