Description

Logitech Is Breaking Free From the PC Cycle—and Investors Should Notice!

The results reflect a period of strong operational execution by **Logitech**, supported by product momentum, disciplined cost control, and effective working capital management, while also revealing areas where end-market conditions remain uneven. Revenue growth in the quarter was positive on a constant currency basis and broad-based across regions and categories, marking a continuation of sequential improvement. Personal Workspace and Video Collaboration were the primary growth contributors, while Gaming delivered modest growth amid regional market softness. Profitability metrics were notably strong, with non-GAAP operating income expanding at a faster pace than revenue, driven by gross margin resilience and operating expense discipline. Cash flow generation was a standout, supported by efficient inventory management and strong collections, resulting in operating cash flow that exceeded operating income and a materially improved cash conversion cycle.