Logitech stock fell 10.28% to $100.33 during Nasdaq trading on October 28, 2026, even as the company reported higher earnings and revenue for its fiscal second quarter. The shares were down $11.49 from their previous close of $111.82.
Logitech stock and second-quarter results
The shares opened at $100.40 and traded between $98.99 and $102.56 during the session. Volume stood at 1.11 million shares, compared with average volume of about 893,000.
For the quarter ended September 30, Logitech reported net income of $180.04 million, or $1.25 per diluted share, up from $170.67 million, or $1.15 per share, a year earlier. Revenue rose 2.7% to $1.22 billion from $1.19 billion. Adjusted earnings were $216.66 million, or $1.51 per share.
Supplier disruption included in outlook
In its fiscal third-quarter outlook, Logitech forecast sales of $1.36 billion to $1.43 billion. The company estimated that an incident at a semiconductor supplier’s manufacturing facility would reduce quarterly sales by approximately $70 million to $80 million.
The facility reopened in September after closing at the end of June, but its capacity remained below Logitech’s requirements. The company said it expected full production to resume by the end of the calendar year and the disruption’s impact to be largely resolved by its fiscal fourth quarter.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
Comments
Be respectful. No spam, impersonation or private credentials. Ordinary posts and comments appear immediately; suspicious links are held for review.
Please wait…