This computer hardware franchise earns a return on equity above 30% and has beaten consensus in four straight quarters, but growth is soft, leverage is elevated at a debt-to-equity of 4.0, and momentum has stalled — though roughly 14.6% remains to the resistance-based price target at a 2.1-to-1 favorable risk/reward for patient holders.
Thesis pillars
- High Return Quality Franchise↓Deteriorating
- Soft Growth Limits Rerating↑Improving
- Four Quarter Earnings Beat Streak→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed May 21, 2026· older than 90 days
Logitech International S.A. - R (LOGI) Stock Analysis
Temporary headwind edge
Technology · Computer Hardware
Wait for pullback to $81.85. At $92.85 the A.R:R is 0.1:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $81.85 (R/R-minimum solve) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8.
Logitech International designs and sells computer peripherals across Gaming, Keyboards & Combos, Pointing Devices, Video Collaboration, Webcams, Tablet Accessories, and Headsets under the Logitech and Logitech G brands globally. Amazon (18%), Ingram Micro (14%), and TD Synnex... Read more
Wait for pullback to $81.85. At $92.85 the A.R:R is 0.1:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $81.85 (R/R-minimum solve) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Fundamentals strong but target reached (1.0% upside). Wait for pullback. Score 5.5/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 90d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About Logitech International S.A. - R
About Logitech International S.A. - R
Three channel partners — Amazon (18% of gross sales), Ingram Micro (14%), and TD Synnex (12%) — collectively accounted for 44% of Logitech International's fiscal 2026 gross sales, with the company acknowledging no long-term commitments with any of them. R&D spending reached $316.2 million in fiscal 2026, representing 6.5% of net sales, funding 7 product categories including Gaming, Video Collaboration, and Keyboards & Combos under a single Peripherals operating segment. Production at the company's Suzhou, China facility handles approximately 35% of total output by value.
Logitech sells through distributors, retailers, e-tailers, and direct enterprise channels across Americas, EMEA, and Asia Pacific, with a seasonal peak in the October-to-December quarter driven by holiday demand and calendar year-end business spending. Manufacturing beyond the Suzhou facility is handled by contract manufacturers in China, Vietnam, Thailand, Mexico, Malaysia, and Taiwan. Key components — microcontrollers, optical sensors, and memory chips — are purchased from a limited number of sources; the AI infrastructure build-out has elevated prices for some chips and displaced supplier capacity away from components Logitech uses. The company competes against Razer, Corsair, and SteelSeries in gaming; Cisco, Poly, and Jabra in video collaboration; and Apple, Dell, and HP across keyboards and pointing devices.
Show full overview
Logitech's 10-K explicitly labels Amazon, Ingram Micro, and TD Synnex as a concentrated distribution group — 44% of fiscal 2026 gross sales combined — without long-term commitments. If online sales grow as a percentage of overall sales, Logitech expects reliance on Amazon would increase further. The Suzhou, China facility, which handles approximately 35% of total production by value, is subject to labor cost inflation, high employee turnover, and cross-border intellectual property and technology transfer restrictions that could weigh on production capacity.
See also: Technology · Computer Hardware
From Logitech International S.A. - R's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated Nov 2, 2026Recent Developments — Logitech International S.A. - R
Latest news
- NEWS Logitech stock faces supplier shock after a strong fiscal Q2 - ad-hoc-news.de — ad-hoc-news.de Nov 2, 2026 negative
- NEWS LOGI Maintained by Morgan Stanley -- Price Target Raised to $94. - GuruFocus — GuruFocus Oct 28, 2026 positive
- NEWS Logitech International SA (LOGI) (Q2 2027) Earnings Call Highlig - GuruFocus — GuruFocus Oct 28, 2026 neutral
- NEWS Logitech stock: October 27 results set the next test for Logitech stock - ad-hoc-news.de — ad-hoc-news.de Oct 21, 2026 neutral
- NEWS Logitech stock: October 27 results set the next test for Logitech stock - AD HOC NEWS — AD HOC NEWS Oct 21, 2026 neutral
Latest item Nov 2, 2026 · Generated 2026-11-04T11:54:38Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerAmazon18%10-K Item 1: 'Amazon Inc. and its affiliated entities together accounted for 18%, 19% and 18% of our gross sales, respectively'
- LOWCustomerIngram Micro14%10-K Item 1: 'Ingram Micro Inc. and its affiliated entities together accounted for 14%, 14% and 13% of our gross sales, respectively'
- LOWCustomerTD Synnex12%10-K Item 1: 'TD Synnex and its affiliated entities together accounted for 12%, 12%, and 14% of our gross sales in fiscal years 2026, 2025, and 2024, respectively'
- MEDIUMGeographicChina (manufacturing)35%10-K Item 1A: 'We produce approximately 35% of our products at the facilities we own in China'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $81.85. At $92.85 the A.R:R is 0.1:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $81.85 (R/R-minimum solve) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Fundamentals strong but target reached (1.0% upside). Wait for pullback. Target $93.79 (+1.0%), stop $76.12 (−22.0%), A.R:R 0.1:1. Score 5.5/10, moderate confidence.
Take-profit target: $93.79 (+1.0% upside). Target $93.79 (+1.0%), stop $76.12 (−22.0%), A.R:R 0.1:1. Stop-loss: $76.12.
Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8; Weak growth.
Logitech International S.A. - R trades at a P/E of 16.7 (forward 15.2). TrendMatrix value score: 6.3/10. Verdict: Buy (Wait for Entry).
19 analysts rate LOGI, with a consensus score of 3.6/5. 10 analysts publish price targets averaging $108.
What does Logitech International S.A. - R do?Logitech International designs and sells computer peripherals across Gaming, Keyboards & Combos, Pointing Devices,...
Logitech International designs and sells computer peripherals across Gaming, Keyboards & Combos, Pointing Devices, Video Collaboration, Webcams, Tablet Accessories, and Headsets under the Logitech and Logitech G brands globally. Amazon (18%), Ingram Micro (14%), and TD Synnex (12%) together accounted for 44% of fiscal 2026 gross sales; R&D investment was $316.2 million (6.5% of net sales) in fiscal 2026.