Logitech International today announced financial results for the fourth quarter and full fiscal year 2025, which ended March 31, 2025. “Fiscal 2025 was an outstanding year of broad-based revenue growth driven by our strategic priorities,” said Logitech CEO Hanneke Faber.
Image source: Logitech
«“With our diverse global presence, strong brand and resilient operations, we are in a strong position to navigate the unpredictable market conditions that await us in fiscal 2026,” Faber said. “In this dynamic environment, we will focus on three core principles – playing offense, disciplined cost control and flexibility.”
«“Our teams delivered impressive results again in the fourth quarter, capping a year of strong operational discipline,” said Logitech CFO Matteo Anversa. “We closed fiscal 2025 with solid growth across all regions, customer channels, and nearly all of our categories. Our growth continued to be extremely profitable, with non-GAAP gross margins of 43.5%. We were pleased to return $797 million in cash to shareholders this year.”
Logitech reported fiscal 2025 revenue of $4.55 billion, up 6% year-over-year. GAAP operating income increased 11% year-over-year to $655 million. Non-GAAP operating income was $775 million.
GAAP EPS increased 7% year over year to $4.13. Non-GAAP EPS was $4.84, up 14% year over year. Operating cash flow was $843 million. Year-end cash balance was $1.5 billion.
For the fourth quarter of fiscal 2025, sales were $1.01 billion, the same as the fourth quarter of the prior year. GAAP operating income was $106 million, down 19% from the fourth quarter of the prior year. Non-GAAP operating income was $133 million, down 16% from the fourth quarter of the prior year. The decrease was due to bad debt expense and strategic investments made in the quarter.
GAAP EPS was $0.96, down 10% from the prior-year quarter. Non-GAAP EPS was $0.93, down 6% from the prior-year quarter. Operating cash flow was $130 million.
Logitech also today announced first-quarter fiscal 2026 guidance, with revenue expected to grow in the mid-single digits to $1.1 billion to $1.15 billion. Non-GAAP operating income is expected to be in the range of $155 million to $185 million.