Analyst Consensus ?
ConsensusHold19 ratings
Bullish526.3%
Neutral947.4%
Bearish526.3%
Logitech International S.A. · LOGI · FY2026 Q2 · Calendar Q4 2025
Logitech’s FY2026 Q2: B2B strength offsets U.S. gaming caution
The supplied Q2 analysis presents a business with support from B2B demand, product introductions and APAC performance, while consumer gaming softness and macro uncertainty temper the outlook. The evidence supports resilience, but does not establish that broad consumer demand is recovering.
Reported After market closeNASDAQTechnology
$13.41B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.45
Consensus $1.22
EPS surprise
+18.9%
Reported versus consensus
Reported revenue
$1.19B
Consensus $1.40B
Revenue surprise
-15.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+1.9%
Event window
SPY move
+0.0%
Same window
Abnormal move
+1.8%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
-4.6%
Up to 20 sessions
LOGISPY benchmark
Ask FN2 about LOGI FY2026 Q2
Transcript, numbers and history already loaded
Why did LOGI rise 1.9% after beating EPS estimates in FY2026 Q2?What changed in LOGI's guidance and outlook in FY2026 Q2?Give me the bull and bear case for LOGI after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with Q1, the Q2 analysis continues to emphasize B2B strength and manufacturing diversification, while its latest outlook calls for modest Q3 growth and more explicitly flags U.S. consumer gaming softness and uncertainty around consumer spending.
Guidance delta
Management maintained its outlook and, in the supplied analysis, projected modest Q3 sales growth. No guidance increase or deterioration is indicated in the analysis.
Key takeaways
- B2B demand, particularly in video collaboration and personal workspace, was described as strong.
- APAC, especially China, and new products were identified as growth drivers.
- Management described U.S. consumer gaming as soft and noted uncertainty around the macro environment.
- Pricing, cost discipline and manufacturing diversification remain important parts of management’s response to trade and cost pressures.
Management priorities
- Invest in R&D and demand generation while launching additional products.
- Continue diversifying manufacturing and expanding Logitech for Business in premium solutions.
- Maintain cost discipline and consider selective M&A opportunities that support growth.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$94.55Previous close
$75Low
$106.57Average
$143High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Underweight | Underweight | Maintain | Oct 28, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 28, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 13, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Jul 29, 2026 |
| Citigroup | Buy | Buy | Maintain | May 7, 2026 |
| UBS | Neutral | Buy | Downgrade | Mar 17, 2026 |
| Exane BNP Paribas | Outperform | Neutral | Upgrade | Aug 5, 2025 |
| Loop Capital | Hold | Hold | Maintain | May 6, 2025 |
| B of A Securities | Neutral | Underperform | Upgrade | Apr 4, 2025 |
| Deutsche Bank | Sell | Hold | Downgrade | Apr 16, 2024 |
| Goldman Sachs | Neutral | Buy | Downgrade | Jun 25, 2021 |
| Maxim Group | Hold | Sell | Upgrade | Jan 23, 2019 |
| DA Davidson | Buy | Buy | Maintain | Sep 5, 2018 |
| Brean Capital | Buy | Buy | Maintain | Oct 26, 2016 |
| Sterne Agee CRT | Neutral | Neutral | Maintain | Apr 5, 2016 |
| S&P Capital IQ | Sell | Hold | Downgrade | Jan 2, 2014 |
| Avondale Partners | Market Underperform | Perform | Downgrade | Apr 22, 2013 |
| Credit Suisse | Underperform | Neutral | Downgrade | Jan 15, 2013 |
| Raymond James | Market Perform | Outperform | Downgrade | Oct 26, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $94.55. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Erik Woodring | $90 | $105.72 | -4.8% | Jul 29, 2026 |
| Wedbush | Analyst unavailable | $130 | $106.02 | +37.5% | Jul 29, 2026 |
| Barclays | Analyst unavailable | $101 | $111.66 | +6.8% | Jul 29, 2026 |
| Morgan Stanley | Erik Woodring | $88 | $97.11 | -6.9% | Jul 8, 2026 |
| Berenberg Bank | Analyst unavailable | $143 | $86.64 | +51.2% | Jan 29, 2026 |
| Morgan Stanley | Analyst unavailable | $89 | $95.48 | -5.9% | Jan 20, 2026 |
| Barclays | Tim Long | $98 | $96.6 | +3.6% | Jan 16, 2026 |
| BNP Paribas | Martin Jungfleisch | $106 | $99.7 | +12.1% | Jan 8, 2026 |
| Morgan Stanley | Analyst unavailable | $107 | $112.28 | +13.2% | Dec 17, 2025 |
| Wedbush | Alicia Reese | $135 | $115.84 | +42.8% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $134 | $113.73 | +41.7% | Oct 29, 2025 |
| Wedbush | Analyst unavailable | $120 | $110.47 | +26.9% | Oct 22, 2025 |
| BNP Paribas | Martin Jungfleisch | $109 | $95.28 | +15.3% | Aug 5, 2025 |
| Wedbush | Analyst unavailable | $115 | $90.97 | +21.6% | Jul 30, 2025 |
| Wedbush | Alicia Reese | $110 | $77.15 | +16.3% | Apr 24, 2025 |
| Wedbush | Alicia Reese | $88 | $80.44 | -6.9% | Oct 23, 2024 |
| Citigroup | Asiya Merchant | $102 | $86.13 | +7.9% | Oct 17, 2024 |
| Loop Capital Markets | Ananda Baruah | $88 | $88.26 | -6.9% | Aug 14, 2024 |
| Barclays | George Wang | $105 | $89.4 | +11.1% | Jul 24, 2024 |
| Morgan Stanley | Erik Woodring | $75 | $86.84 | -20.7% | Apr 15, 2024 |
| Morgan Stanley | Erik Woodring | $56 | $60.98 | -40.8% | May 1, 2023 |
| Morgan Stanley | Erik Woodring | $40 | $53.72 | -57.7% | Mar 9, 2023 |
| Wedbush | Analyst unavailable | $60 | $56.59 | -36.5% | Jan 12, 2023 |
| Citigroup | Analyst unavailable | $75 | $61.66 | -20.7% | Dec 21, 2022 |
| Wedbush | Analyst unavailable | $70 | $60.31 | -26.0% | Dec 6, 2022 |
| Loop Capital Markets | Ananda Baruah | $55 | $54.19 | -41.8% | Jul 27, 2022 |
| Morgan Stanley | Analyst unavailable | $45 | $53.59 | -52.4% | Jul 27, 2022 |
| Citigroup | Analyst unavailable | $70 | $55.07 | -26.0% | Jul 27, 2022 |
| Citigroup | Analyst unavailable | $80 | $52.51 | -15.4% | Jul 14, 2022 |
| Morgan Stanley | Erik Woodring | $53 | $51.99 | -43.9% | Jun 14, 2022 |
| Morgan Stanley | Analyst unavailable | $60 | $65.94 | -36.5% | May 4, 2022 |
| Bank of America Securities | Adam Angelov | $107 | $71.44 | +13.2% | Apr 2, 2022 |
| Loop Capital Markets | Ananda Baruah | $110 | $73.21 | +16.3% | Mar 5, 2022 |
| D.A. Davidson | Tom Forte | $123 | $83.22 | +30.1% | Oct 27, 2021 |
Track every rating change on LOGI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationLogitech International S.A., a Swiss-based corporation founded in 1981 and headquartered in Lausanne, specializes in designing, manufacturing, and globally distributing an extensive array of devices that connect individuals to digital and cloud experiences. Its comprehensive product line encompasses various input peripherals, such as wireless mice, a wide range of keyboards (including corded, cordless, living room-specific, and keyboard-and-mouse combinations), PC webcams, and keyboards tailored for tablets and smartphones. For the gaming community, Logitech provides performance-focused keyboards, mice, headsets, and immersive simulation hardware like steering wheels and flight sticks.…
Historical context
All LOGI earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| TSEM Tower Semiconductor Ltd. | FY2026 Q3 · Calendar Q4 2026 | +7.5% | -6.7% | Tower Semiconductor posts record Q3 as silicon photonics expansion advances |
| AAPL Apple Inc. | FY2026 Q4 · Calendar Q4 2026 | +3.0% | -1.8% | Apple posts a record quarter as cost and supply pressures persist |
| PLTR Palantir Technologies Inc. | FY2026 Q3 · Calendar Q4 2026 | +8.3% | -3.1% | Palantir raises FY2026 outlook as revenue growth accelerates |
| ON ON Semiconductor Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.5% | -2.2% | ON Semiconductor: AI power demand leads, Q4 outlook upbeat |
| CHKP Check Point Software Technologies Ltd. | FY2026 Q3 · Calendar Q4 2026 | +0.4% | -7.0% | Check Point Sees Q3 as Revenue Trough, While Subscriptions Grow |
| FN Fabrinet | FY2027 Q1 · Calendar Q4 2026 | +3.3% | -3.8% | Fabrinet posts 51% growth as capacity expansion accelerates |
Latest beats and misses
Who reports nextBeat on EPS
- TSEMFY2026 Q3 · November 2, 2026+7.5% EPS-6.7% move
- CLXFY2027 Q1 · November 2, 2026+44.9% EPS+2.2% move
- AAPLFY2026 Q4 · November 2, 2026+3.0% EPS-1.8% move
- PLTRFY2026 Q3 · November 2, 2026+8.3% EPS-3.1% move
- ETRFY2026 Q3 · November 2, 2026+14.5% EPS-0.2% move
- OFY2026 Q3 · November 2, 2026+5.7% EPS+1.1% move
Missed on EPS
- VRTXFY2026 Q3 · November 2, 2026-1.2% EPS-1.0% move
- PEGFY2026 Q3 · November 2, 2026-3.4% EPS+0.1% move
- RYAAYFY2027 Q2 · November 2, 2026-0.3% EPS+2.9% move
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
Get the LOGI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-03T12:10:43.938468+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T12:10:43.935689+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-03. For educational purposes only; not investment advice.