Analyst Consensus ?
ConsensusHold19 ratings
Bullish526.3%
Neutral947.4%
Bearish526.3%
Logitech International S.A. · LOGI · FY2026 Q3 · Calendar Q1 2026
Logitech Q3 Growth Holds, While Cost and Demand Risks Persist
Q3 analysis points to product launches and B2B video and education demand supporting growth; durability depends on margin resilience amid tariffs, component costs and softer Western gaming markets.
Reported After market closeNASDAQTechnology
$13.55B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.93
Consensus $1.79
EPS surprise
+7.8%
Reported versus consensus
Reported revenue
$1.42B
Consensus $1.41B
Revenue surprise
+0.9%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-7.6%
Event window
SPY move
-0.0%
Same window
Abnormal move
-7.6%
Stock minus SPY
Volume
4.4×
Versus trailing sessions
Subsequent drift
+7.0%
Up to 20 sessions
LOGISPY benchmark
Ask FN2 about LOGI FY2026 Q3
Transcript, numbers and history already loaded
Why did LOGI fall 7.6% after beating EPS estimates in FY2026 Q3?What changed in LOGI's guidance and outlook in FY2026 Q3?Give me the bull and bear case for LOGI after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter’s analysis, the current quarter describes 6% revenue growth across segments and record non-GAAP operating income. Product momentum and B2B demand remain central, while management’s outlook calls for modest Q4 sales growth and gross margins near the current range.
Guidance delta
Guidance sentiment was maintained. The analysis describes Q4 sales growth guidance of 3%–5% and gross margins remaining near 43%–44%.
Key takeaways
- The analysis reports record Q3 non-GAAP operating income and 6% revenue growth across segments.
- B2B video collaboration and education demand was stronger than B2C.
- New MX Master and Rally AI products were highlighted; AI-enabled video devices are described as shipping at scale.
- Manufacturing diversification was cited as helping offset tariff and cost pressures.
Management priorities
- Continue rolling out AI-enabled video products and expanding peripheral adoption across the PC base.
- Diversify manufacturing under the “China Plus 5” strategy.
- Maintain cost-reduction and pricing initiatives while introducing premium and entry-level gaming products.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$95.53Current
$75Low
$106.57Average
$143High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 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 current price $95.53. 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 | -5.8% | Jul 29, 2026 |
| Wedbush | Analyst unavailable | $130 | $106.02 | +36.1% | Jul 29, 2026 |
| Barclays | Analyst unavailable | $101 | $111.66 | +5.7% | Jul 29, 2026 |
| Morgan Stanley | Erik Woodring | $88 | $97.11 | -7.9% | Jul 8, 2026 |
| Berenberg Bank | Analyst unavailable | $143 | $86.64 | +49.7% | Jan 29, 2026 |
| Morgan Stanley | Analyst unavailable | $89 | $95.48 | -6.8% | Jan 20, 2026 |
| Barclays | Tim Long | $98 | $96.6 | +2.6% | Jan 16, 2026 |
| BNP Paribas | Martin Jungfleisch | $106 | $99.7 | +11.0% | Jan 8, 2026 |
| Morgan Stanley | Analyst unavailable | $107 | $112.28 | +12.0% | Dec 17, 2025 |
| Wedbush | Alicia Reese | $135 | $115.84 | +41.3% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $134 | $113.73 | +40.3% | Oct 29, 2025 |
| Wedbush | Analyst unavailable | $120 | $110.47 | +25.6% | Oct 22, 2025 |
| BNP Paribas | Martin Jungfleisch | $109 | $95.28 | +14.1% | Aug 5, 2025 |
| Wedbush | Analyst unavailable | $115 | $90.97 | +20.4% | Jul 30, 2025 |
| Wedbush | Alicia Reese | $110 | $77.15 | +15.1% | Apr 24, 2025 |
| Wedbush | Alicia Reese | $88 | $80.44 | -7.9% | Oct 23, 2024 |
| Citigroup | Asiya Merchant | $102 | $86.13 | +6.8% | Oct 17, 2024 |
| Loop Capital Markets | Ananda Baruah | $88 | $88.26 | -7.9% | Aug 14, 2024 |
| Barclays | George Wang | $105 | $89.4 | +9.9% | Jul 24, 2024 |
| Morgan Stanley | Erik Woodring | $75 | $86.84 | -21.5% | Apr 15, 2024 |
| Morgan Stanley | Erik Woodring | $56 | $60.98 | -41.4% | May 1, 2023 |
| Morgan Stanley | Erik Woodring | $40 | $53.72 | -58.1% | Mar 9, 2023 |
| Wedbush | Analyst unavailable | $60 | $56.59 | -37.2% | Jan 12, 2023 |
| Citigroup | Analyst unavailable | $75 | $61.66 | -21.5% | Dec 21, 2022 |
| Wedbush | Analyst unavailable | $70 | $60.31 | -26.7% | Dec 6, 2022 |
| Loop Capital Markets | Ananda Baruah | $55 | $54.19 | -42.4% | Jul 27, 2022 |
| Morgan Stanley | Analyst unavailable | $45 | $53.59 | -52.9% | Jul 27, 2022 |
| Citigroup | Analyst unavailable | $70 | $55.07 | -26.7% | Jul 27, 2022 |
| Citigroup | Analyst unavailable | $80 | $52.51 | -16.3% | Jul 14, 2022 |
| Morgan Stanley | Erik Woodring | $53 | $51.99 | -44.5% | Jun 14, 2022 |
| Morgan Stanley | Analyst unavailable | $60 | $65.94 | -37.2% | May 4, 2022 |
| Bank of America Securities | Adam Angelov | $107 | $71.44 | +12.0% | Apr 2, 2022 |
| Loop Capital Markets | Ananda Baruah | $110 | $73.21 | +15.1% | Mar 5, 2022 |
| D.A. Davidson | Tom Forte | $123 | $83.22 | +28.8% | 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 |
|---|---|---|---|---|
| INTC Intel Corp. | FY2026 Q3 · Calendar Q4 2026 | +27.9% | -28.6% | Intel: AI Server Demand Offsets PC Weakness, CapEx Rises |
| GDDY GoDaddy Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.5% | +10.7% | GoDaddy: Airo accelerates while guidance is maintained |
| MPWR Monolithic Power Systems, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.1% | +1.1% | MPWR tops $1 billion in revenue as data-center demand accelerates |
| TWLO Twilio Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.2% | -15.2% | Twilio raises growth outlook as AI and software adoption expand |
| SNDK Sandisk Corporation | FY2027 Q1 · Calendar Q4 2026 | +6.1% | -13.5% | SNDK: AI-driven NAND demand remains strong, but execution risks persist |
| RBLX Roblox Corporation | FY2026 Q3 · Calendar Q4 2026 | +26.2% | -18.1% | Roblox pairs strong engagement with lower Q4 bookings guidance |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- 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
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— 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 · 2026-11-02T01:00:46.317176+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T01:00:46.314490+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 2026-11-02. For educational purposes only; not investment advice.