---
schema_version: "secwatch.filing_event.v1"
accession: "0001032975-23-000004"
form_type: "8-K"
ticker: "LOGI"
cik: "0001032975"
company_name: "LOGITECH INTERNATIONAL S.A."
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T10:25:56.655476+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Logitech Q3 sales down 22% to $1.27B, GAAP EPS $0.86; appoints Prakash Arunkundrum COO

## Summary
- GAAP EPS $0.86 vs $1.24 YoY; non-GAAP EPS $1.14 vs $1.55; sales $1.27B, down 22% USD, 17% CC.
- Gaming sales -16%; Video Collaboration -21%; Keyboards & Combos -22%; Pointing Devices -14%.
- FY23 guidance: sales growth -15% to -13% CC; non-GAAP operating income $550-600M.
- COO appointment: Prakash Arunkundrum, effective Jan 23, 2023; previously Head of Global Operations.
- Cash from ops $280M; cash balance $1.04B; YTD returned $486M to shareholders via dividend and buybacks.

## SEC filing metadata
- accession: 0001032975-23-000004
- form_type: 8-K
- ticker: LOGI
- cik: 0001032975
- company_name: LOGITECH INTERNATIONAL S.A.
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000004/0001032975-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000004/logi-20230121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032975-23-000004
- JSON: https://secwatch.observer/filing/0001032975-23-000004.json
- Plain text: https://secwatch.observer/filing/0001032975-23-000004.txt

## Key facts
- Earnings Releases
  LOGITECH INTERNATIONAL S.A. updated its FY2023 guidance (lowered).
  - Period: FY2023
  - Guidance: lowered
  - Result: guidance update
  source text: Outlook As announced earlier this month, Logitech’s Fiscal Year 2023 outlook has been adjusted to between negative 15 percent and negative 13 percent sales growth in constant currency, and between $550 million and $600 million in non-GAAP operating income.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000004/0001032975-23-000004-index.htm
- Earnings Releases
  LOGITECH INTERNATIONAL S.A. reported quarter ended December 31, 2022 results: revenue $1.27 billion, EPS $0.86.
  - Period: quarter ended December 31, 2022
  - Revenue: $1.27 billion
  - EPS: $0.86
  - Result: reported results
  source text: Sales were $1.27 billion, down 22 percent in US dollars and 17 percent in constant currency, compared to Q3 of the prior year. This performance reflects the challenging macroeconomic environment. • Category sales declined in both US dollars and constant currency. Compared to Q3 of the prior year, Gaming sales declined 16 percent and 10 percent respectively; Video Collaboration sales declined 21 percent and 16 percent respectively; Keyboards & Combos sales declined 22 percent and 17 percent respectively; and Pointing Devices sales declined 14 percent and 8 percent respectively. This reflects consumer purchasing concentrated in promotional weeks throughout the quarter, and lower enterprise and consumer spending. • GAAP operating income declined 33 percent to $177 million, compared to $263 million in the same quarter a year ago. Non-GAAP operating income declined 32 percent to $204 million, compared to $302 million in the same quarter a year ago. • GAAP earnings per share (EPS) declined 3
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000004/0001032975-23-000004-index.htm
- Executive change
  Prakash Arunkundrum was appointed as Chief Operating Officer at LOGITECH INTERNATIONAL S.A..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On January 21, 2023, the Board of Directors of Logitech appointed Prakash Arunkundrum as Chief Operating Officer, effective as of January 23, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000004/0001032975-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.