-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Q4 FY 26 results were near expectations with sales of $1.09B (+7% Y/Y) matching Street estimates while non-GAAP EPS of $1.13 (+22% Y/Y) slightly beat consensus of $1.10. Non-GAAP operating margin of 15.3% (+210 bps Y/Y) demonstrated impressive operational performance despite volatile cost pressures. Sales growth was broad-based with Gaming accelerating to 12% growth, Video Collaboration maintaining 13% expansion reinforcing B2B momentum, and sell-through exceeding reported sales by 400 bps overall. For Q1 FY 27, LOGI expects sales of $1.203B (+3% ex-FX) exceeding consensus of $1.14B and non-GAAP EPS of roughly $1.39 vs. $1.28 consensus. Management reiterated long-term mid-to-high single-digit organic growth with margins at the high end of 15-18% model, though FY 27 may see increased AI-related investments creating margin pressure. We think memory supply constraints may challenge the outlook but note resilient results in the meantime.