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F1Q27 Earnings - An Unfortunate Supplier Issue-20260729
摩根士丹利· 2026-07-29 12:13
July 29, 2026 03:40 AM GMT Logitech International SA | North America A solid June Q, but below Street guide even when stripping out supplier headwind; Remain UW. There were a number of moving parts in LOGI's print/guide tonight, but our key takeaway is that while revenue growth is holding up better than we expected (premiumization a key factor), normalized revenue growth is still decelerating ex-supplier issue, while accelerating opex initiatives are compressing operating margins Y/Y such that normalized ea ...