Reported about 18 hours ago
Logitech announced better-than-expected Q2 earnings, highlighting a 6% sales increase to $1.19 billion, fueled by rising demand for AI-enabled products. Non-GAAP operating income rose 19% to $230 million, surpassing analysts' predictions. The company benefited from increased sales to businesses investing in video conferencing and hybrid work solutions, while gaming product sales also saw an 8% boost. For the upcoming quarter, Logitech forecasts sales between $1.38 billion and $1.42 billion, maintaining a positive outlook.
Source: YAHOO