Logitech rises 0.76% as CEO says AI demand squeezes chip supplies

  • Logitech Chief Executive Hanneke Faber says AI demand is restricting chips used across nearly the company’s entire product lineup.
  • Logitech expects limited chip-supply relief for roughly the next year to 18 months, while fiscal 2026 sales reached $4.84 billion, up 6%.
  • Middle East shipping disruptions cost Logitech about $5 million in the January-to-March quarter and prompted a shift from Dubai to the Netherlands and China.

Logitech rose 0.76% as Chief Executive Hanneke Faber said artificial intelligence infrastructure is intensifying a chip shortage affecting nearly the company’s entire product range, including keyboards, mice and gaming hardware. After months of visiting suppliers in Asia and Switzerland, Faber expects limited relief for roughly the next year to 18 months. Logitech is rerouting distribution from Dubai toward facilities in the Netherlands and China after Middle East conflict disrupted shipments through the Strait of Hormuz. The company plans to increase research and development and marketing investment in fiscal 2027 after fiscal 2026 sales rose 6% to $4.84 billion, while disruptions cost about $5 million in the January-to-March quarter and are projected to cost approximately $15 million in the current period.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.