Logitech Posts Modest Growth Amid PC Slump
The peripherals maker reported a 2% constant-currency sales gain for its second quarter of fiscal 2027 as global PC shipments fell 20%.
Updated on Nov. 5, 2026 in Computers
Logitech reported a 2% constant-currency net sales increase and $231 million in non-GAAP operating income for its second quarter of fiscal 2027. Pointing devices and keyboards grew mid-single digits even as global PC shipments declined 20% in the quarter.
Why it matters
The results show that Logitech is gaining share by selling upgraded peripherals to its existing installed base despite a weak PC market. Demand from mandated return-to-office policies and aging hardware refreshes is giving the company non-discretionary enterprise sales.
Video collaboration net sales grew 12% in constant currency, while pointing devices and keyboards grew mid-single digits. The third-quarter headwind from a third-party semiconductor supplier accident was reduced to between $70 million and $80 million from up to $200 million at risk.
The players
Logitech
Logitech is a Swiss-American maker of computer peripherals, including mice, keyboards, and video collaboration equipment, and it reports results under non-GAAP measures.
The details
Logitech attributed its video collaboration growth to the post-COVID refresh wave, office footprint expansion, and AI-driven video collaboration room expansion. An accident at a third-party semiconductor supplier threatened up to $200 million in sales, but operational workarounds reduced the expected third-quarter impact.
Timeline
Oct. 27, 2026: Logitech held its second-quarter fiscal 2027 earnings call.
Last quarter: Logitech received $61 million in tariff refunds.
Fourth quarter: Normal operations are expected to return after the supplier incident is largely resolved.
Market Landscape
Logitech's video collaboration gains trace back to the post-COVID refresh wave that pushed businesses to upgrade meeting-room hardware. Its results show that replacement demand in that segment has persisted even as broader PC unit sales contract sharply.
Businesses refreshing meeting rooms and office setups may see continued availability of Logitech's video collaboration and peripheral products. Individual buyers can expect the company to keep shipping upgraded keyboards and pointing devices despite weak PC shipment trends.
The takeaway
Peripheral makers that sell upgrades into an existing installed base can keep growing when the broader PC market falls. Watching whether video collaboration demand holds through the coming quarters will show how durable this trend is.
What happens next
Logitech expects the supplier incident to be largely resolved and normal operations to return by the fourth quarter of fiscal 2027.
Further reading
Explore more Computers coverage for context on the PC hardware market shaping peripheral sales.
Source note: This article includes information reported by The Motley Fool.
