Logitech Stock Gains on Q3 Earnings Beat

The logo of the Swiss computer control devices manufacturer Logitech is seen in front of the company offices in Morges, Switzerland, on Jan. 6, 2008. Fabrice Coffrini/AFP via Getty Images

Logitech International SA. reported a third-quarter FY22 sales decline of 2 percent year-on-year to $1.63 billion, beating the consensus of $1.27 billion.

Category sales grew 29 percent Y/Y in Keyboards & Combos and 8 percent Y/Y in Pointing Devices and Gaming. Video Collaboration was down 2 percent Y/Y.

Margins

The non-GAAP gross margin contracted 460 bps to 40.6 percent.