earnings
confidence high
sentiment neutral
materiality 0.70
Logitech Q2 FY2022 sales record $1.31B (+4% YoY) but profits drop sharply; confirms FY outlook
LOGITECH INTERNATIONAL S.A.
2022-Q2 EPS reported
$1.90
revenue$2,618,325,000
- Q2 sales hit record $1.31B, up 4% YoY (2% constant currency).
- GAAP operating income fell 44% to $179M; GAAP EPS down 48% to $0.81.
- Non-GAAP operating income declined 40% to $211M; non-GAAP EPS down 44% to $1.05.
- FY2022 outlook reaffirmed: flat constant currency sales (±5%) and $800-$850M non-GAAP OI.
- Company cites supply chain challenges but grew market share in most key categories.