Key facts
- Logitech reported non-GAAP adjusted operating income of $290 million for the three months ending June.
- This figure was up 44% from the previous year and exceeded analysts' forecasts of $209 million.
- A $61 million refund of tariffs on products shipped to the U.S. significantly boosted the results.
- The company reaffirmed its financial outlook for fiscal year 2025.
- Logitech withdrew its financial outlook for fiscal year 2026 due to tariff uncertainty.
Logitech International reported better-than-expected quarterly sales and profit, with results boosted by a $61 million refund of tariffs imposed under U.S. President Donald Trump. The Swiss-U.S. maker of computer peripherals announced non-GAAP adjusted operating income of $290 million for the three months ending June, a 44% increase from the prior year and surpassing analysts' forecast of $209 million. The tariff refund was related to products manufactured in China, Vietnam, Malaysia, Mexico, Thailand, and Taiwan and shipped to the United States, Logitech's largest market. The company reaffirmed its financial outlook for fiscal year 2025, projecting net sales between $4.54 billion and $4.57 billion and non-GAAP operating income between $755 million and $770 million. However, citing continuing uncertainty in the tariff environment, Logitech withdrew its financial outlook for fiscal year 2026.