Logitech CFO Highlights Growth in Premium Peripherals and China Gaming
Published: 11 Mar 2026
Author: Precedence Research
CFO Matteo Anversa discussed demand trends, supply conditions, pricing, and capital allocation during a conversation with Alexander Duval. He noted strong performance in premium consumer peripherals and improving enterprise momentum in video collaboration. In China, the gaming market remains supportive, whereas gaming demand in North America is uneven. Consumer demand is resilient yet selective, with U.S. shoppers focusing on quality over price. The premium segment, particularly Logitech's Pro lineup, has experienced significant growth, while mid- to low-end products remain price sensitive.
On the enterprise front, Logitech reported a strong quarter, with video conferencing sales rising about 8% year over year in constant currency. Addressing memory shortages, Anversa said most Logitech products are not dependent on the affected memory types, with supply secured several quarters ago and protection expected through the first half of fiscal 2027.
According to Precedence Research, the PC Peripheral Input Device Market was valued at USD 46.72 billion in 2025 and is projected to grow from USD 48.74 billion in 2026 to approximately USD 71.32 billion by 2035, expanding at a CAGR of 4.32% from 2026 to 2035, driven by installed-base expansion, product premiumization.
PC unit volatility vs installed base opportunity
During a discussion with Duval, Anversa said Logitech remains relatively insulated from weaker PC shipment trends. Only 10%-11% of new PCs require separate peripherals, while the large installed notebook base continues to drive demand as many users adopt external mice and keyboards. Logitech’s performance relative to PC sales is supported by higher attach rates, market share gains, mouse share above 50%, rising keyboard penetration, and ongoing premiumization.
- Installed-base attach: notebook users are increasingly adding external mice and keyboards.
- Share gains: mouse share is above 50%, with improving keyboard share.
- Premiumization: higher priced peripheral supporting growth beyond PC shipment trends.
Geographic split
Regional fiscal third-quarter results showed divergence, with Asia-Pacific revenue increasing in the mid-teens, fueled by gaming growth in China due to internet cafes, new game launches, and Logitech's "China for China" strategy. Europe saw low single-digit growth, anticipating it to continue similarly. North America's performance was mixed; personal workspace devices grew 7%-8% post-MX Master 4 release, video collaboration demand remained strong, but gaming sales declined due to fewer AAA releases, lower demand among gamers aged 25-40, and high console prices.
Tariffs and Capital priorities
Logitech implemented U.S. price increases to offset tariffs and still expects to maintain an approximate 43.5% gross margin. Under its “China plus five” strategy, less than 10% of U.S. sales now originate from China.
In terms of capital allocation, the company plans to:
- Reinvest in organic growth and new product launches, targeting ROIC greater than 25%.
- Maintain a continuous and growing dividend.
- Pursue small, tuck-in M&A opportunities rather than large transformational deals.
- Execute its multi-year, $2 billion share buyback program.
A recent report by Precedence Research highlights that the PC Peripheral Input Device Market is benefiting from advancements in product premiumization.