---
schema_version: "secwatch.filing_event.v1"
accession: "0001032975-23-000050"
form_type: "8-K"
ticker: "LOGI"
cik: "0001032975"
company_name: "LOGITECH INTERNATIONAL S.A."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T02:43:56.400023+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Logitech Q1 FY24 sales down 16% to $974M; GAAP EPS $0.39; raises H1 outlook

## Summary
- Sales $974M (-16% YoY); non-GAAP operating income $109M (-25% YoY).
- GAAP EPS $0.39 (-36% YoY); non-GAAP EPS $0.65 (-12% YoY).
- Cash from ops $240M (up $275M YoY); ending cash $1.25B.
- Raised H1 FY24 sales outlook to $1.875-$1.975B (prev $1.8-$1.9B).
- Full FY24 outlook: sales $3.8-$4.0B, non-GAAP op. income $400-$500M.

## SEC filing metadata
- accession: 0001032975-23-000050
- form_type: 8-K
- ticker: LOGI
- cik: 0001032975
- company_name: LOGITECH INTERNATIONAL S.A.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000050/0001032975-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000050/logi-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032975-23-000050
- JSON: https://secwatch.observer/filing/0001032975-23-000050.json
- Plain text: https://secwatch.observer/filing/0001032975-23-000050.txt

## Key facts
- Earnings Releases
  LOGITECH INTERNATIONAL S.A. updated its Fiscal Year 2024 guidance (initiated).
  - Period: Fiscal Year 2024
  - Guidance: initiated
  - Result: guidance update
  source text: Logitech also provided an estimated full-year outlook for Fiscal Year 2024: Full FY 2024 outlook Sales $3.8 - $4.0 billion Sales decline (in US dollars, year over year) 16% - 12% Non-GAAP operating income $400 - $500 million Non-GAAP op. inc. decline (year over year) 32% - 15%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000050/0001032975-23-000050-index.htm
- Earnings Releases
  LOGITECH INTERNATIONAL S.A. updated its first half of Fiscal Year 2024 guidance (raised).
  - Period: first half of Fiscal Year 2024
  - Guidance: raised
  - Result: guidance update
  source text: Logitech raised its outlook for the first half of Fiscal Year 2024: Previous H1 2024 outlook New H1 2024 outlook Sales $1.8 - $1.9 billion $1.875 - $1.975 billion Sales decline (in US dollars, year over year) 22% - 18% 19% - 14% Non-GAAP operating income $160 - $190 million $180 - $220 million Non-GAAP op. inc. decline (year over year) 47% - 37% 40% - 27%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000050/0001032975-23-000050-index.htm
- Earnings Releases
  LOGITECH INTERNATIONAL S.A. reported first quarter of Fiscal Year 2024 results: revenue $974 million, EPS $0.39.
  - Period: first quarter of Fiscal Year 2024
  - Revenue: $974 million
  - EPS: $0.39
  - Result: reported results
  source text: • Sales were $974 million, down 16 percent in US dollars and 15 percent in constant currency, compared to the prior year. • GAAP operating income was $78 million, down 32 percent compared to the prior year. Non-GAAP operating income was $109 million, down 25 percent compared to the prior year. • GAAP earnings per share (EPS) was $0.39, down 36 percent compared to the prior year. Non-GAAP EPS was $0.65, down 12 percent compared to the prior year. • Cash flow from operations was $240 million, up $275 million compared to the prior year. The quarter-ending cash balance was $1.25 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032975/000103297523000050/0001032975-23-000050-index.htm

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