Logitech International reported first-quarter fiscal 2027 non-GAAP earnings of $1.85 per share, up 47% year over year and beating the Zacks Consensus Estimate by 39.1%. Revenues rose 7% to $1.23 billion, topping estimates by 2.1%, driven by strong demand for premium pointing devices, gaming products, and video collaboration solutions. Non-GAAP gross margin expanded 770 basis points to 49.8%, aided by $61 million in tariff refunds, favorable currency movements, product mix, and cost reductions. Gaming revenues increased 12% to $354.2 million, pointing devices climbed 16% to $227.3 million, and video collaboration sales advanced 11% to $185.3 million, while keyboards and combos rose 2% to $227.8 million. For the second quarter, Logitech expects revenues between $1.19 billion and $1.22 billion, implying 0-3% growth, and non-GAAP operating income between $185 million and $210 million, with an estimated $20 million revenue headwind from a semiconductor supplier shutdown.
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Applied Materials IncLogitech International S.A.Q1 earnings beat estimates with 47% EPS growth and margin expansion driven by tariff refunds and cost reductions.
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