Logitech posted Q1 FY27 net income of $235.7 million, up 61% year over year; GAAP EPS rose to $1.63, up 66%.
Net sales increased to $1.23 billion, up 7% year over year; GAAP operating income climbed to $259 million, up 60%.
GAAP gross margin widened to 49.5% from 41.7% a year earlier, aided by $61 million in tariff refunds.
Q2 outlook and supply-chain impact
Q2 outlook calls for net sales of $1.19 billion to $1.22 billion, up 0%-3% year over year; non-GAAP operating income seen at $185 million to $210 million.
Management flagged a late-June 2026 semiconductor supplier incident, forecasting about $20 million Q2 net sales headwind, up to $200 million in Q3.
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