Menu

Search

  |   Technology

Menu

  |   Technology

Search

Logitech Announces $2 Billion Buyback Plan, Raises Sales Forecast

Logitech Announces $2 Billion Buyback Plan, Raises Sales Forecast. Source: Solomon203, CC BY-SA 4.0, via Wikimedia Commons

Logitech International (NASDAQ: LOGI) unveiled plans on Wednesday to repurchase $2 billion worth of shares over the next three years, expanding its existing buyback program by $600 million. The move reflects the company’s confidence in its long-term growth and financial stability.

The Swiss-American tech firm, known for its computer peripherals like keyboards, mice, and webcams, also projected fiscal 2026 sales between $4.53 billion and $4.71 billion, signaling potential growth of 1% to 3% in U.S. dollars. Additionally, Logitech reaffirmed its fiscal 2025 guidance, which extends through March, maintaining a previously raised forecast from January.

The company, which saw soaring sales during the pandemic, had initially expected revenue to grow between 5.4% and 6.4%, reaching $4.54 billion to $4.57 billion. The positive outlook follows strong pre-holiday quarter results, with higher sales and profitability driving optimism.

With this aggressive share buyback and steady revenue projections, Logitech continues to position itself as a dominant player in the tech accessories market, reinforcing its commitment to shareholder value and sustained growth.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.