Logitech net worth in 2024 reflects a robust financial standing. As of October 2024, the company’s market cap is $13.09 billion, driven by its impressive growth.
Let’s explore how Logitech’s operating income and financial performance shape up, examining revenue trends and its fiscal outlook.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Logitech |
| Full Name | Logitech International S.A. |
| Website | www.logitech.com |
| Industry | Computer peripherals |
| Traded as | NASDAQ: LOGI, SIX: LOGN |
| ISIN | CH0025751329 |
| Founded | 1981 |
| Founders | Daniel Borel, Pierluigi Zappacosta, Giacomo Marini |
| Country/Territory | Switzerland |
| Headquarters | Lausanne, Switzerland; San Jose, USA |
| Chief Executive Officer | Hanneke Faber |
| Number of Employees | 7,000+ |
| Market Cap | $13.09 billion |
| Total Assets | $3.68 billion |
| Total Equity | $2.25 billion |
| Revenue | $1.1 billion (Q1 FY25) |
| Net Income | $142 million (Q1 FY25) |
What is the Net Worth/Market Cap of Logitech in 2024?
Logitech’s market cap stands at $13.09 billion as of October 2024, reflecting its position as one of the top global players in the tech industry.
Comparing this to other major players, it highlights the company’s financial strength. Here’s a list of competitors and partners related to Logitech:
- Microsoft
- Apple
- Dell Technologies
- HP Inc.
- Razer
- Corsair
- Sony
- Samsung
- Lenovo
These companies are also significant in the industry, and it’s worth noting that Logitech remains competitive among the world’s top companies, with many considered among the most valuable brands.
For an overview of more financial giants, check out the leading tech firms.
Logitech Financial Performance Overview
How Revenue Growth Has Evolved Over Time
In Q1 of Fiscal Year 2025, Logitech‘s revenue reached $1.1 billion, marking a 12% growth from the previous year.
Key revenue drivers included gaming products, keyboards, and pointing devices. Gaming alone contributed $309 million, reflecting a 16% increase over the prior year.
Similarly, keyboards and combos saw 19% growth, while pointing devices rose by 9%.
The company’s diversified portfolio has been instrumental in sustaining revenue growth.
Logitech has successfully expanded in both B2B and B2C markets, securing a foothold in essential categories like gaming, productivity, and collaboration tools.
Key Contributors to Annual Operating Income
Logitech’s operating income saw a remarkable rise of 96%, reaching $153 million in Q1 FY25.
This growth was propelled by effective cost management and increasing demand across key product segments. Non-GAAP operating income also increased by 67%, amounting to $182 million.
Gaming products were a significant contributor to income, alongside strong performances in video collaboration and personal peripherals.
Efficient cost control measures further boosted Logitech’s margins, with GAAP gross profit at 42.8% and non-GAAP gross profit at 43.3%.
Analyzing Expenses and Cost Structure
Logitech’s operating expenses in Q1 FY25 stood at $312.8 million. The main areas of expenditure included marketing and selling, research and development (R&D), and general administration.
R&D expenses reached $75.3 million, reflecting the company’s focus on innovation. Marketing and selling costs, at $196.9 million, underline the company’s continued investment in brand awareness and customer acquisition.
Meanwhile, general and administrative expenses totaled $37.5 million.
The Role of Strategic Acquisitions in Driving Growth
Over recent years, Logitech has made several strategic acquisitions to diversify its offerings and enhance growth.
These acquisitions have not only expanded the product portfolio but also contributed significantly to revenue.
One of the key acquisitions was Streamlabs, which strengthened Logitech’s presence in the streaming sector.
The impact of these acquisitions is evident in the growth of the gaming and collaboration sectors, both of which have become major revenue drivers for the company.
Cash Flow Management and Financial Health
In Q1 FY25, Logitech generated $176 million in cash flow from operations. This represents a decrease of 27% compared to the previous year, largely due to higher costs associated with inventory and accounts payable.
However, the company’s strong liquidity position, with $1.53 billion in cash, provides ample room for investments in infrastructure and future acquisitions.
Logitech continues to invest in capital expenditures, including expanding its global presence and improving its supply chain, positioning the company for long-term growth.
Equity and Shareholder Returns
Shareholder equity as of June 30, 2024, stands at $2.25 billion. Logitech has consistently rewarded its shareholders through stock buybacks and dividends.
In Q1 FY25, the company repurchased $130.9 million in shares, reflecting its commitment to returning value to shareholders.
These buybacks, coupled with strong earnings growth, have contributed to a positive outlook for shareholders. Retained earnings reached $3.7 billion, signaling the company’s ability to sustain future expansion.
Earnings Per Share (EPS) Growth and Future Projections
Logitech’s earnings per share (EPS) for Q1 FY25 was $0.92 on a GAAP basis, representing a 136% increase from the previous year.
On a non-GAAP basis, the EPS was $1.13, up 74% year-over-year. These figures reflect strong revenue growth, effective cost management, and operational efficiency.
Looking ahead, Logitech has raised its outlook for FY25, with projected sales between $4.34 – $4.43 billion and non-GAAP operating income expected to range from $700 – $730 million.
Financial Outlook for the Upcoming Fiscal Year
For Fiscal Year 2025, Logitech has increased its guidance, projecting revenue growth between 1% to 3%.
The company expects continued strength in key product segments, including gaming, keyboards, and video collaboration.
Non-GAAP operating income is forecast to grow by up to 4%, reflecting the company’s strong financial health and disciplined execution strategy.
This outlook positions Logitech for sustained growth in a competitive tech landscape.
FAQs About Logitech
What are the main drivers of Logitech’s revenue growth?
Its revenue growth is driven primarily by its gaming products, keyboards, and video collaboration tools. Gaming alone contributed over $309 million in Q1 FY25.
How does Logitech manage its operating income?
It manages its operating income through effective cost control and revenue growth across key segments, such as gaming and personal peripherals.
What role do acquisitions play in Logitech’s financial strategy?
Strategic acquisitions, such as Streamlabs, have played a vital role in Logitech’s growth, expanding its product portfolio and strengthening key revenue-driving sectors.
How does Logitech handle shareholder returns?
It returns value to shareholders through stock buybacks and dividends. In Q1 FY25, Logitech repurchased $130.9 million worth of shares.
What is Logitech’s financial outlook for FY25?
It has raised its FY25 guidance, projecting revenue between $4.34 – $4.43 billion and non-GAAP operating income of $700 – $730 million.
Conclusion
Logitech’s strong financial performance underscores its leadership in the tech sector. To explore more company analyses or share your thoughts, visit Ando Money.
