Logitech shares fell about 11.2% on Wednesday morning despite beating earnings for fiscal Q2 2027: adjusted EPS came in at $1.51 versus a $1.30 forecast, and sales reached $1.22 billion versus $1.21 billion expected. However, sales rose only 3% year over year, GAAP EPS was $1.25 (up 9%), and free cash flow of $148.9 million fell 30% year over year. Logitech attributed the weak quarter to an incident at a semiconductor supplier that disrupted its supply chain, and while that supplier is ramping production again, the company forecasts fiscal Q3 sales to decline 1% to 4% year over year. Trading at about 20 times trailing earnings and 15 times free cash flow, the stock still appears to cost a bit too much, according to the article.
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