Logitech shares slip after it pulls 2026 guidance

Shares in Logitech LOGN.S slip around 1% after the computer parts maker on Thursday withdrew its forecast for 2026, citing the continuing uncertainty around tariffs

The Swiss-American company previously forecast FY sales to range from $4.53 billion to $4.71 billion for 2026

Vontobel says Logitech generates around 1/3 of its revenues from customers in the U.S. and 40% of the products shipped to the U.S. were so far produced in China and the rest in Vietnam, Taiwan, Malaysia, Thailand and Mexico

"The high applicable tariffs on products from China and the uncertainty on further tariffs from other countries will inevitably have an impact on gross margins," it says

The company nevertheless reaffirmed its FY outlook for 2025

The stock, which has lost 23% YTD up to Thursday's close, is among the worst performers of Switzerland's blue-chip index .SSMI