Logitech International today announced financial results for the second quarter of Fiscal Year 2025.

• Sales were $1.12 billion, up 6 percent in US dollars and 6 percent in constant currency compared to Q2 of the prior year.
• GAAP gross margin was 43.6 percent, up 210 basis points compared to Q2 of the prior year. Non-GAAP gross margin was 44.1 percent, up 210 basis points compared to Q2 of the prior year.
• GAAP operating income was $161 million, up 3 percent compared to Q2 of the prior year. Non-GAAP operating income was $193 million, up 5 percent compared to Q2 of the prior year.
• GAAP earnings per share (EPS) was $0.95, up 10 percent compared to Q2 of the prior year. Non-GAAP EPS was $1.20, up 10 percent compared to Q2 of the prior year.
• Cash flow from operations was $166 million. The quarter-ending cash balance was approximately $1.4 billion.
• The Company returned $340 million of cash to shareholders through its annual dividend payment and share repurchases.

"This quarter we delivered continued robust, profitable growth driven by improving demand," said Hanneke Faber, Logitech chief executive officer. "Growth was broad-based, across regions, categories, and both our consumer and business customers. We launched a terrific set of innovations in the quarter and we are ready for the holidays."

"Once again, our teams executed with discipline this quarter," said Matteo Anversa, Logitech chief financial officer. "We delivered year-over-year expansion of non-GAAP gross margin thanks to the continued strength of our operations. Our strong results and overall business momentum give us the confidence to raise our annual outlook. I'm impressed by the team, our excellent operational rigor and the many opportunities for future growth."

Outlook
Logitech raised its full-year outlook for Fiscal Year 2025:
Financial Results Videoconference and Webcast
Logitech will hold a financial results videoconference to discuss the results for Q2 Fiscal Year 2025 on Tuesday, October 22, 2024 at 5:30 a.m. Pacific Daylight Time and 2:30 p.m. Central European Summer Time. A livestream of the event will be available on the Logitech corporate website at ir.logitech.com.