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Computer parts maker Logitech plans $2b share buyback
Logitech International has announced a US$2 billion share repurchase plan set to occur over the next three years, increasing the current buyback program by US$600 million, as said on Mar.5, 2025.
The Swiss-American computer peripherals maker reaffirmed its fiscal year 2025 sales outlook, expecting growth between 5.4% and 6.4%.
This results in projected sales of US$4.54 to US$4.57 billion.
For fiscal year 2026, Logitech anticipates sales between US$4.53 billion and US$4.71 billion, which reflects potential growth of 1% to 3% in US dollars.
During its investor day event in San Jose, California, Logitech outlined its long-term targets. These include annual sales growth of 7% to 10%, a non-GAAP gross margin above 40%, and an operating margin between 15% and 18%.
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