Logitech International raised its full-year outlook on Monday, citing stronger-than-expected demand for its peripheral devices, such as keyboards, mice, and gaming accessories. The company now anticipates both higher sales and improved profit margins, reflecting a recovery in consumer spending and a growing appetite for work-from-home and gaming equipment.
Logitech increased its sales forecast for the fiscal year, projecting revenue growth in the range of 5% to 8%, up from its previous guidance. The company also revised its operating income expectations, targeting a range between $900 million and $950 million, driven by improved efficiency and a better product mix.
The company’s raised outlook comes as demand for tech peripherals remains robust despite broader economic concerns. With hybrid work models still prominent, the need for productivity tools has supported sales, while gaming accessories have seen sustained demand amid a growing esports and online gaming market.
CEO Bracken Darrell expressed confidence in the company’s ability to navigate economic headwinds, noting that Logitech has successfully adapted its supply chain and continues to innovate its product offerings. He also highlighted that the company’s efforts to diversify its revenue streams through software and cloud services have started to pay off.
However, some analysts caution that while Logitech’s performance has been strong, global economic uncertainty could weigh on consumer spending in the coming quarters, potentially limiting upside. Nonetheless, the company’s strategic positioning in key growth markets, such as gaming and remote work, puts it in a solid position for long-term success.
With its full-year outlook now raised, Logitech’s stock could see further gains as investors respond positively to the company’s strong financial performance and optimistic forecast for the months ahead.
