Why Is LOGITECH INTERNTNL S Class N (LOGI) Stock Down Today?

Logitech shares fell 10.34% to $100.26, driven by a significant supply chain disruption that is expected to impact third-quarter sales. The decline occurred despite the company reporting second-quarter earnings that exceeded analyst forecasts.

What Happened

Logitech reported second-quarter revenue of $1.22 billion, surpassing the estimated $1.21 billion, while adjusted earnings per share came in at $1.51 compared to the $1.33 estimate. The company noted that this result marked the eleventh consecutive quarter of growth. However, management warned that a supplier incident would negatively impact net sales by an estimated $70 million to $80 million in the third quarter. The company expects this negative impact to be largely resolved by the fourth quarter. CEO Faber discussed the headwinds during the earnings call, noting that the company expects third-quarter net sales to be between minus 5% and 0% year over year in constant currency.

What The Data Shows

The stock opened at $97.99, representing a 12.4% gap down from the prior close of $111.82. The session low was $97.92 at 7:00 AM ET, while the session high reached $102.56 at 9:30 AM ET. Volume stood at 0.5 million shares, which is 0.5 times the three-month daily average. The company has a market capitalization of $15.3 billion and a P/E ratio of 20.5. Revenue has grown 6.6% over the trailing twelve months, with a net margin of 16.3%. The 52-week range is $83.32 to $129.66. On October 28, 2026, the stock printed four fresh 52-week highs and three fresh 52-week lows. Recent insider activity includes one sale totaling $1.6 million, with the most recent transaction on September 14, 2026.

What To Watch

Wedbush defended its $130 price target following the slump, while Morgan Stanley raised its target to $94 from $90. Investors will monitor the resolution of the supplier incident and the company's guidance for the remainder of the fiscal year.