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↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Logitech International S.A. - R (LOGI) Stock Analysis
Breakout setup
Technology · Computer Hardware
Wait for pullback to $101.43. BUY gates pass at $102.70, but analyst target reached - limited upside remaining and sector modifier (Technology): -0.8 argue for a more patient entry. Engine's entry $101.43 (50-day MA) is the shallowest technical level that clears the 2:1 A.R:R minimum.
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
Wait for pullback to $101.43. BUY gates pass at $102.70, but analyst target reached - limited upside remaining and sector modifier (Technology): -0.8 argue for a more patient entry. Engine's entry $101.43 (50-day MA) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Golden cross, above all MAs, RSI 67, MACD bullish. Wide-moat business. Accumulate on weakness. Score 6.5/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 52d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. 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 2026-09-13Recent Developments — Logitech International S.A. - R
Latest news
- NEWS LOGI Maintained by Barclays -- Price Target Lowered to $101.00 - GuruFocus — GuruFocus negative
- NEWS Logitech International SA (LOGI) Q1 2027 Earnings Call Highlight - GuruFocus — GuruFocus positive
- NEWS Logitech International SA (LOGI) Stock Up 3.6% but GF Value Says Overvalued -- GF Score: 79/100 - GuruFocus — GuruFocus positive
- NEWS LOGI Looks 13.1% Overvalued on GF Value™ - GuruFocus — GuruFocus negative
- NEWS Logitech stock climbs on a new October 27 earnings date - Ad-hoc-news.de — Ad-hoc-news.de positive
Generated 2026-09-14T05:21:58Z.
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
1 floor-breaker
Technicals 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
Wait for pullback to $101.43. BUY gates pass at $102.70, but analyst target reached - limited upside remaining and sector modifier (Technology): -0.8 argue for a more patient entry. Engine's entry $101.43 (50-day MA) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Golden cross, above all MAs, RSI 67, MACD bullish. Wide-moat business. Accumulate on weakness. Target $118.10 (+15.0%), stop $96.41 (−6.5%), A.R:R -1.2:1. Score 6.5/10, moderate confidence.
Take-profit target: $118.10 (-9.5% upside). Target $118.10 (+15.0%), stop $96.41 (−6.5%), A.R:R -1.2:1. Stop-loss: $96.41.
Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8.
Logitech International S.A. - R trades at a P/E of 18.8 (forward 16.9). TrendMatrix value score: 5.7/10. Verdict: Buy (Wait for Entry).
19 analysts cover LOGI with a consensus score of 3.6/5. Average price target: $107.
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.