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Shares of Logitech International (LOGI) edged up 1% after hours on Wednesday after its board of directors approved a new $1.4 billion share buyback program.
The company said that its board approved the program, which will allow it to use the funds to repurchase its shares over three years, as part of a broader plan to buy back shares of $2 billion in that timeframe.
In March 2025, the board approved a $600 million increase to its existing share buyback program.
The new buyback program is expected to begin in May 2026, Logitech said.
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