Logitech (LOGI.US) launches a bold $2 billion stock buyback, reaffirming its 2025 performance guidance.

Logitech (LOGI.US) announced on Wednesday that it will repurchase $2 billion worth of stocks over the next three years, and will expand the existing repurchase program by $600 million. The company also reiterated its performance expectations for 2025. Logitech also expects sales for the 2026 fiscal year to be between $4.53 billion and $4.71 billion, with a potential growth rate of 1% to 3% in US dollars. The Swiss-American multinational company experienced a surge in sales during the pandemic, previously stating that it expected sales for 2025 to increase by 5.4% to 6.4%, reaching $4.54 billion to $4.57 billion. Thanks to strong pre-holiday season sales and profit performance, Logitech raised its full-year performance expectations in late January. Logitech announced these figures at an investor day in San Jose, California, and stated that its long-term goal is to achieve annual sales growth of 7% to 10%, maintain a non-GAAP gross margin of more than 40%, and keep operating profit margins between 15% and 18%. "We maintain a market-leading position in our core categories, have clear strategies to strengthen this advantage, and have credible plans to expand into new verticals and adjacent markets, with artificial intelligence as a multiplier for business growth," CEO Hanneke Faber said. After experiencing a decline in sales following the pandemic-induced boom, Logitech's sales have now rebounded. The company is currently focused on expanding product sales to areas such as education and healthcare to broaden its traditional consumer base, including home computer users, gamers, and business customers. Logitech plans to increase its direct sales efforts to business customers in the future. The company's recent product launches include computer mice with a button for instant access to artificial intelligence platforms like ChatGPT.