Logitech International today announced financial results for the first quarter of Fiscal Year 2026.

• Sales were $1.15 billion, up 5 percent in US dollars and 5 percent in constant currency, compared to Q1 of the prior year.
• GAAP gross margin was 41.7 percent, down 110 basis points, compared to Q1 of the prior year. Non-GAAP gross margin was 42.1 percent, down 120 basis points, compared to Q1 of the prior year.
• GAAP operating income was $162 million, up 6 percent, compared to Q1 of the prior year. Non-GAAP operating income was $202 million, up 11 percent, compared to Q1 of the prior year.
• GAAP earnings per share (EPS) was $0.98, up 7 percent compared to Q1 of the prior year. Non-GAAP EPS was $1.26, up 12 percent compared to Q1 of the prior year.
• Cash flow from operations was $125 million. The quarter-ending cash balance was $1.5 billion.
• The Company returned $122 million of cash to shareholders through share repurchases.