- The new buyback program is expected to begin in May 2026 after the completion of the company’s 2023 buyback program.
- Logitech now expects sales growth of about 6% for fiscal year 2026 in U.S. dollars.
- According to data from Koyfin, six of the 11 analysts covering LOGI rate it ‘Buy’ or higher while five rate it a ‘Hold’.
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 the timeframe.
Past Buybacks
In March 2025, the board approved a $600 million increase to its existing $1 billion share buyback program.
The new buyback program is expected to begin in May 2026 after the completion of the company’s 2023 buyback program, Logitech said.
Logitech Financials
Logitech, a Swiss multinational manufacturer of computer peripherals and software, now expects sales growth of about 6% for fiscal year 2026 in U.S. dollars to a range of $4.825 billion-$4.845 billion, in line with a Wall Street estimate of $4.84 billion. Adjusted operating income for the period is expected to be $900-$910 million.
For the third quarter of fiscal 2026, the company reported sales of $1.42 billion and adjusted earnings per share of $1.93, beating estimates.
According to data from Koyfin, six of the 11 analysts covering LOGI rate it ‘Buy’ or higher while five rate it a ‘Hold’.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around LOGI stock fell from ‘bullish’ to ‘neutral’ territory over the past 24 hours, while message volume stayed at ‘low’ levels.
LOGI stock is down 10% this year.
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