$LOGI

LOGITECH INTERNATIONAL SA

CIK:0001032975|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 1,227,234	$ 1,147,703
Cost of goods sold	618,599	666,592
Amortization of intangible assets	695	2,149
Gross profit	607,940	478,962
Operating expenses:
Marketing and selling	219,745	195,796
Research and development	84,623	74,587
General and administrative	43,525	41,797
Amortization of intangible assets and acquisition-related costs	926	2,646
Restructuring charges, net	570	2,042
Total operating expenses	349,389	316,868
Operating income	258,551	162,094
Interest income	14,099	11,229
Other income (expense), net	2,930	1,162
Income before income taxes	275,580	174,485
Provision for income taxes	39,883	28,470
Net income	$ 235,697	$ 146,015
Net income per share:
Basic (in dollars per share)	$ 1.64	$ 0.99
Diluted (in dollars per share)	$ 1.63	$ 0.98
Weighted average shares used to compute net income per share:
Basic (in shares)	143,495	147,864
Diluted (in shares)	145,038	149,053

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 235,697	$ 146,015
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	17,360	15,064
Amortization of intangible assets	1,621	4,795
(Gain) loss on investments	(557)	393
Share-based compensation expense	29,632	32,828
Deferred income taxes	13,872	12,113
Other	(2)	(25)
Changes in assets and liabilities:
Accounts receivable, net	(162,667)	(166,767)
Inventories	(707)	17,304
Other assets	(29,789)	(19,817)
Accounts payable	56,210	135,003
Accrued and other liabilities	6,038	(51,861)
Net cash provided by operating activities	166,708	125,045
Cash flows from investing activities:
Purchases of property, plant and equipment	(16,798)	(16,276)
Purchases of deferred compensation investments	(4,721)	(3,261)
Proceeds from sales of deferred compensation investments	4,586	1,738
Other investing activities	(214)	(301)
Net cash used in investing activities	(17,147)	(18,100)
Cash flows from financing activities:
Purchases of registered shares	(113,616)	(121,657)
Proceeds from exercises of stock options and purchase rights	8,607	3,262
Tax withholdings related to net share settlements of restricted stock units	(35,644)	(16,038)
Net cash used in financing activities	(140,653)	(134,433)
Effect of exchange rate changes on cash and cash equivalents	(775)	12,105
Net increase (decrease) in cash and cash equivalents	8,133	(15,383)
Cash and cash equivalents, beginning of the period	1,741,546	1,503,205
Cash and cash equivalents, end of the period	1,749,679	1,487,822
Non-cash investing and financing activities:
Property, plant and equipment purchased during the period and included in period end liability accounts	10,790	8,565
Right-of-use assets obtained in exchange for operating lease liabilities	1,023	1,221
Supplemental cash flow information:
Income taxes paid, net	$ 7,952	$ 28,772

CONDENSED CONSOLIDATED BALANCE SHEETS $ in Thousands, SFr in Millions	Jun. 30, 2026 USD ($)	Mar. 31, 2026 USD ($)
Current assets:
Cash and cash equivalents	$ 1,749,679	$ 1,741,546
Accounts receivable, net	668,497	505,867
Inventories	491,743	489,948
Other current assets	211,324	177,895
Total current assets	3,121,243	2,915,256
Non-current assets:
Property, plant and equipment, net	113,021	116,454
Goodwill	464,959	465,417
Other intangible assets, net	10,752	12,386
Other assets	324,090	339,075
Total assets	4,034,065	3,848,588
Current liabilities:
Accounts payable	585,798	530,983
Accrued and other current liabilities	764,666	781,990
Total current liabilities	1,350,464	1,312,973
Non-current liabilities:
Income taxes payable	92,547	86,322
Other non-current liabilities	239,309	237,899
Total liabilities	1,682,320	1,637,194
Commitments and contingencies (Note 10)
Shareholders’ equity:
Registered shares, CHF 0.25 par value Issued shares: 160,784 at June 30, 2026 and March 31, 2026	28,001	28,001
Additional paid-in capital	66,528	123,386
Shares in treasury, at cost Treasury shares: 17,218 and 17,282 at June 30, 2026 and March 31, 2026, respectively	(1,226,865)	(1,207,454)
Retained earnings	3,596,323	3,381,278
Accumulated other comprehensive loss	(112,242)	(113,817)
Total shareholders’ equity	2,351,745	2,211,394
Total liabilities and shareholders’ equity	$ 4,034,065	$ 3,848,588