Logitech Q4 revenue increased 5% YoY to $1.01B, driven by growth in Video Collaboration, Gaming, Keyboards & Combos, and Pointing Devices.
Logitech International reported a 5% year-over-year increase in Q4 revenue to $1.01 billion, surpassing the consensus estimate. Sales growth was seen in Video Collaboration (3%), Gaming (7%), Keyboards & Combos (15%), and Pointing Devices (6%). Adjusted gross margin expanded to 43.6%, and adjusted operating income grew 93% YoY to $159 million. Logitech aims to double its total addressable market by expanding into sectors like education and healthcare, and plans to introduce new AI-equipped products.
April 30, 2024
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