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→Stable
- Soft Growth Limits Rerating↓Deteriorating
- Four Quarter Earnings Beat Streak→Stable
- +1 more pillar — see the Why tab for full reasoning
Logitech International S.A. - R (LOGI) Stock Analysis
Technology · Computer Hardware
Hold if already holding. Not a fresh buy at $105.79, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining.
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
Hold if already holding. Not a fresh buy at $105.79, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Downgraded from BUY WAIT — price $105.78 has reached target $104.36. No upside to wait for. Score 5.7/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 3d<=7d. 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 2026-07-26Recent Developments — Logitech International S.A. - R
Latest news
- NEWS Logitech International S.A. Stock (CH0025751329): Shares Fall 3.1% - AD HOC NEWS — AD HOC NEWS negative
- NEWS Logitech International S.A. Stock (CH0025751329): Shares Fall 3.1% to $95.00 on April 23, 2026 - AD HOC NEWS — AD HOC NEWS negative
- NEWS Is Logitech International S.A. (LOGI) A Good Stock To Buy Now? - Insider Monkey — Insider Monkey neutral
- NEWS Logitech (LOGI) Appoints New Global Head of Gaming Division - GuruFocus — GuruFocus neutral
- NEWS How Logitech (LOGI) pricing offsets input costs | Logitech posts 10.4% EPS beat topping consensus analyst expectations - — Newser positive
Generated 2026-07-26T05:12:16Z.
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.
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Rating Breakdown
2 floor-breakers
Technicals below the gate floor. Component breakdown shows what dragged the score down.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
Hold if already holding. Not a fresh buy at $105.79, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Downgraded from BUY WAIT — price $105.78 has reached target $104.36. No upside to wait for. Target $104.36 (-1.4%), stop $88.58 (−19.4%), A.R:R -0.6:1. Score 5.7/10, moderate confidence.
Take-profit target: $104.36 (-8.5% upside). Target $104.36 (-1.4%), stop $88.58 (−19.4%), A.R:R -0.6:1. Stop-loss: $88.58.
Analyst target reached - limited upside remaining.
Logitech International S.A. - R trades at a P/E of 21.4 (forward 17.1). TrendMatrix value score: 5.5/10. Verdict: Hold.
18 analysts cover LOGI with a consensus score of 3.7/5. Average price target: $111.
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.