LOGITECH INTERNATIONAL S.A.
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
LOGI$96.25-2.0%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-07-29.
0001032975-26-000050
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-10-28.
0001032975-26-000063
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 182 previous paragraphs and 181 current paragraphs.
115 unchanged; 63 reworded; 3 added; 3 removed; 1 previous and 0 current paragraphs rearranged.
Tables are not compared: 9 previous and 9 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (3)
Current report
Our sales for the three months ended September 30, 2026 were $1,218.8 million, an increase of 3% compared to $1,186.1 million for the three months ended September 30, 2025, primarily due to an increase in sales of Gaming, Video Collaboration and Keyboards & Combos, offset by a decrease in sales of Tablet Accessories. Our sales for the six months ended September 30, 2026 were $2,446.1 million, an increase of 5% compared to $2,333.8 million for the six months ended September 30, 2025, primarily due to an increase in sales of Gaming, Pointing Devices and Video Collaboration, offset by a decrease in sales of Tablet Accessories. Our sales for both the three- and six-month periods benefited from favorable changes in foreign currency exchange rates.
Current report
Sales of Headsets increased 6% and 1% for the three and six months ended September 30, 2026, compared to the three and six months ended September 30, 2025, respectively, primarily due to an increase in sales in the Americas region, partially offset by a decrease in sales in the EMEA region.
Current report
Gross margin was 44.9% for the three months ended September 30, 2026 and increased by 150 basis points from 43.4% for the three months ended September 30, 2025, due to lower tariff costs, supported by manufacturing diversification, favorable product mix and favorable foreign currency exchange rate changes, partially offset by higher logistics costs. Gross margin was 47.2% for the six months ended September 30, 2026 and increased by 460 basis points from 42.6% for the six months ended September 30, 2025, primarily driven by a benefit from tariff refunds, favorable foreign currency exchange rate changes and favorable product mix, partially offset by investment in strategic promotions.
Removed paragraphs (3)
Previous report
Our sales were $1,227.2 million for the three months ended June 30, 2026, an increase of 7% compared to $1,147.7 million for the three months ended June 30, 2025, primarily due to an increase in sales of Gaming, Pointing Devices, and Video Collaboration as well as favorable changes in foreign currency exchange rates.
Previous report
Sales of Headsets decreased 3% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, primarily due to a decrease in sales in the EMEA region, partially offset by an increase in sales in the Americas region.
Previous report
Gross margin was 49.5% for the three months ended June 30, 2026 and increased by 780 basis points from 41.7% for the three months ended June 30, 2025, primarily driven by a benefit from tariff refunds, favorable foreign currency exchange rate changes, favorable product mix and product cost reduction, partially offset by investment in strategic promotions. We recognized $61 million of tariff refunds in our first quarter of fiscal year 2027, of which $15 million was received in cash within the quarter and $46 million was received subsequent to quarter end.
Reworded paragraphs (63)
Previous wording
•Our business strategy and investment priorities in relation to evolving consumer and enterprise demand trends, competitive landscape and current and future worldwide geopolitical, economic and capital market conditions, including fluctuations in currency exchange rates, inflation, economic downturns, and disruptions in global logistics;
Current wording
•Our business strategy and investment priorities in relation to evolving consumer and enterprise demand trends, competitive landscape and current and future worldwide geopolitical, economic and capital market conditions, including fluctuations in currency exchange rates, inflation, economic downturns, volatile energy prices, changes in fiscal and monetary policies, and geopolitical tensions;
Previous wording
Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together when working, creating, and gaming. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way that is good for people and the planet. We sell the vast majority of our products under the Logitech and Logitech G brand names.
Current wording
Logitech creates design-led, software-enabled hardware solutions that help businesses thrive and bring people together when working, creating, and gaming in the age of AI. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way that is good for people and the planet. We sell the vast majority of our products under the Logitech and Logitech G brand names.
Previous wording
As we conduct operations globally, our business has continued to be impacted by ongoing macroeconomic and geopolitical conditions. These conditions include changes in inflation, interest rate and foreign currency fluctuations, uncertainty in consumer and enterprise demand, tariff and trade policies, component availability, volatile energy prices and geopolitical tensions, including the armed conflicts in the Middle East.
Current wording
As we conduct operations globally, our business has continued to be impacted by ongoing macroeconomic and geopolitical conditions. These conditions include changes in inflation, interest rate and foreign currency fluctuations, uncertainty in consumer and enterprise demand, tariff and trade policies, component availability, volatile energy prices, changes in fiscal and monetary policies, and geopolitical tensions, including the armed conflicts in the Middle East and Ukraine.
Previous wording
In 2025, the United States introduced trade policy actions that increased import tariffs across a wide range of countries at various rates, with certain exemptions. In February 2026, the U.S. Supreme Court issued a decision invalidating certain tariffs previously imposed under the International Emergency Economic Powers Act ("IEEPA"). In May 2026, the U.S. Customs and Border Protection ("CBP") began issuing refunds to companies that had applied for IEEPA tariff refunds. We received a full refund of $61 million for these tariffs invalidated by the Supreme Court, including $15 million during the first quarter of fiscal year 2027 and $46 million subsequent to quarter end. The $61 million refund was recorded as a reduction of cost of goods sold in our condensed consolidated statements of operations in the first quarter of fiscal year 2027.
Current wording
In 2025, the United States introduced trade policy actions that increased import tariffs across a wide range of countries at various rates, with certain exemptions. In February 2026, the U.S. Supreme Court issued a decision invalidating certain tariffs previously imposed under the International Emergency Economic Powers Act ("IEEPA"). In fiscal year 2027, we received a refund of $61 million for these tariffs, including $15 million in the first quarter and $46 million in the second quarter, which represent substantially all of the refunds we have requested for the IEEPA tariffs invalidated by the Supreme Court. The $61 million refund was recorded as a reduction of cost of goods sold in our condensed consolidated statements of operations for the first quarter of fiscal year 2027.
Previous wording
Following the U.S. Supreme Court ruling, the U.S. government introduced temporary tariffs for a 150-day period beginning February 24, 2026, which were subsequently invalidated by the U.S. Court of International Trade, but remained in effect pending appeal. In July 2026, the U.S. government announced new tariffs under Section 301 of U.S. trade laws which became effective on July 24, 2026 when the temporary tariffs expired. U.S. tariff policies and international trade arrangements continue to evolve and have had, and may continue to have, a significant impact on our results of operations.
Current wording
Following the U.S. Supreme Court ruling, the U.S. government introduced temporary tariffs for a 150-day period, which were subsequently invalidated by the U.S. Court of International Trade, subject to appeal. The U.S. government then announced new tariffs under Section 301 of U.S. trade laws which became effective on July 24, 2026 when the temporary tariffs expired. U.S. tariff policies and international trade arrangements continue to evolve and have had, and may continue to have, a significant impact on our results of operations.
Previous wording
We have also been affected by the increases in demand for electronic components, including semiconductor chips, caused by the build out of new AI technologies and data centers, leading to shortages and rising prices for such components utilized in some of our products. In addition, in late June 2026, one of our semiconductor component suppliers experienced a serious incident at its manufacturing facilities, resulting in its temporary closure. We currently expect this facility closure will impact our ability to effectively meet demand for certain products in the second and third quarters of fiscal year 2027.
Current wording
We have also been affected by the increases in demand for electronic components, including semiconductor chips, caused by the build out of new AI technologies and data centers, leading to shortages and rising prices for such components utilized in some of our products. In addition, one of our semiconductor component suppliers had a serious incident at its manufacturing facility, resulting in its closure in late June 2026. The facility opened in September 2026 and began ramping up production; however, the facility's current capacity is still below our required level. This supplier incident has impacted our ability to effectively meet demand for certain products and will continue to impact product availability in the third quarter of fiscal year 2027.
Previous wording
•Flexible work: As flexible work models continue to evolve, with employees working from offices, homes and various remote locations, Logitech is well-positioned to meet the demand for versatile and adaptive workplace technology. These working arrangements provide opportunities for Logitech to equip multiple workspaces with products across our portfolio including Pointing Devices, Keyboards & Combos, Tablet Accessories, Headsets and Webcams. Additionally, the rise in distributed teams and remote collaboration is driving increased adoption of video conferencing solutions among businesses and consumers. Our portfolio of video collaboration products are compatible with a variety of video conference platforms, including Zoom, Microsoft Teams and Google Meet.
Current wording
•Flexible work: As flexible work models continue to evolve, with employees working from offices, homes and various remote locations, Logitech is well-positioned to meet the demand for versatile and adaptive workplace technology. These working arrangements provide opportunities for Logitech to equip multiple workspaces with products across our portfolio including Pointing Devices, Keyboards & Combos, Tablet Accessories, Headsets and Webcams. Additionally, the rise in distributed teams and remote collaboration is driving increased adoption of video conferencing solutions among businesses and consumers. Our portfolio of video collaboration products is compatible with a variety of video conference platforms, including Zoom, Microsoft Teams and Google Meet.
Previous wording
While we believe we will further benefit from these secular trends, we have experienced and will continue to experience challenges that impact our business and financial results. These challenges include (i) uncertainty in tariffs on goods imported into the U.S. and responsive policies enacted by other countries, (ii) uncertainty in supply and pricing of electronic components including semiconductor chips, (iii) the macroeconomic environment, including inflation, interest rate and foreign currency fluctuations, volatile energy prices, and geopolitical tensions, and (iv) the uncertainty of overall consumer and enterprise demand.
Current wording
While we believe we will further benefit from these secular trends, we have experienced and will continue to experience challenges that impact our business and financial results. These challenges include (i) uncertainty in tariffs on goods imported into the U.S. and responsive policies enacted by other countries, (ii) uncertainty in supply and pricing of electronic components including semiconductor chips, (iii) the macroeconomic environment, including inflation, interest rate and foreign currency fluctuations, volatile energy prices, changes in fiscal and monetary policies, and geopolitical tensions, and (iv) the uncertainty of overall consumer and enterprise demand.
Previous wording
We expect these challenges to continue in the near-term. We have taken steps to mitigate the impact of these challenges, including but not limited to: (i) continued diversification of our manufacturing footprint and supplier ecosystem, (ii) increasing pricing for certain products, (iii) maintaining discipline in our operating expenses, (iv) managing inventory levels to align with demand and component availability, and (v) continued release of new products to increase the value proposition of our portfolio.
Current wording
We expect these challenges to continue in the near-term. We have taken steps to mitigate the impact of these challenges, including but not limited to: (i) diversification of our manufacturing footprint and supplier ecosystem, (ii) increasing pricing for certain products, (iii) maintaining discipline in our operating expenses, (iv) managing inventory levels to align with demand and component availability, and (v) continued release of new products to increase the value proposition of our portfolio.
Previous wording
Sales for the three months ended June 30, 2026 increased 12% and 8% in the Americas and Asia Pacific regions, respectively, and decreased 1% in the EMEA region, compared to the three months ended June 30, 2025.
Current wording
For the three months ended September 30, 2026, sales increased 13% in the Americas region, remained flat in the Asia Pacific region, and decreased 7% in the EMEA region, compared to the three months ended September 30, 2025. For the six months ended September 30, 2026, sales increased 13% and 4% in the Americas and Asia Pacific regions, respectively, and decreased 4% in the EMEA region, compared to the six months ended September 30, 2025. Our sales in the EMEA region for both the three- and six-month periods were negatively impacted by an overall market decline and the conflict in the Middle East. Our sales in the Asia Pacific region for the three-month period were negatively impacted by higher sales in the prior year due to a large education deal as well as a supply shortage related to the temporary facility closure of one of our suppliers.
Previous wording
Gross margin was 49.5% for the three months ended June 30, 2026 and increased by 780 basis points from 41.7% for the three months ended June 30, 2025, primarily driven by a benefit from tariff refunds, favorable foreign currency exchange rate changes, favorable product mix and product cost reduction, partially offset by investment in strategic promotions.
Current wording
Gross margin was 44.9% for the three months ended September 30, 2026 and increased by 150 basis points from 43.4% for the three months ended September 30, 2025, due to lower tariff costs, supported by manufacturing diversification, favorable product mix and favorable foreign currency exchange rate changes, partially offset by higher logistics costs. Gross margin was 47.2% for the six months ended September 30, 2026 and increased by 460 basis points from 42.6% for the six months ended September 30, 2025, primarily driven by a benefit from tariff refunds, favorable foreign currency exchange rate changes and favorable product mix, partially offset by investment in strategic promotions.
Previous wording
Operating expenses for the three months ended June 30, 2026 were $349.4 million, or 28.5% of sales, compared to $316.9 million, or 27.6% of sales, for the three months ended June 30, 2025, primarily driven by increases in marketing and selling expenses and research and development expenses.
Current wording
Operating expenses for the three months ended September 30, 2026 were $346.5 million, or 28.4% of sales, compared to $323.2 million, or 27.2% of sales, for the three months ended September 30, 2025. Operating expenses for the six months ended September 30, 2026 were $695.9 million, or 28.4% of sales, compared to $640.0 million, or 27.4% of sales, for the six months ended September 30, 2025. The increase in operating expenses for both the three- and six-month periods was primarily driven by increases in marketing and selling expenses and research and development expenses.
Previous wording
We had an income tax provision of$39.9 million and$28.5 million for thethree months ended June 30, 2026 and June 30, 2025, respectively.
Current wording
We had an income tax provision of$38.5 million and$32.4 million for thethree months ended September 30, 2026 and 2025, respectively, compared to $78.3 million and $60.9 million for the six months ended September 30, 2026 and 2025, respectively.
Previous wording
Net income for the three months ended June 30, 2026 was $235.7 million, compared to$146.0 millionfor the three months ended June 30, 2025.
Current wording
Net income for the three and six months ended September 30, 2026 was $180.0 million and $415.7 million, respectively, and$170.7 million and $316.7 millionfor the three and six months ended September 30, 2025, respectively.
Previous wording
There have been no material changes in our critical accounting estimates during the three months ended June 30, 2026 compared with the critical accounting estimates disclosed in Management's Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2026.
Current wording
There have been no material changes in our critical accounting estimates during the six months ended September 30, 2026 compared with the critical accounting estimates disclosed in Management's Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2026.
Previous wording
Our sales for the three months ended June 30, 2026 increased 7%, compared to the three months ended June 30, 2025, primarily due to an increase in sales for Gaming, Pointing Devices, and Video Collaboration as well as favorable changes in foreign currency exchange rates. If currency exchange rates had been constant in the three months ended June 30, 2026 and 2025, our sales growth rate in constant currency would have been 5%.
Current wording
Our sales for the three months ended September 30, 2026 were $1,218.8 million, an increase of 3% compared to $1,186.1 million for the three months ended September 30, 2025, primarily due to an increase in sales of Gaming, Video Collaboration and Keyboards & Combos, offset by a decrease in sales of Tablet Accessories. Our sales for the six months ended September 30, 2026 were $2,446.1 million, an increase of 5% compared to $2,333.8 million for the six months ended September 30, 2025, primarily due to an increase in sales of Gaming, Pointing Devices and Video Collaboration, offset by a decrease in sales of Tablet Accessories. Our sales for both the three- and six-month periods benefited from favorable changes in foreign currency exchange rates. If currency exchange rates had been constant in the three and six months ended September 30, 2026 and 2025, our sales growth rates in constant currency would have been 2% and 4%, respectively.
Previous wording
Although our financial results are reported in U.S. Dollars, a portion of our sales was generated in currencies other than the U.S. Dollar, such as the Euro, Chinese Renminbi, Japanese Yen, Australian Dollar, Canadian Dollar, Pound Sterling and New Taiwan Dollar. During the three months ended June 30, 2026, approximately 52% of our sales were denominated in currencies other than the U.S. Dollar.
Current wording
Although our financial results are reported in U.S. Dollars, a portion of our sales was generated in currencies other than the U.S. Dollar, such as the Euro, Chinese Renminbi, Japanese Yen, Australian Dollar, Canadian Dollar, Pound Sterling and New Taiwan Dollar. During the three months ended September 30, 2026, approximately 51% of our sales were denominated in currencies other than the U.S. Dollar.
Previous wording
The following table presents the change in sales by region for the three months ended June 30, 2026, compared with the three months ended June 30, 2025:
Current wording
The following table presents the change in sales by region for the three and six months ended September 30, 2026, compared with the three and six months ended September 30, 2025:
Previous wording
The increase insales in the Americas region for the three-month period presented above was primarily driven by an increase in sales for Gaming, Keyboards & Combos, and Pointing Devices.
Current wording
The increase insales in the Americas region for the three-month period presented above was primarily driven by an increase in sales of Video Collaboration, Gaming, and Keyboards & Combos. The increase in sales in the Americas region for the six-month period presented above was primarily driven by an increase in sales of Gaming, Keyboards & Combos, Video Collaboration and Pointing Devices.
Previous wording
The decrease in sales in the EMEA region for the three-month period presented above was primarily driven by a decrease in sales for Keyboards & Combos, Webcams, and Headsets, partially offset by an increase in sales for Video Collaboration and Tablet Accessories. Sales in the EMEA region were negatively impacted by the conflict in the Middle East and an overall market decline.
Current wording
The decrease in sales in the EMEA region for the three-month period presented above was driven by a decrease in sales across all product categories. The decrease in sales in the EMEA region for the six-month period presented above was primarily driven by a decrease in sales of Keyboards & Combos, Webcams, Headsets and Gaming, partially offset by an increase in sales of Video Collaboration and Tablet Accessories. Sales in the EMEA region were negatively impacted by an overall market decline and the conflict in the Middle East.
Previous wording
The increase in sales in the Asia Pacific region for the three-month period presented above was primarily driven by an increase in sales for Gaming and Pointing Devices, partially offset by a decrease in sales for Tablet Accessories.
Current wording
Sales in the Asia Pacific region remained flat for the three-month period presented above, as a decrease in sales of Tablet Accessories mainly driven by a large education deal in the prior year, was substantially offset by an increase in sales of Gaming. Sales for the three-month period were also negatively impacted by a supply shortage related to the temporary facility closure of one of our suppliers. The increase in sales in the Asia Pacific region for the six-month period presented above was primarily driven by an increase in sales of Gaming and Pointing Devices, partially offset by a decrease in sales of Tablet Accessories.
Previous wording
Sales by product category for the three months ended June 30, 2026 and 2025 were as follows (Dollars in thousands):
Current wording
Sales by product category for the three and six months ended September 30, 2026 and 2025 were as follows (Dollars in thousands):
Previous wording
Sales of Gaming increased 12% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, primarily driven by an increase in sales of PC gaming mice, particularly PRO X2 SUPERSTRIKE launched in the fourth quarter of fiscal year 2026, as well as an increase in sales ofsteering wheels.
Current wording
Sales of Gaming increased 8% and 10% for the three and six months ended September 30, 2026, compared to the three and six months ended September 30, 2025, respectively, primarily driven by an increase in sales of PC gaming mice, particularly PRO X2 SUPERSTRIKE launched in the fourth quarter of fiscal year 2026, partially offset by a decline in sales of PC gaming headsets. The increase in sales of Gaming for the six-month period was also driven by an increase in sales ofsteering wheels.
Previous wording
Sales of Keyboards & Combos increased 2% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, primarily driven by an increase in sales of wireless keyboards, partially offset by a decrease in sales of wired keyboards. The increase in sales for the three-month period was primarily driven by an increase in the Americas region, partially offset by a decrease in sales in the EMEA region.
Current wording
Sales of Keyboards & Combos increased 4% and 3% for the three and six months ended September 30, 2026, compared to the three and six months ended September 30, 2025, respectively, primarily driven by an increase in sales of wireless keyboards and wireless combo products, partially offset by a decrease in sales of wired keyboards. The increase in sales for both the three- and six-month periods was primarily driven by an increase in sales in the Americas region, partially offset by a decrease in sales in the EMEA and Asia Pacific regions.
Previous wording
Sales of Pointing Devices increased 16% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, primarily driven by an increase in sales of wireless mice, particularly MX Master 4 launched in the third quarter of fiscal year 2026. A continued mix shift to premium products in our portfolio contributed to sales growth in this category.
Current wording
Sales of Pointing Devices increased 4% and 10% for the three and six months ended September 30, 2026, compared to the three and six months ended September 30, 2025, respectively, primarily driven by an increase in sales of wireless mice, particularly MX Master 4 launched in the third quarter of fiscal year 2026. A continued mix shift to premium products in our portfolio contributed to sales growth in this category. The increase in sales for both the three- and six-month periods was primarily driven by an increase in sales in the Americas and Asia Pacific regions, partially offset by a decrease in sales in EMEA.
Previous wording
Sales of Video Collaboration increased 11% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, primarily due to an increase in sales of conference room cameras.
Current wording
Sales of Video Collaboration increased 12% for each of the three and six months ended September 30, 2026, compared to the three and six months ended September 30, 2025, primarily due to an increase in sales of conference room cameras across all three regions reflecting a refresh of video conferencing equipment installed during the pandemic.
Previous wording
Sales of Webcams decreased 9% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, primarily due to a decrease in sales in the EMEA region.
Current wording
Sales of Webcams decreased 9% for each of the three and six months ended September 30, 2026, compared to the three and six months ended September 30, 2025, primarily due to a decrease in sales in the EMEA and Asia Pacific regions reflecting a global market decline in Webcams.
Previous wording
Sales of Tablet Accessories decreased 2% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, primarily due to a decrease in sales in the Asia Pacific region, partially offset by an increase in sales in the EMEA region. The decline in Asia Pacific was primarily due to a large education deal in the prior year.
Current wording
Sales of Tablet Accessories decreased 32% and 16% for the three and six months ended September 30, 2026, compared to the three and six months ended September 30, 2025, respectively, primarily due to a decrease in sales in the Asia Pacific and Americas regions. The decline in Asia Pacific was primarily due to a large education deal in the prior year while the decrease in the Americas was mainly driven by a decline in the Tablets market in the region.
Previous wording
Sales in Other category decreased 12% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, primarily driven by a decrease in sales of mobile speakers.
Current wording
Sales in Other category decreased 6% for the three months ended September 30, 2026, compared to the three months ended September 30, 2025, primarily driven by a decrease in sales of PC and mobile speakers. Sales in Other category decreased 9% for the six months ended September 30, 2026, compared to the six months ended September 30, 2025, primarily driven by a decrease in sales of mobile speakers.
Previous wording
Gross profit for the three months ended June 30, 2026 and 2025 was as follows (Dollars in thousands):
Current wording
Gross profit for the three and six months ended September 30, 2026 and 2025 was as follows (Dollars in thousands):
Previous wording
Operating expenses for the three months ended June 30, 2026 and 2025 were as follows (Dollars in thousands):
Current wording
Operating expenses for the three and six months ended September 30, 2026 and 2025 were as follows (Dollars in thousands):
Previous wording
The increasein total operating expenses during thethree months ended June 30, 2026, compared to thethree months ended June 30, 2025, was primarily driven by increases in marketing and selling expenses and research and development expenses.
Current wording
The increasein total operating expenses during thethree and six months ended September 30, 2026, compared to thethree and six months ended September 30, 2025, was primarily driven by increases in marketing and selling expenses and research and development expenses.
Previous wording
During thethree months ended June 30, 2026, marketing and selling expenses increased $23.9 million, compared to the three months ended June 30, 2025, primarily driven by strategic marketing investments across our product portfolio.
Current wording
During thethree and six months ended September 30, 2026, marketing and selling expenses increased $20.5 million and $44.5 million, compared to the three and six months ended September 30, 2025, respectively, primarily driven by strategic marketing investments across our product portfolio.
Previous wording
During the three months ended June 30, 2026, research and development expenses increased $10.0 million, compared to the three months ended June 30, 2025, primarily driven by increased investment in product innovation.
Current wording
During the three and six months ended September 30, 2026, research and development expenses increased $6.6 million and $16.7 million, compared to the three and six months ended September 30, 2025, respectively, primarily driven by increased investment in product innovation.
Previous wording
During thethree months ended June 30, 2026, general and administrative expenses remained relatively flat, compared to thethree months ended June 30, 2025.
Current wording
During thethree and six months ended September 30, 2026, general and administrative expenses remained relatively flat as a percentage of revenue, compared to thethree and six months ended September 30, 2025.
Previous wording
During thethree months ended June 30, 2026, amortization of intangible assets and acquisition-related costs decreased $1.7 million, compared to the three months ended June 30, 2025, driven by full amortization of certain intangible assets.
Current wording
During thethree and six months ended September 30, 2026, amortization of intangible assets and acquisition-related costs decreased $0.9 million and $2.6 million, compared to the three and six months ended September 30, 2025, respectively, driven by full amortization of certain intangible assets.
Previous wording
The restructuring charges, net, for the three months ended June 30, 2026 and June 30, 2025 were related to costs incurred as a result of our restructuring plan initiated during the fourth quarter of fiscal year 2025, which was substantially completed in fiscal 2026.
Current wording
The restructuring charges, net, for the three and six months ended September 30, 2026 and September 30, 2025 were related to costs incurred as a result of our restructuring plan initiated during the fourth quarter of fiscal year 2025, which was substantially completed in fiscal year 2026.
Previous wording
Interest income for the three months ended June 30, 2026 and 2025 was as follows (in thousands):
Current wording
Interest income for the three and six months ended September 30, 2026 and 2025 was as follows (in thousands):
Previous wording
We invest in highly liquid instruments with an original maturity of three months or less at the date of purchase, which are classified as cash equivalents. During the three months ended June 30, 2026, interest income increased $2.9 million, compared to the three months ended June 30, 2025, primarily driven by interest income associated with IEEPA tariff refunds.
Current wording
We invest in highly liquid instruments with an original maturity of three months or less at the date of purchase, which are classified as cash equivalents. During the three months ended September 30, 2026, interest income remained relatively flat compared to the three months ended September 30, 2025. During the six months ended September 30, 2026, interest income increased $3.5 million, compared to the six months ended September 30, 2025, primarily driven by interest income associated with IEEPA tariff refunds and a higher average balance of cash equivalents.
Previous wording
Other income (expense), net, for the three months ended June 30, 2026 and 2025 was as follows (in thousands):
Current wording
Other income (expense), net, for the three and six months ended September 30, 2026 and 2025 was as follows (in thousands):
Showing the first 40 of 63 pairs. Open the source sections for the rest.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
$100.8 million for cancellation under the 2026 share repurchase program, of which $28.0 million of the aggregate cost was not paid yet as of June 30, 2026. As of June 30, 2026, $1.3 billion was available for repurchase under the 2026 share repurchase program.