Upside case
Bull case
$195+88.7%
LOGI would need investors to value it at roughly 35x earnings — about 17x more generous than today's 19x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated May 1, 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
+5.4% vs today
Scenario Range
$47 – $195
Model bear to bull value window
Coverage
19
Published analyst ratings
Valuation Context
18.6x
Forward P/E · Market cap $15.2B
LOGI price targets
Three scenarios for where LOGI stock could go
Current
~$103
Confidence
63 / 100
Updated
May 1, 2026
Where we are now
Current · $103
Bear
$47
Base
$122
Bull
$195
Market caseClosest to today
Base case
$122+17.5%
At 22x 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
$47-54.7%
If investor confidence fades or macro conditions deteriorate, a 10x multiple contraction could push LOGI down roughly 55% 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
$15.2B
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
+27.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 4 of 4Q2 2025
EPS
$0.93/$0.86
Revenue
$1.0B/$1.1B
Q3 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
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $0.93/$0.86 | +8.1% | $1.0B/$1.1B | -9.8% |
| 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% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$5.0B
+2.6% YoY
FY2
$5.1B
+3.3% YoY
EPS Outlook
FY1
$5.32
+9.9% YoY
FY2
$5.64
+6.1% YoY
Trailing FCF (TTM)$976M
FCF Margin: 20.2%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
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
Undervalued
Fair value est. $127 — implies +27.3% from today's price.
Upside to Fair Value
27.3%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
LOGI
21.5x
vs
S&P 500
25.2x
15% discount
vs Technology Trailing P/E
LOGI
21.5x
vs
Technology
27.5x
22% discount
vs LOGI 5Y Avg P/E
Today
21.5x
vs
5Y Average
21.6x
In line with benchmark
Forward PE
18.6x
S&P 500
19.1x
-2%
Technology
21.7x
-14%
5Y Avg
—
—
Trailing PE
21.5x
S&P 500
25.2x
-15%
Technology
27.5x
-22%
5Y Avg
21.6x
-0%
PEG Ratio
—
S&P 500
1.75x
—
Technology
1.47x
—
5Y Avg
—
—
EV/EBITDA
17.3x
S&P 500
15.3x
+13%
Technology
17.4x
-0%
5Y Avg
15.5x
+12%
Price/FCF
15.5x
S&P 500
21.3x
-27%
Technology
19.8x
-21%
5Y Avg
25.0x
-38%
Price/Sales
3.1x
S&P 500
3.1x
-0%
Technology
2.4x
+30%
5Y Avg
2.7x
+18%
Dividend Yield
1.52%
S&P 500
1.88%
-19%
Technology
1.18%
+29%
5Y Avg
1.52%
-0%
| Metric | LOGI | S&P 500 | Technology | 5Y Avg LOGI |
|---|---|---|---|---|
| Forward PE | 18.6x | 19.1x | 21.7x-14% | — |
| Trailing PE | 21.5x | 25.2x-15% | 27.5x-22% | 21.6x |
| PEG Ratio | — | 1.75x | 1.47x | — |
| EV/EBITDA | 17.3x | 15.3x+13% | 17.4x | 15.5x+12% |
| Price/FCF | 15.5x | 21.3x-27% | 19.8x-21% | 25.0x-38% |
| Price/Sales | 3.1x | 3.1x | 2.4x+30% | 2.7x+18% |
| Dividend Yield | 1.52% | 1.88% | 1.18% | 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 — 98.0% 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
98.0%
ROA
Return on assets, trailing twelve months
18.5%
Cash & Equivalents
Liquid assets on the balance sheet
$1.7B
Net Cash
Cash exceeds total debt — no net leverage
$1.7B
Debt Serviceability
Net debt as a multiple of annual free cash flow
Net cash ✓
ROE
Return on equity, trailing twelve months
32.3%
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
147M
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 April 29, 2026
High Risk
Trade and Geopolitical Uncertainty
Changes in trade agreements and tariffs pose significant risks to Logitech. The company has withdrawn its financial outlook for FY2026 due to uncertainty in the tariff environment, particularly with potential retaliatory measures from countries like China.
High Risk
Production and Supply Chain
Production risks account for 22% of identified risks for Logitech, including potential supply chain disruptions, material shortages, and transportation delays. These factors can significantly impact product availability and increase operational costs.
Medium
Competition
The peripherals market is highly competitive, with established players and new entrants constantly vying for market share. Logitech must continuously invest in R&D and marketing to maintain its competitive edge and protect profit margins.
Medium
Macroeconomic Factors
Logitech's products are considered discretionary, making them sensitive to economic downturns. Factors such as inflation, interest rate fluctuations, and foreign currency volatility can adversely affect consumer spending and increase cost pressures.
Medium
Data Protection Regulations
Increasingly complex data protection regulations across various jurisdictions can lead to higher compliance costs and potential financial penalties. Non-compliance may also result in negative publicity, impacting the company's reputation.
Lower
Cybersecurity
Logitech has faced cybersecurity incidents, including a limited data breach due to a zero-day vulnerability in third-party software. While sensitive information was reportedly not compromised, such incidents carry inherent risks that could affect consumer trust.
Lower
Increased Operating Expenses
While marketing and advertising expenditures bolster brand strength, they have also led to rising operating expenses. Careful management is required to maintain profitability amidst these increasing costs.
Lower
Valuation and Market Sentiment
Logitech's stock valuation has surged, which may reduce its appeal to investors. Additionally, weaknesses in the North American consumer market and uncertainties surrounding the holiday season present further risks.
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 April 29, 2026
Strong Financial Performance and Growth
Logitech has demonstrated consistent growth, with Q3 Fiscal Year 2026 sales reaching $1.42 billion, a 6% increase in US dollars and 4% in constant currency compared to the prior year. The company reported strong profitability, with GAAP gross margin at 43.2% and GAAP operating income up 22% year-over-year in Q3 FY2026.
Supply Chain Agility and Tariff Mitigation
Logitech has significantly reduced its reliance on China for manufacturing, cutting exposure from 40% to less than 10% for US products manufactured in China. This strategic shift mitigates tariff risks and demonstrates the company's agile supply chain, allowing it to adapt quickly to changing trade environments.
Diversified Product Portfolio
Logitech holds a dominant market position, ranking first or second in 11 competitive product segments and capturing a significant share of the global gaming peripherals market. Its product range spans multiple categories, including pointing devices, keyboards, webcams, gaming peripherals, video collaboration solutions, and audio products.
B2B Pivot and Premiumization
The company's focus on the business-to-business (B2B) sector and premium product segments is driving quality growth and supporting higher margins. This B2B pivot is de-risking the Western market narrative and shows traction in enterprise solutions.
Decoupling from the PC Cycle
Logitech is increasingly leveraging its large installed base and low peripheral attachment rates to move beyond its traditional reliance on the PC market cycle. This strategic shift positions the company for sustained growth independent of fluctuations in the PC market.
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
$103.42
52W Range Position
58%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$76.52
+35.2% from the low
52-Week High
$123.01
-15.9% from the high
1 Month
+11.83%
3 Month
+13.09%
YTD
+3.1%
1 Year
+35.2%
3Y CAGR
+17.0%
5Y CAGR
-1.6%
10Y CAGR
+21.2%
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
18.6x
vs 30.9x median
-40% below peer median
Revenue Growth
+2.6%
vs +4.0% median
-35% below 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. | $15.2B | 18.6x | +2.6% | 14.7% | Hold | +5.4% |
SON SONO Sonos, Inc. | $1.8B | 46.9x | -3.2% | -2.8% | Buy | +32.1% |
KOS KOSS Koss Corporation | $41M | — | +4.1% | -6.8% | — | — |
AAP AAPL Apple Inc. | $4.22T | 33.8x | +4.0% | 27.2% | Buy | +10.3% |
MSF MSFT Microsoft Corporation | $3.07T | 24.9x | +7.0% | 39.3% | Buy | +33.3% |
GPR GPRO GoPro, Inc. | $214M | 28.0x | -9.6% | -14.3% | Hold | +257.1% |
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 1.49% 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
1.49%
Payout Ratio
—
How LOGI Splits Its Return
Div 1.49%
Dividend 1.49%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
147M
| 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 +5.4% from the current price of $103. The bear case scenario is $47 and the bull case is $195.
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 (+38.3% from today), and the low-end target is $89 (-13.9%). The base case model target is $122.
03Is Logitech International S.A. (LOGI) stock overvalued in 2026?
LOGI trades at 18.6x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals undervalued. 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) Trade and Geopolitical Uncertainty — Changes in trade agreements and tariffs pose significant risks to Logitech. (2) Production and Supply Chain — Production risks account for 22% of identified risks for Logitech, including potential supply chain disruptions, material shortages, and transportation delays. (3) Competition — The peripherals market is highly competitive, with established players and new entrants constantly vying for market share. 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 (+2.6% year-over-year) and EPS of $5.32 (+9.9% year-over-year) for the upcoming fiscal year. The following year, analysts project $5.1B in revenue.
06When does Logitech International S.A. (LOGI) report its next earnings?
A confirmed upcoming earnings date for LOGI is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
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).