Logitech

Q1 FY2027 EarningsQ1 FY27 results significantly exceeded consensus across all key metrics: revenue of $1,227.2M (+1.90% vs. consensus) and GAAP EPS of $1.63 (+50.60% vs. consensus). The primary driver for the substantial margin beat was a $61M U.S. tariff refund recognized as a reduction in COGS, alongside organic growth in Gaming (+12% YoY) and Pointing Devices (+16% YoY). While operational performance was robust, management highlighted a semiconductor supplier incident that will likely impact product availability in Q2 and Q3 FY27.