Upside case
Bull case
$168+56.1%
LOGI would need investors to value it at roughly 30x earnings — about 11x more generous than today's 20x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated Jun 18, 2026
Logitech International S.A. (LOGI) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
19
analysts
5 bullish · 5 bearish · 19 covering LOGI
Strong Buy
0
Buy
5
Hold
9
Sell
5
Strong Sell
0
Consensus Target
$109
+1.3% vs today
Scenario Range
$80 – $168
Model bear to bull value window
Coverage
19
Published analyst ratings
Valuation Context
19.5x
Forward P/E · Market cap $15.4B
LOGI price targets
Three scenarios for where LOGI stock could go
Current
~$108
Confidence
54 / 100
Updated
Jun 18, 2026
Where we are now
Current · $108
Bear
$80
Base
$128
Bull
$168
Market caseClosest to today
Base case
$128+18.5%
At 23x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$80-25.4%
If investor confidence fades or macro conditions deteriorate, a 5x multiple contraction could push LOGI down roughly 25% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Logitech International S.A.
LOGI · NASDAQTechnologyComputer HardwareMarch year-end
Logitech designs and manufactures computer peripherals and consumer electronics that connect people to digital experiences. It generates revenue primarily from PC peripherals like mice and keyboards (~50% of sales), video collaboration products (~25%), and gaming gear (~15%). The company's competitive advantage lies in its strong brand recognition, extensive retail distribution network, and ecosystem of complementary products that create switching costs for users.
Market Cap
$15.4B
Revenue TTM
$4.8B
Net Income TTM
$711M
Net Margin
14.7%
LOGI Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
67%Exceptional
vs consensus estimates
Avg EPS Surprise
+26.4%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$1.26/$1.09
Revenue
$1.1B/$1.2B
Q4 2025
EPS
$1.45/$1.22
Revenue
$1.2B/$1.4B
Q1 2026
EPS
$1.93/$1.79
Revenue
$1.4B/$1.4B
Q2 2026
EPS
$1.13/$1.10
Revenue
$1.1B/$1.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.26/$1.09 | +15.6% | $1.1B/$1.2B | -2.5% |
| Q4 2025 | $1.45/$1.22 | +18.9% | $1.2B/$1.4B | -15.6% |
| Q1 2026 | $1.93/$1.79 | +7.8% | $1.4B/$1.4B | +0.9% |
| Q2 2026 | $1.13/$1.10 | +2.7% | $1.1B/$1.1B | +0.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$5.0B
+3.8% YoY
FY2
$5.2B
+3.8% YoY
EPS Outlook
FY1
$5.25
+8.6% YoY
FY2
$5.52
+5.2% YoY
Trailing FCF (TTM)$976M
FCF Margin: 20.2%
Next Earnings
August 4, 2026
Expected EPS
$1.31
Expected Revenue
$1.2B
LOGI beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
LOGI Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $4.6B
Product Mix
Latest annual revenue by segment or product family
Retail Gaming
29.4%
+8.7% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Americas
43.3%
+4.1% YoY
Tap, hover, or focus a slice to inspect segment detail.
Retail Gaming is the largest disclosed segment at 29.4% of FY 2025 revenue, up 8.7% YoY.
Americas is the largest reported region at 43.3%, up 4.1% YoY.
LOGI Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Cheap versus peers
Fair value est. $152 — implies +41.1% from today's price.
Upside to Fair Value
41.1%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
LOGI
22.4x
vs
S&P 500
24.4x
8% discount
vs Technology Trailing P/E
LOGI
22.4x
vs
Technology
29.0x
23% discount
vs LOGI 5Y Avg P/E
Today
22.4x
vs
5Y Average
21.6x
In line with benchmark
Forward PE
19.5x
S&P 500
18.8x
+4%
Technology
22.3x
-12%
5Y Avg
—
—
Trailing PE
22.4x
S&P 500
24.4x
-8%
Technology
29.0x
-23%
5Y Avg
21.6x
+4%
PEG Ratio
—
S&P 500
1.66x
—
Technology
1.51x
—
5Y Avg
—
—
EV/EBITDA
17.7x
S&P 500
15.2x
+16%
Technology
16.6x
+6%
5Y Avg
15.5x
+14%
Price/FCF
15.8x
S&P 500
20.7x
-24%
Technology
19.2x
-18%
5Y Avg
25.0x
-37%
Price/Sales
3.2x
S&P 500
3.1x
+3%
Technology
2.4x
+31%
5Y Avg
2.7x
+20%
Dividend Yield
1.46%
S&P 500
1.91%
-24%
Technology
1.11%
+32%
5Y Avg
1.52%
-4%
| Metric | LOGI | S&P 500 | Technology | 5Y Avg LOGI |
|---|---|---|---|---|
| Forward PE | 19.5x | 18.8x | 22.3x-12% | — |
| Trailing PE | 22.4x | 24.4x | 29.0x-23% | 21.6x |
| PEG Ratio | — | 1.66x | 1.51x | — |
| EV/EBITDA | 17.7x | 15.2x+16% | 16.6x | 15.5x+14% |
| Price/FCF | 15.8x | 20.7x-24% | 19.2x-18% | 25.0x-37% |
| Price/Sales | 3.2x | 3.1x | 2.4x+31% | 2.7x+20% |
| Dividend Yield | 1.46% | 1.91% | 1.11% | 1.52% |
LOGI trades above S&P 500 benchmarks on 1 of 5 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolLOGI Financial Health
Verdict
Exceptional
LOGI generates $976M in free cash flow at a 20.2% margin — 97.8% ROIC signals a durable competitive advantage · returns 1.5% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$4.8B
Revenue Growth
TTM vs prior year
+6.3%
Gross Margin
Gross profit as a share of revenue
43.2%
Operating Margin
Operating income divided by revenue
16.0%
Net Margin
Net income divided by revenue
14.7%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$4.84
Free Cash Flow (TTM)
Cash generation after capex
$976M
FCF Margin
FCF as share of revenue — the primary cash quality signal
20.2%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
97.8%
ROA
Return on assets, trailing twelve months
18.5%
Cash & Equivalents
Liquid assets on the balance sheet
$1.8B
Net Cash
Cash exceeds total debt — no net leverage
$1.8B
Debt Serviceability
Net debt as a multiple of annual free cash flow
Net cash ✓
ROE
Return on equity, trailing twelve months
32.2%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
1.5%
Dividend
1.5%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$1.57
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
144M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageLOGI Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
Medium
Customer Concentration
Logitech has significant customer concentration with Amazon and major distributors, which could pose risks if relationships deteriorate.
High Risk
Supply Chain Risks
Global manufacturing exposes Logitech to supply chain disruptions, regulatory changes, and geopolitical uncertainties.
Medium
Innovation Pressure
High R&D spending ($316.2M) indicates ongoing pressure to innovate and compete in the peripherals market.
Lower
Valuation Concerns
Current stock price ($110.90) is slightly above consensus target ($109.00), suggesting limited upside potential.
Medium
Cybersecurity Risks
Logitech faces cybersecurity threats that could impact its operations and customer trust.
Medium
Regulatory Challenges
The company is exposed to regulatory risks across multiple global markets.
Lower
Sustainability Risks
Sustainability concerns could impact Logitech's brand and operational costs, though not currently a major issue.
High Risk
Competitive Pressure
Logitech operates in a highly competitive market with constant pressure from rivals in gaming and peripherals.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why LOGI Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Dominant market positioning
Logitech holds a strong position in peripherals with innovative products like MX, Mechanical Keyboards, and gaming gear.
Robust free cash flow
The company generates strong free cash flow, supported by operational excellence and strategic priorities.
Net-cash balance sheet
Logitech maintains a solid financial position with a net-cash balance sheet of $1.28 billion.
Disciplined capital returns
The company is committed to returning capital to shareholders, enhancing total return potential.
Growth in gaming segment
Logitech G's pro-level gaming gear, including headsets and mice, drives growth in the high-performance gaming market.
Innovative product portfolio
Award-winning designs and customizable peripherals for work, home, and gaming cater to diverse consumer needs.
Strong quarterly performance
Logitech reported a 6% sales increase in Q2 FY2026, reflecting consistent revenue growth.
Undervalued stock potential
The stock trades at a discount to intrinsic value, offering a 10.3% CAGR total return opportunity.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
LOGI Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$107.64
52W Range Position
53%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$83.32
+29.2% from the low
52-Week High
$129.62
-17.0% from the high
1 Month
+2.31%
3 Month
+19.41%
YTD
+7.3%
1 Year
+27.4%
3Y CAGR
+24.3%
5Y CAGR
-2.8%
10Y CAGR
+20.8%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
LOGI vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
19.5x
vs 28.3x median
-31% below peer median
Revenue Growth
+3.8%
vs +3.3% median
+16% above peer median
Net Margin
14.7%
vs -2.8% median
+620% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
LOG LOGI Logitech International S.A. | $15.4B | 19.5x | +3.8% | 14.7% | Hold | +1.3% |
SON SONO Sonos, Inc. | $1.8B | 37.6x | +0.3% | -2.8% | Buy | +32.8% |
KOS KOSS Koss Corporation | $38M | — | +3.3% | -8.6% | — | — |
AAP AAPL Apple Inc. | $4.38T | 34.0x | +6.8% | 27.2% | Buy | +9.6% |
MSF MSFT Microsoft Corporation | $2.82T | 22.6x | +8.8% | 39.3% | Buy | +45.5% |
GPR GPRO GoPro, Inc. | $135M | 15.8x | +3.0% | -20.7% | Hold | +533.0% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
LOGI Dividend and Capital Return
LOGI returns 1.5% total yield, led by a 1.46% dividend, raised 12 consecutive years.
Dividend UnknownFCF Well Covered
Total Shareholder Yield
1.5%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
1.46%
Payout Ratio
—
How LOGI Splits Its Return
Div 1.46%
Dividend 1.46%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.57
Growth Streak
Consecutive years of dividend increases
12Y
3Y Div CAGR
17.7%
5Y Div CAGR
12.7%
Ex-Dividend Date
—
Payment Cadence
Annual
1 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
144M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2025 | $1.59 | +16.3% | 4.6% | 6.2% |
| 2024 | $1.37 | +17.7% | 3.8% | 5.0% |
| 2023 | $1.16 | +19.2% | 4.7% | 6.5% |
| 2022 | $0.97 | +3.8% | 3.3% | 4.5% |
| 2021 | $0.94 | +7.5% | 0.9% | 1.7% |
FAQ
7 questionsLOGI Investor Questions
Common questions answered from live analyst data and company financials.
01Is Logitech International S.A. (LOGI) stock a buy or sell in 2026?
Logitech International S.A. (LOGI) is rated Hold by Wall Street analysts as of 2026. Of 19 analysts covering the stock, 5 rate it Buy or Strong Buy, 9 rate it Hold, and 5 rate it Sell or Strong Sell. The consensus 12-month price target is $109, implying +1.3% from the current price of $108. The bear case scenario is $80 and the bull case is $168.
02What is the LOGI stock price target for 2026?
The Wall Street consensus price target for LOGI is $109 based on 19 analyst estimates. The high-end target is $143 (+32.9% from today), and the low-end target is $89 (-17.3%). The base case model target is $128.
03Is Logitech International S.A. (LOGI) stock overvalued in 2026?
LOGI trades at 19.5x times forward earnings. The stock's valuation is broadly in line with the broader market. Based on current multiples versus the peer group, the relative model signals cheap versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Logitech International S.A. (LOGI) stock in 2026?
The primary risks for LOGI in 2026 are: (1) Supply Chain Risks — Global manufacturing exposes Logitech to supply chain disruptions, regulatory changes, and geopolitical uncertainties. (2) Competitive Pressure — Logitech operates in a highly competitive market with constant pressure from rivals in gaming and peripherals. (3) Customer Concentration — Logitech has significant customer concentration with Amazon and major distributors, which could pose risks if relationships deteriorate. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Logitech International S.A.'s revenue and earnings forecast?
Analyst consensus estimates LOGI will report consensus revenue of $5.0B (+3.8% year-over-year) and EPS of $5.25 (+8.6% year-over-year) for the upcoming fiscal year. The following year, analysts project $5.2B in revenue.
06When does Logitech International S.A. (LOGI) report its next earnings?
Logitech International S.A. is expected to report its next earnings on approximately 2026-08-04. Consensus expects EPS of $1.31 and revenue of $1.2B. Over recent quarters, LOGI has beaten EPS estimates 100% of the time.
07How much free cash flow does Logitech International S.A. generate?
Logitech International S.A. (LOGI) generated $976M in free cash flow over the trailing twelve months — a free cash flow margin of 20.2%. LOGI returns capital to shareholders through dividends (1.5% yield) and share repurchases ($0 TTM).