Q3 FY2025 results ended on Dec 31, 2024
- Revenue: $1.34B, +7% YoY
- Net Income: $200.1M, -18% YoY
- Operating Income: $234.6M, +6% YoY
- EPS: $1.32, -15% YoY
CEO Hanneke Faber: "We're excited to deliver strong, profitable growth once again, in our biggest quarter of the year. Gaming sales were near pandemic-high levels, thanks to an outstanding set of innovations launched ahead of the holidays."
🌱Revenue & Growth
- Gaming: $466.7M, +14% YoY
- Keyboards & Combos: $236.7M, +3% YoY
- Pointing Devices: $217.0M, +5% YoY
- Video Collaboration: $176.1M, +4% YoY
- Tablet Accessories: $77.4M, +21% YoY
💰Profits & Financials
- Gross Margin: 42.9% vs 42.0% YoY
- Operating Margin: 17.5% vs 17.7% YoY
- Cash Flow from Operations: $371M
- Cash Balance: $1.5B
- Share Repurchases: $200M
📌Business Highlights
- Near record sales in premium Pro Gaming and MX portfolios
- Strong holiday retail execution
- Effective marketing campaigns driving geographic progress
🔮Future Outlook
- FY2025 Sales raised to $4.54B-$4.57B (previously $4.39B-$4.47B)
- FY2025 Sales Growth revised to 5.4%-6.4% (previously 2%-4%)
- Non-GAAP Operating Income raised to $755M-$770M (previously $720M-$750M)