ZURICH (Reuters) -Computer mouse and keyboards maker Logitech International on Tuesday reported weaker-than-expected fourth-quarter earnings.
Logitech said its non-GAAP operating profit fell to $133 million in the three months to the end of March, missing analysts’ estimate of $134 million.
The company’s figures were not affected by U.S. President Donald Trump’s hike in trade tariffs, announced on April 2, but were hit by problems with an e-commerce payment provider and higher investments in research and development, and marketing.
Sales during the period were flat at $1.01 billion, below expectations of $1.03 billion, the consensus of analysts compiled by Visible Alpha.
However, Logitech, which is based in Lausanne and San Jose, California, hit its full-year guidance for sales of $4.54 billion to $4.57 billion, and non GAAP operating income of $755 million to $770 million.
Earlier this month Logitech withdrew its 2026 outlook, citing continued uncertainty stemming from Trump’s trade policy.
Due to Logitech’s production in Asia and Mexico, the company is particularly vulnerable to U.S. tariffs, its biggest market making up roughly a third of its sales.
Around 40% of Logitech’s sales are manufactured at the company’s plant in Suzhou, eastern China, creating a difficult situation after Washington slapped duties of 145% on Beijing.
The remaining 60% of Logitech’s sales of computer mice, keyboards, headsets and webcams is produced via contract manufacturers in Vietnam, Taiwan, Thailand, Malaysia and Mexico.
These countries also face hefty tariffs on their exports to United States.
For the first quarter of its 2026 fiscal year, Logitech said on Tuesday it expected sales of $1.10 billion to $1.15 billion and non GAAP operating income of $155 million to $185 million.
(Reporting by John Revill and Janaki Venugopalan; Editing by Shailesh Kuber)
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