What changed in this filing

/stocks — the workspaceLOADING

Item 9A. Controls and Procedures

2026-05-21 compared with 2025-05-23 · 317 added, 220 removed, 1392 unchanged (28% of the section changed)

2 unchanged sentences

The Company's management, with the participation of the Company’s Chief Executive Officer (CEO) and Chief Financial Officer (CFO), has conducted an evaluation of the effectiveness of the design and operation of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)) as of the end of the period covered by this Annual Report on Form 10-K (this Annual Report) required by Exchange Act Rules 13a-15(b) or 15d-15(b).

Disclosure controls and

Logitech International S.A.

| Fiscal 2025 Form 10-K | 53

procedures are designed to reasonably assure that information required to be disclosed in our reports filed or submitted under the Exchange Act, such as this Annual Report on Form 10-K, is recorded, processed, summarized and reported within the time periods s pecified in the Securities and Exchange Commission's rules and forms.

Disclosure controls and procedures are designed to reasonably assure that information required to be disclosed in our reports filed or submitted under the Exchange Act, such as this Annual Report on Form 10-K, is recorded, processed, summarized and reported within the time periods s pecified in the Securities and Exchange Commission's rules and forms.

Disclosure controls and procedures are also designed to reasonably assure that this information is accumulated and communicated to our management, including the CEO and CFO, to allow timely decisions regarding required disclosure.

4 unchanged sentences

The Company's management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act.

Under the supervision and with the participation of the Company’s management, including the CEO and CFO, the Company conducted an evaluation of the effectiveness of its internal control over financial reporting based on the criteria established in the Internal Control-Integrated Framework (2013), issued by the Committee of Sponsoring Organizations of the Treadway Commission.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 52

Ta b le of Contents

Internal Control-Integrated Framework (2013), issued by the Committee of Sponsoring Organizations of the Treadway Commission.

Based on this evaluation, management has concluded that our internal control over financial reporting was effective as of March 31, 2026.

13 unchanged sentences

Securities Trading Plans of Directors and Executive Officers

During the fourth quarter of fiscal year 2025, the following officer, as defined in Rule 16a-1(f), adopted a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” each as defined in Regulation S-K Item 408.

On January 30, 2025 , Prakash Arunkundrum , our President of Logitech for Business, adopted a Rule 10b5-1 trading arrangement providing for the sale of an aggregate of up to 14,900 shares of our common stock acquired by Mr.

Arunkundrum under our equity plans.

The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c).

The first date that sales of any shares are permitted to be sold under the trading arrangement will

Logitech International S.A.

| Fiscal 2025 Form 10-K | 54

be May 26, 2025.

The trading arrangement terminates on March 16, 2026 , or upon the earlier completion of all transactions thereunder.

No other officers or directors, as defined in Rule 16a-1(f), adopted and/or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, during the last fiscal quarter.

During the fourth quarter of fiscal year 2026, no director or officer of the Company, as defined in Rule 16a-1(f), adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” each as defined in Regulation S-K Item 408.

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

1 unchanged sentence

| Fiscal 2026 Form 10-K | 53

Ta b le of Contents

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

19 unchanged sentences

| Fiscal 2026 Form 10-K | 54

Ta b le of Contents

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

13 unchanged sentences

| Fiscal 2026 Form 10-K | 55

Ta b le of Contents

Index to Exhibits

11 unchanged sentences

2006 Stock Incentive Plan, as amended and restated effective September 14, 2022

DEFA14A 0-29174 7/26/2022 App.

0-29174 7/26/2022 App.

10.3 ** Logitech Inc.

5 unchanged sentences

** Logitech Management Performance Bonus Plan, as amended and restated

DEFA14A 0-29174 7/23/2013 App.

0-29174 7/23/2013 App.

** 1996 Employee Share Purchase Plan (U.S.), as amended and restated

DEFA14A 0-29174 7/23/2013 App.

0-29174 7/23/2013 App.

** 2006 Employee Share Purchase Plan (Non-U.S.), as amended and restated

DEFA14A 0-29174 7/23/2013 App.

0-29174 7/23/2013 App.

** Representative form of stock option agreement (employees) under the Logitech International S.A.

6 unchanged sentences

2006 Stock Incentive Plan

10-Q 0-29174 10/25/2018 10.1

** Representative form of restricted stock unit agreement (Leadership Team and other employees) under the Logitech International S.A.

2006 Stock Incentive Plan

10-Q 0-29174 7/28/2022 10.1

10.12 ** Representative form of restricted stock unit agreement (executives and other employees) under the Logitech International S.A.

2006 Stock Incentive Plan

10-K 0-29174 5/26/2017 10.33

** Representative form of performance share unit agreement (Group Management Team (executive officers), Leadership Team and other employees) under the Logitech International S.A.

** Representative form of restricted stock unit agreement (Group Management Team, Leadership Team, executive officers, and other employees) under the Logitech International S.A.

2006 Stock Incentive Plan

10-Q 0-29174 7/28/2022 10.2

** Representative form of performance share unit agreement (executives and other employees) under the Logitech International S.A.

10.12 ** Representative form of performance share unit agreement (Group Management Team (executive officers), Leadership Team, executives, and other employees) under the Logitech International S.A.

2006 Stock Incentive Plan

10-K 0-29174 5/26/2017 10.34

** Employment Agreement between Logitech Europe S.A.

10.13 ** Employment Agreement between Logitech Inc .

and Johanna W.

(Hanneke) Faber, dated October 29, 2023

(Hanneke) Faber, dated December 3, 2025

8-K 0-29174 1/28/2026 10.1

10.14 ** Employment Agreement between Logitech Inc.

and Prakash Arunkundrum, dated as of May 26, 2020

10-Q 0-29174 7/23/2020 10.1

Logitech International S.A.

| Fiscal 2026 Form 10-K | 56

Ta b le of Contents

Incorporated by Reference

2 unchanged sentences

10.15 ** Employment Agreement between Logitech Inc.

and Prakash Arunkundrum, dated as of May 26, 2020

10-Q 0-29174 7/23/2020 10.1

** Employment Agreement between Logitech Inc.

and Samantha Harnett, dated as of July 1, 2020

10-Q 0-29174 7/23/2020 10.2

** Employment Agreement between Logitech Inc.

and Charles Boynton, dated as of February 6, 2023

10-K 0-29174 5/17/2023 10.18

** Offer Letter between Logitech Inc, and Charles Boynton, dated January 30, 2023

10-K 0-29174 5/17/2023 10.19

O ffer Letter between Logitech, Inc .

Offer Letter between Logitech, Inc.

and Matteo Anversa, dated August 5, 2024

0-29174 8/6/2024 10.1

E mployment Agreeme nt between Logitech Inc.

and Matteo Anversa, dated Au gust 5, 2024

Employment Agreement between Logitech Inc.

and Matteo Anversa, dated August 5, 2024

0-29174 8/6/2024 10.2

10 unchanged sentences

Insider Trading Policy

5/16/2024 19.1

10-K 0-29174 5/16/2024 19.1

21.1 List of Subsidiaries

5 unchanged sentences

Executive Clawback Policy

10-K 0-29174 5/16/2024 97.1

101.INS XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document X

1 unchanged sentence

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document X

Logitech International S.A.

| Fiscal 2025 Form 10-K | 59

Incorporated by Reference

Exhibit Form File No.

Filing Date Exhibit No.

101.DEF XBRL Taxonomy Extension Definition Linkbase Document X

2 unchanged sentences

104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) X

_______________________________________________________________________________

Logitech International S.A.

| Fiscal 2026 Form 10-K | 57

Ta b le of Contents

* This exhibit is furnished herewith, but not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section.

3 unchanged sentences

| Fiscal 2026 Form 10-K | 58

Ta b le of Contents

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

8 unchanged sentences

| Fiscal 2026 Form 10-K | 59

Ta b le of Contents

POWER OF ATTORNEY AND SIGNATURES

2 unchanged sentences

Signature Title Date

/s/ Wendy Becker

/s/ Guy Gecht

Chairperson of the Board May 21, 2026

11 unchanged sentences

Director May 21, 2026

/s/ Guy Gecht

Director May 23, 2025

/s/ Christopher Jones

17 unchanged sentences

| Fiscal 2026 Form 10-K | 60

Ta b le of Contents

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

8 unchanged sentences

| Fiscal 2026 Form 10-K | 61

Ta b le of Contents

Report of Independent Registered Public Accounting Firm

27 unchanged sentences

| Fiscal 2026 Form 10-K | 62

Ta b le of Contents

with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company;

10 unchanged sentences

For certain of these accruals, the Company estimated the amounts based on historical data or future commitments that are planned and controlled by the Company.

The Company uses judgment in analyzing historical trends, inventories owned by and located at the customers, products sold by the direct customers to end customers or resellers, known product quality issues, negotiated terms, and other relevant customer and product information, such as stage of product life cycle, which are expected to experience unusually high discounting.

The Company uses judgment in analyzing historical trends, inventories owned by and located at customers, products sold by direct customers to end customers or resellers, known product quality issues, negotiated terms, and other relevant customer and product information, such as stage of product life cycle, which are expected to experience unusually high discounting.

We identified the assessment of the accruals for certain Customer Programs as a critical audit matter.

10 unchanged sentences

| Fiscal 2026 Form 10-K | 63

Ta b le of Contents

LOGITECH INTERNATIONAL S.A.

31 unchanged sentences

| Fiscal 2026 Form 10-K | 64

Ta b le of Contents

LOGITECH INTERNATIONAL S.A.

6 unchanged sentences

Currency translation gain (loss):

Currency translation gain (loss), net of taxes ( 14,705 ) ( 3,078 ) 1,373

Reclassification of cumulative translation adjustments included in other income (expense), net — — 219

Currency translation gain (loss) 24,496 ( 14,705 ) ( 3,078 )

Defined benefit plans:

9 unchanged sentences

| Fiscal 2026 Form 10-K | 65

Ta b le of Contents

LOGITECH INTERNATIONAL S.A.

29 unchanged sentences

Additional paid-in capital 123,386 82,591

Shares in treasury, at cost — 20,485 and 19,243 shares at March 31, 2025

and 2024, respectively

Shares in treasury, at cost

Treasury shares:

17,282 and 20,485 shares at March 31, 2026 and

2025, respectively

( 1,207,454 ) ( 1,464,912 )

6 unchanged sentences

| Fiscal 2026 Form 10-K | 66

Ta b le of Contents

LOGITECH INTERNATIONAL S.A.

13 unchanged sentences

Change in fair value of contingent consideration for business acquisition — — ( 250 )

Pension curtailment gains — — ( 4,225 )

Other 28 120 379

34 unchanged sentences

| Fiscal 2026 Form 10-K | 67

Ta b le of Contents

LOGITECH INTERNATIONAL S.A.

11 unchanged sentences

Issuance of shares upon vesting of restricted stock units — — ( 118,771 ) ( 994 ) 89,027 — — ( 29,744 )

Issuance of shares related to contingent consideration

— — 102 ( 2 ) 143 — — 245

Share-based compensation — — 83,127 — — — — 83,127

6 unchanged sentences

Issuance of shares upon vesting of restricted stock units — — ( 60,422 ) ( 833 ) 89,437 ( 61,500 ) — ( 32,485 )

Issuance of shares related to contingent consideration

— — 102 ( 2 ) 143 — — 245

Cancellation of treasury shares ( 4,112 ) ( 716 ) — ( 4,112 ) 332,088 ( 331,372 ) — —

Share-based compensation — — 90,077 — — — — 90,077

14 unchanged sentences

| Fiscal 2026 Form 10-K | 68

Ta b le of Contents

LOGITECH INTERNATIONAL S.A.

7 unchanged sentences

Logitech International S.A.

is a Swiss holding company with its registered office in Hautemorges, Switzerland and headquarters in Lausanne, Switzerland, which conducts its business through subsidiaries in the Americas, Europe, Middle East and Africa ("EMEA") and Asia Pacific.

is a Swiss holding company with its registered office in Hautemorges, Switzerland and headquarters in Lausanne, Switzerland, which conducts its business through subsidiaries in the Americas;

Europe, the Middle East and Africa ("EMEA");

and Asia Pacific.

Shares of Logitech International S.A.

17 unchanged sentences

Risks and Uncertainties

Impacts of Macroeconomic and Geopolitical Conditions on the Company's Business

In 2025, the United States introduced trade policy actions that have increased import tariffs across a wide range of countries at various rates, with certain exemptions.

The tariff policies in the U.S.

and responsive policies enacted in other countries are evolving and may have a material adverse impact on the Company's business.

In addition, the Company's business has continued to be impacted by ongoing macroeconomic and geopolitical conditions.

These conditions include inflation, interest rate and foreign currency fluctuations, uncertainty in

Impacts of Macroeconomic, Geopolitical, and Other Factors on the Company's Business

As the Company conducts operations globally, its 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, memory chip availability, volatile energy prices and increased geopolitical tensions, including the armed conflicts in the Middle East.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 69

consumer and enterprise demand, low economic growth in certain regions, changes in fiscal policies and geopolitical conflicts.

The global and regional economic and political conditions, as well as changes in trade policies, have caused and may continue to cause volatility in demand for the Company's products as well as the cost of tariffs, materials and logistics, and transportation delays, and as a result have impacted and may continue to impact the pricing of the Company's products, product availability and the Company's results of operations.

Ta b le of Contents

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.

In May 2026, some companies began receiving notification from the U.S.

Customs and Border Protection (CBP) that tariff refunds would be issued;

however, the extent and timing of these tariff refunds remain uncertain.

Following the U.S.

Supreme Court ruling, the U.S.

government introduced new temporary tariffs for a 150-day period beginning February 24, 2026.

In May 2026, the U.S.

Court of International Trade invalidated these temporary tariffs but they remain in place, subject to appeal.

government may pursue alternative trade measures, including under Sections 301 and 302 of U.S.

trade laws, which could result in additional or replacement tariffs.

tariff policies and international trade arrangements continue to evolve and have had, and may continue to have, a significant impact on the Company's results of operations.

The Company has also been affected by the increases in demand for memory chips and other components caused by the build out of new AI technologies and data centers, leading to a rise in prices for such components and some suppliers transitioning capacity away from certain components utilized in some of the Company's Video Collaboration products.

The global and regional macroeconomic, political, and other conditions have caused and may continue to cause volatility in demand for the Company's products, component availability, transit times and cost of the Company's products including cost of tariffs, materials, and logistics, and as a result, have impacted and may continue to impact the pricing of the Company's products, product availability and the Company's results of operations.

The functional currency of the Company's operations is primarily the U.S.

18 unchanged sentences

Payments for these services are made at the time of or in advance of delivering the services.

The proceeds received in advance from such arrangements is recognized as deferred revenue and then recognized as revenue ratably over the service period up to five years .

The proceeds received in advance from such arrangements are recognized as deferred revenue and then recognized as revenue ratably over the service period up to five years .

Logitech International S.A.

| Fiscal 2026 Form 10-K | 70

Ta b le of Contents

See Note 8 for the current and non-current deferred revenue associated with the Company’s remaining performance obligations to be recognized within the next 12 months and thereafter, respectively.

5 unchanged sentences

The estimated impact of these programs is recorded as a reduction of transaction price or as an operating expense if the Company receives a distinct good or service from the customer and can reasonably estimate the fair value of that good or service received.

Customer Programs require management to estimate the percentage of those programs which will not be claimed in the current period or will not be earned by customers, which is commonly referred to as

Logitech International S.A.

| Fiscal 2025 Form 10-K | 72

"breakage." Breakage is estimated based on historical claim experience, the period in which customer claims are expected to be submitted, specific terms and conditions with customers and other factors.

Customer Programs require management to estimate the percentage of those programs which will not be claimed in the current period or will not be earned by customers, which is commonly referred to as "breakage." Breakage is estimated based on historical claim experience, the period in which customer claims are expected to be submitted, specific terms and conditions with customers and other factors.

The Company accounts for breakage as part of variable consideration, subject to constraint, and records the estimated impact in the same period when revenue is recognized at the expected value.

12 unchanged sentences

Product return rights vary by customer.

Estimates of expected future product returns qualify as variable consideration and are recorded as a reduction of the transaction price of the contract at the time of sale based on an analyses of historical return trends by customer and by product, inventories owned by and located at customers, current customer demand, current operating conditions, and other relevant customer and product information.

Estimates of expected future product returns qualify as variable consideration and are recorded as a reduction of the transaction price of the contract at the time of sale based on an analysis of historical return trends by customer and by product, inventories owned by and located at customers, current customer demand, current operating conditions, and other relevant customer and product information.

The Company assesses the estimated asset for recovery value for impairment and adjusts the value of the asset for any impairment.

Return trends are influenced by product life cycle status, new product introductions, market acceptance of products, sales levels, product sell-through, the type of customer, seasonality, product quality issues, competitive pressures, operational policies and procedures, and other factors.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 71

Ta b le of Contents

pressures, operational policies and procedures, and other factors.

Return rates can fluctuate over time but are sufficiently predictable to allow the Company to estimate expected future product returns.

5 unchanged sentences

During the year ended March 31, 2026, changes to these estimates related to performance obligations satisfied in prior periods were not material.

Logitech International S.A.

| Fiscal 2025 Form 10-K | 73

Sales taxes and value-added taxes (“VAT”) collected from customers, if applicable, which are remitted to governmental authorities are not included in revenue, and are reflected as a liability on the consolidated balance sheets.

21 unchanged sentences

Cash equivalents are carried at cost, which approximates their fair value.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 72

Ta b le of Contents

Concentration of Credit Risk

4 unchanged sentences

The Company had the following customers that individually comprised 10% or more of its gross sales:

Logitech International S.A.

| Fiscal 2025 Form 10-K | 74

Years Ended March 31,

21 unchanged sentences

Such liability is included in accrued and other current liabilities on the consolidated balance sheets.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 73

Ta b le of Contents

Property, Plant and Equipment

4 unchanged sentences

Depreciation expense is recognized using the straight-line method.

Plant and buildings are depreciated over estimated useful lives of twenty-five years , equipment over useful lives from three to five years , internal-use software over useful lives from three to seven years , tooling over useful lives from six months to one year , and leasehold improvements over the lesser of the term of the lease or the estimated useful life of leasehold improvements.

Logitech International S.A.

| Fiscal 2025 Form 10-K | 75

Plant and buildings are depreciated over estimated useful lives of twenty-five years , equipment over useful lives from three to five years , internal-use software over useful lives of three years, tooling over useful lives from six months to one year , and leasehold improvements over the lesser of the term of the lease or the estimated useful life of leasehold improvements.

When property and equipment is retired or otherwise disposed of, the cost and accumulated depreciation are relieved from the accounts and the net gain or loss is included in cost of goods sold or operating expenses, depending on the nature of the property and equipment.

22 unchanged sentences

Significant judgments are involved in determining if an indicator of impairment has occurred.

Such indicators may include deterioration in general economic conditions, negative developments in equity and credit markets, adverse changes in the markets in which an entity operates, increases in input costs that have a negative effect on earnings and cash flows, or a trend of negative or declining cash flows over multiple periods, among others.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 74

Ta b le of Contents

The fair value that could be realized in an actual transaction may differ from that used to evaluate the impairment of goodwill.

4 unchanged sentences

For the year ended March 31, 2026, the Company elected to perform a qualitative assessment and concluded that it was more likely than not that the fair value of its reporting unit exceeds its carrying amount.

Logitech International S.A.

| Fiscal 2025 Form 10-K | 76

The Company provides for income taxes using the asset and liability method, which requires that deferred tax assets and liabilities be recognized for the expected future tax consequences of temporary differences resulting from differing treatment of items for tax and financial reporting purposes, and for operating losses and tax credit carryforwards.

20 unchanged sentences

Dilutive share equivalents consist of share-based awards, including stock options, purchase rights under employee share purchase plan, and restricted stock units.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 75

Ta b le of Contents

The dilutive effect of in-the-money share-based compensation awards is calculated based on the average share price for each fiscal period using the treasury stock method.

4 unchanged sentences

The grant date fair value of restricted stock units which vest upon meeting certain market- and performance-based conditions ("PSUs") is estimated using the Monte-Carlo simulation method including the effect of the market condition.

Stock-based compensation expense is recognized ratably over the respective requisite service periods of the awards and forfeitures are accounted for when they occur.

For PSUs, the Company recognizes compensation expense using its estimate of probable outcome at the end of the performance period

Logitech International S.A.

| Fiscal 2025 Form 10-K | 77

(i.e., the estimated performance against the performance targets).

The Company periodically adjusts the cumulative stock-based compensation expense recorded when the probable outcome for the PSUs is updated based upon changes in actual and forecasted financial results.

Share-based compensation expense is recognized ratably over the respective requisite service periods of the awards and forfeitures are accounted for when they occur.

For PSUs, the Company recognizes compensation expense using its estimate of probable outcome at the end of the performance period (i.e., the estimated performance against the performance targets).

The Company periodically adjusts the cumulative share-based compensation expense recorded when the probable outcome for the PSUs is updated based upon changes in actual and forecasted financial results.

Product Warranty

20 unchanged sentences

Derivative Financial Instruments

The Company enters into foreign exchange forward contracts to reduce the short-term effects of currency fluctuations on certain foreign currency receivables or payables and to hedge against exposure to changes in currency exchange rates related to its subsidiaries' forecasted inventory purchases.

Gains or losses from changes in the fair value of forward contracts that offset transaction losses or gains on foreign currency receivables or payables are recognized immediately and included in other income (expense), net in the consolidated statements of operations.

Gains and losses for changes in the fair value of the effective portion of the Company's forward contracts related to forecasted inventory purchases are deferred as a component of accumulated other comprehensive gain (loss) until the hedged inventory purchases are sold, at which time the gains or losses are reclassified to cost of goods sold.

The Company presents the earnings impact from forward points in the same line item that is used to present the earnings impact of the hedged item (i.e.

cost of goods sold) for hedging forecasted inventory purchases.

The Company enters into foreign exchange forward and swap contracts to reduce the short-term effects of currency fluctuations on certain foreign currency receivables or payables denominated in currencies other than the functional currencies of its subsidiaries.

Gains or losses from changes in the fair value of these contracts that offset transaction losses or gains on foreign currency receivables or payables are recognized immediately and included in other income (expense), net in the consolidated statements of operations.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 76

Ta b le of Contents

The Company enters into cash flow hedge contracts, including foreign currency forward contracts and foreign currency option contracts, to hedge against exposure to changes in currency exchange rates related to its forecasted inventory purchases.

Gains and losses for changes in the fair value of the effective portion of the Company's foreign exchange contracts related to forecasted inventory purchases are deferred as a component of accumulated other comprehensive gain (loss) until the hedged inventory purchases are sold, at which time the gains or losses are reclassified to cost of goods sold.

Restructuring Charges

1 unchanged sentence

Liabilities for costs associated with a restructuring activity are measured at fair value and are recognized when the liability is incurred, as opposed to when management commits to a restructuring plan.

One-time termination benefits are expensed at the date the entity notifies the employee, unless the employee must provide future service, in which case the benefits are

Logitech International S.A.

| Fiscal 2025 Form 10-K | 78

expensed ratably over the future service period.

One-time termination benefits are expensed at the date the entity notifies the employee, unless the employee must provide future service, in which case the benefits are expensed ratably over the future service period.

Ongoing benefits are expensed when restructuring activities are probable and the benefit amounts are estimable.

2 unchanged sentences

Recent Accounting Pronouncements Adopted

In November 2023, the Financial Accounting Standard Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280):

Improvements to Reportable Segment Disclosures .

ASU 2023-07 improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses that are regularly provided to the chief operating decision maker.

In addition, ASU 2023-07 requires that all existing annual disclosures about segment profit or loss must be provided on an interim basis and clarifies that single reportable segment entities are subject to the disclosure requirement under Topic 280 in its entirety.

The Company has adopted this standard for its fiscal year 2025 annual financial statements and interim financial statements thereafter and has applied the standard retrospectively to all prior periods presented in the financial statements.

See Note 15 for further information.

New Accounting Pronouncements Not Yet Adopted

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740):

3 unchanged sentences

In addition, ASU 2023-09 requires all reporting entities to disclose on an annual basis the amount of income taxes paid disaggregated by federal, state, and foreign taxes as well as the amount of income taxes paid by individual jurisdiction.

ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024 and can be applied on a prospective basis with an option to apply the standard retrospectively.

Early adoption is permitted.

The Company is currently evaluating the impact of ASU 2023-09 on its consolidated financial statements and related disclosures.

The Company adopted this ASU in its fiscal year 2026 annual financial statements and applied the standard prospectively.

See Note 7 for additional information.

New Accounting Pronouncements Not Yet Adopted

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40):

5 unchanged sentences

The Company is currently evaluating the impact of ASU 2024-03 on its consolidated financial statements and related disclosures.

In July 2025, the FASB issued ASU No.

2025-05, Financial Instruments—Credit Losses (Topic 326):

Measurement of Credit Losses for Accounts Receivable and Contract Assets .

ASU 2025-05 provides a practical expedient that permits entities to assume that current conditions as of the balance sheet date will remain unchanged over the remaining life of current accounts receivable and current contract assets when estimating the expected credit losses.

ASU 2025-05 is effective for annual periods beginning after December 15, 2025, and interim periods within those annual reporting periods.

Early adoption is permitted.

ASU 2025-05 should be applied on a prospective basis.

The Company does not expect the adoption of ASU 2025-05 to have a material impact on its consolidated financial statements or related disclosures.

In September 2025, the FASB issued ASU No.

2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40):

Targeted Improvements to the Accounting for Internal-Use Software .

ASU 2025-06 updates the cost capitalization threshold for internal-use software development costs by removing all references to software project development stages and providing new guidance on how to evaluate whether the probable-to-complete recognition threshold has been met.

ASU 2025-06 is effective for annual periods beginning after December 15, 2027, and interim periods within those annual reporting periods.

Early adoption is permitted.

ASU 2025-06 can be applied on a prospective basis, with retrospective or modified retrospective application permitted.

The Company is currently evaluating the impact of ASU 2025-06 on its consolidated financial statements and related disclosures.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 77

Ta b le of Contents

Note 3— Net Income Per Share

10 unchanged sentences

Diluted $ 4.80 $ 4.13 $ 3.87

Logitech International S.A.

| Fiscal 2025 Form 10-K | 79

Share equivalents attributable to outstanding stock options, restricted stock units and employee share purchase plans ("ESPP") totaling 0.5 million, 0.7 million, and 1.1 million shares during fiscal years 2026, 2025 and 2024, respectively, were excluded from the calculation of diluted net income per share because their effect would have been antidilutive.

A small number of PSUs were not included in the dilutive net income per share calculation because all necessary conditions had not been satisfied by the end of the respective period, and those shares were not issuable if the end of the reporting period were the end of the performance contingency period.

A small number of PSUs were not included in the dilutive net income per share calculation in fiscal years 2025 and 2024 because all necessary conditions had not been satisfied, and those shares were not issuable if the end of the reporting period were the end of the performance contingency period.

Note 4— Employee Stock-Based Compensation

15 unchanged sentences

Restricted stock units with certain market- and performance-based conditions ("PSUs") granted to employees under the 2006 Plan generally vest at the end of the three-year performance period upon meeting predetermined financial metrics over three years , with the number of shares to be received upon vesting determined based on constant currency revenue growth rate, adjusted operating income (loss) and the Company's total shareholder return ("TSR") relative to the performance of companies in the Russell 3000 Index over the same three years period.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 78

Ta b le of Contents

The following table summarizes share-based compensation expense and total income tax benefit recognized for fiscal years 2026, 2025 and 2024 (in thousands):

9 unchanged sentences

The income tax benefit in the respective periods primarily consisted of tax benefits related to the share-based compensation expense for the period and direct tax benefit realized, including net excess tax benefits recognized from share-based awards vested or exercised during the period.

Logitech International S.A.

| Fiscal 2025 Form 10-K | 80

Share-based compensation costs capitalized as part of inventory were $ 8.4 million, $ 7.6 million, and $ 6.3 million for the fiscal year ended March 31, 2026, 2025 and 2024, respectively.

17 unchanged sentences

The expected dividend rate assumption is based on the Company's history and future expectations of dividend payouts.

Unvested PSUs are not eligible for these dividends.

Unvested stock-awards are not eligible for these dividends.

The expected term is based on the purchase offerings periods expected to remain outstanding for employee stock purchase plan or the performance period for PSUs.

1 unchanged sentence

The Company considers the historical price volatility of its shares as most representative of future volatility.

The risk-free interest rate assumptions are based upon the implied yield of U.S.

Treasury zero-coupon issues or Switzerland government bonds appropriate for the expected term of the Company's share-based awards.

For PSUs, the Company estimates the probability and timing of the achievement of the set performance condition at the time of the grant based on the historical financial performance and the financial forecast in the remaining performance period and reassesses the probability in subsequent periods when actual results or new information become available.

The risk-free interest rate

Logitech International S.A.

| Fiscal 2026 Form 10-K | 79

Ta b le of Contents

assumptions are based upon the implied yield of U.S.

Treasury zero-coupon issues for the expected term of the Company's share-based awards.

A summary of the Company's stock option activities under all stock plans for fiscal years 2026, 2025 and 2024 is as follows:

35 unchanged sentences

however, the aggregate fair value of shares vested is based on the actual number of PSUs vested according to achievement of the financial metrics over the performance period.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 80

Ta b le of Contents

Note 5— Employee Benefit Plans

1 unchanged sentence

Certain subsidiaries of the Company sponsor defined benefit pension plans or non-retirement post-employment benefits covering substantially all of their employees.

Benefits are provided based on employees' years

Logitech International S.A.

| Fiscal 2025 Form 10-K | 82

of service and earnings, or in accordance with applicable employee benefit regulations.

Benefits are provided based on employees' years of service and earnings, or in accordance with applicable employee benefit regulations.

The Company's practice is to fund amounts sufficient to meet the requirements set forth in the applicable employee benefit and tax regulations.

10 unchanged sentences

Net actuarial loss (gain) recognized 919 450 ( 179 )

Curtailment gain — — ( 4,225 )

Settlement loss (gain)

— 922 ( 339 )

Settlement loss

Total net periodic benefit cost $ 9,740 $ 8,261 $ 8,616

The components of net periodic benefit cost other than the service costs component are included in other income (expense), net in the consolidated statements of operations.

The components of net periodic benefit cost other than the service cost component are included in other income (expense), net, in the consolidated statements of operations.

The changes in projected benefit obligations for fiscal years 2026 and 2025 were as follows (in thousands):

5 unchanged sentences

Actuarial loss

13,691 13,737

Benefits paid ( 3,475 ) ( 10,578 )

6 unchanged sentences

The accumulated benefit obligation for all defined benefit pension plans as of March 31, 2026 and 2025 was $ 262.6 million and $ 227.7 million, respectively.

Actuarial loss related to the change in the benefit obligation for the Company's pension plans for fiscal years 2025 and 2024 w ere primarily due to changes in discount rate.

Actuarial loss for fiscal year 2025, related to changes in the Company’s pension benefit obligation, was primarily driven by fluctuations in the discount rate.

In fiscal year 2026, actuarial loss was not material.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 81

Ta b le of Contents

The changes in the fair value of plan assets for fiscal years 2026 and 2025 were as follows (in thousands):

33 unchanged sentences

| Fiscal 2026 Form 10-K | 82

Ta b le of Contents

Amounts recognized on the balance sheets for the plans were as follows (in thousands):

37 unchanged sentences

| Fiscal 2026 Form 10-K | 83

Ta b le of Contents

The following table reflects the benefit payments that the Company expects the plans to pay in the periods noted (in thousands):

1 unchanged sentence

2027 $ 20,309

Next five fiscal years 77,365

Total expected benefit payments by the plan $ 152,642

2028 $ 17,109

2029 $ 16,841

2030 $ 17,194

2031 $ 16,247

2032-2036 $ 89,012

The Company expects to contribute $ 8.4 million to its defined benefit pension plans during fiscal year 2027.

14 unchanged sentences

2026 2025 2024

Investment gain (loss) related to the deferred compensation plan $ 2,131 $ 4,320 $ ( 1,961 )

Investment gain related to the deferred compensation plan $ 3,714 $ 2,131 $ 4,320

Currency exchange loss, net ( 3,733 ) ( 6,401 ) ( 8,770 )

8 unchanged sentences

| Fiscal 2026 Form 10-K | 84

Ta b le of Contents

Note 7— Income Taxes

15 unchanged sentences

Provision for income taxes $ 115,332 $ 75,343 $ 9,453

The difference between the provision for income taxes and the expected tax provision at the Swiss statutory income tax rate of 8.5 % is reconciled below (in thousands):

Logitech International S.A.

| Fiscal 2026 Form 10-K | 85

Ta b le of Contents

The following table is presented in accordance with ASU 2023-09, which the Company adopted in fiscal year 2026.

The Company has adopted this standard prospectively.

See Note 2 for additional information.

The difference between the provision for income taxes and the expected tax provision at the Swiss statutory income tax rate of 8.5 % for the current period is reconciled below (in thousands):

Year Ended March 31,

2026 As a percent

Pretax book income at Statutory rate $ 70,250 8.5 %

Domestic federal reconciling items:

Federal Tax Deduction ( 4,436 ) ( 0.5 ) %

Participation Exemption ( 33,617 ) ( 4.1 ) %

Domestic state and local income taxes:

Vaud 43,812 5.3 %

Zurich 415 0.1 %

Domestic other, net 4,213 0.5 %

Foreign reconciling items:

Statutory tax rate difference between United States and Switzerland 13,948 1.7 %

Foreign derived intangible income ( 4,192 ) ( 0.5 ) %

State tax expense, net of federal benefit 4,189 0.5 %

Tax credits ( 6,022 ) ( 0.7 ) %

Non-deductible executive compensation 4,314 0.5 %

Other, net 346 — %

Statutory tax rate difference between China and Switzerland 8,931 1.1 %

Other, net 118 — %

Hong Kong - Tax exempt dividends ( 7,402 ) ( 0.9 ) %

Other foreign jurisdictions 45,138 5.5 %

Changes in unrecognized tax benefits ( 24,673 ) ( 3.0 ) %

Effective Tax Rate $ 115,332 14.0 %

The effective income tax rate in 2026 includes the tax effect of the expiration of statutes of limitation of uncertain tax positions and non-taxable dividend distributions, offset by foreign earnings taxed at different rates than the statutory rate.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 86

Ta b le of Contents

The difference between the provision for income taxes and the expected tax provision at the Swiss statutory income tax rate of 8.5 % is reconciled for prior periods as previously disclosed prior to the adoption of ASU 2023-09 (in thousands):

Years Ended March 31,

2025 2024 2023

Expected tax provision at statutory income tax rates $ 60,084 $ 52,836

2 unchanged sentences

Swiss Tax Benefits

— ( 50,051 ) —

Executive compensation 980 407

2 unchanged sentences

Valuation allowance 1,000 4,780

Impairment — — 1,881

Restructuring credits

( 817 ) — ( 1,764 )

Unrecognized tax benefits/ Audit resolution and statute lapse

3 unchanged sentences

Provision for income taxes $ 75,343 $ 9,453

Logitech International S.A.

| Fiscal 2025 Form 10-K | 87

The effective income tax rate in 2025 includes the tax effect of audit resolutions and the expiration of statutes of limitation of uncertain tax positions totaling $ 53.3 million, offset by the increase to unrecognized tax benefits in 2025 of $ 10.0 million.

The effective tax rate in 2024 includes the discrete tax benefits recognized in fiscal year 2024 for the benefit of future Swiss tax deductions, the remeasurement of the tax basis of goodwill under TRAF (as defined below), FDII (as defined below) incentive provided by the Tax Cuts and Jobs Act and remeasurement of our Swiss deferred tax assets due to a change in tax rate.

The effective tax rate in 2024 includes the discrete tax benefits recognized in fiscal year 2024 for the benefit of future Swiss tax deductions, the remeasurement of the tax basis of goodwill under TRAF (as defined below), FDII (as defined below) incentive provided by the Tax Cuts and Jobs Act and remeasurement of the Company's Swiss deferred tax assets due to a change in tax rate.

On March 28, 2024, the Swiss canton of Vaud confirmed a future tax benefit to be recognized for ten years .

4 unchanged sentences

The remeasurement of the step-up will be amortized over the remaining ten-year amortization period.

The Tax Cuts and Jobs Act enacted Section 250, which provides for a deduction with respect to Global Intangible Low-Taxed Income ("GILTI") and Foreign-Derived Intangible Income ("FDII") in the US.

On December 29, 2023, a change to the cantonal tax legislation was published.

According to the law approved by the Vaud parliament, a progressive scale will be applicable for cantonal tax purposes resulting in an increase from the then current tax rate of 13.61 % to 14.28 % effective fiscal year 2025.

The increase in tax rate resulted in a tax benefit of $ 5.1 million due to a remeasurement of the Company's Swiss deferred tax assets in the fiscal year ended March 31, 2024.

The Tax Cuts and Jobs Act enacted Section 250, which provides for a deduction with respect to Global Intangible Low-Taxed Income ("GILTI") and Foreign-Derived Intangible Income ("FDII") in the U.S.

The application of this tax incentive is inherently complex.

2 unchanged sentences

The Company has also concluded that any GILTI tax since the enactment of Tax Cuts and Jobs Act is immaterial.

On December 29, 2023, a change to the cantonal tax legislation was published.

The increase in tax rate resulted in a tax benefit of $ 5.1 million due to a remeasurement of the Company's Swiss deferred tax assets in the fiscal year ended March 31, 2024.

The Base Erosion and Profit Shifting Project (the “BEPS Project”) undertaken by the Organization for Economic Co-operation and Development (the “OECD”) recommended changes to numerous long-standing tax principles, including a proposal to reallocate profits among tax jurisdictions in which companies do business (“Pillar One”) and establishing a minimum tax on global income (“Pillar Two”).

For the year ended March 31, 2025, the Company assessed its exposure to the OECD Pillar Two global minimum tax rules.

The Company has determined that, for the fiscal year 2025, certain jurisdictions in which it operates should qualify for the transitional Country-by-Country Reporting ("CbCR") safe harbor, as outlined in the OECD Administrative Guidance and enacted domestic legislation.

The Company's CbCR has been prepared in accordance with the requirements for a Qualified CbCR, using qualified financial statements, and has been reviewed to ensure accuracy and completeness.

Based on this data, the Company met safe harbor qualifications and therefore is not required to perform a detailed Pillar Two top-up tax calculation for the current reporting period.

No Pillar Two top-up tax expense has been recognized in the year ended March 31, 2025.

The OECD and participating countries continue to issue underlying rules and administrative guidance related to Pillar Two, and the Company continues to monitor the relevant developments.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 87

Ta b le of Contents

On July 4, 2025, the One Big Beautiful Bill Act (the "OBBBA") was enacted into law in the United States and most relevant provisions will be effective for the Company beginning in fiscal year 2027.

The OBBBA includes numerous provisions that affect corporate taxation, impacting areas such as R&D expensing, bonus depreciation, and international tax provisions.

The Company has reviewed the provisions of the OBBBA to determine the potential impact on the Company's financial statements.

Based on this review, and considering the Company's current tax position and operations, at this time the Company does not expect the OBBBA to have a material impact on its income taxes, including current and deferred tax balances and the effective tax rate.

For the fiscal year ended March 31, 2026, the Company assessed its exposure to the OECD Pillar Two global minimum tax rules.

The Company has determined that, for the fiscal year 2026, most jurisdictions in which it operates should qualify for the transitional Country-by-Country Reporting ("CbCR") safe harbor, as outlined in the OECD Administrative Guidance and enacted domestic legislation.

The Company's CbCR has been prepared in accordance with the requirements for a Qualified CbCR, using qualified financial statements.

Based on this data, most jurisdictions continue to meet safe harbor qualifications at 16% tax rates, and therefore, the Company is only required to perform a detailed Pillar Two top-up tax calculation for limited jurisdictions.

The estimated top up tax for fiscal year 2026 is de minimis.

On January 5, 2026, the OECD released an Administrative Guidance package.

This package includes a “Side-by-Side” System designed to align the U.S.

tax regime with Pillar Two for U.S.-parented multinational groups, effective for tax years beginning on or after January 1, 2026.

As the Company is a non-U.S.

headquartered multinational, the “Side-by-Side” System itself does not apply to the Company’s tax profile.

However, the broader guidance package also introduces a new permanent safe harbor (to replace the transitional CbCR safe harbor for fiscal years beginning in 2027) and a one-year extension of the transitional CbCR safe harbor that may potentially impact the Company’s Pillar Two compliance and reporting.

The Company continues to monitor these developments but does not expect a material change to its Pillar Two liability.

Deferred income tax assets and liabilities consist of the following (in thousands):

17 unchanged sentences

The Company determined that it is more likely than not that the Company would not generate sufficient taxable income in the future to utilize such deferred tax assets.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 88

Ta b le of Contents

As of March 31, 2026, the Company had net operating loss carryforwards in Switzerland for income tax purposes of $ 30.8 million which will begin to expire in fiscal year 2028.

2 unchanged sentences

The tax credit carryforwards will begin to expire in fiscal year 2027.

Swiss income taxes and non-Swiss withholding taxes associated with the repatriation of earnings or for other temporary differences related to investments in non-Swiss subsidiaries have not been provided for, as the Company intends to reinvest the earnings of such subsidiaries indefinitely.

If these earnings were distributed to Switzerland in the form of dividends or otherwise, or if the shares of the relevant non-Swiss subsidiaries were sold or otherwise transferred, the Company may be subject to additional Swiss income taxes and non-Swiss withholding taxes.

As of March 31, 2025, the cumulative amount of unremitted earnings of non-Swiss subsidiaries for which no income taxes have been provided is approximately $ 546.9 million.

The amount of unrecognized deferred income tax liability related to these earnings is estimated to be approximately $ 18.4 million.

For the fiscal year ended March 31, 2026, individual jurisdictions are separately presented where the net amount of income taxes paid is equal to or greater than 5% of total income taxes paid.

As the Company adopted ASU 2023-09 on a prospective basis, comparative jurisdictional information for prior periods is not presented.

The following table presents income taxes, including withholding taxes, paid, net of refunds received, disaggregated by federal, state, and foreign jurisdictions (in thousands):

Year Ended March 31,

Switzerland - Federal $ 19,028

Switzerland - Cantonal:

Vaud $ 21,851

Total Cantonal $ 21,967

United States $ 6,502

Total Foreign $ 45,358

Total $ 86,353

For fiscal years ended March 31, 2025 and 2024, total income taxes paid, net of refunds received was $ 67.5 million and $ 50.9 million , respectively.

The Company has accumulated earnings in non-Swiss subsidiaries that are primarily intended to support operations outside of Switzerland.

Deferred income taxes have not been recognized on a portion of these earnings with respect to Swiss income taxes and foreign withholding taxes, as such earnings are expected to be reinvested outside of Switzerland to fund local working capital requirements.

If repatriated, the Company would generally be subject to foreign withholding taxes, which represent the primary source of incremental tax cost, and limited Swiss income tax, due to the Swiss participation exemption.

The Company follows a two-step approach in recognizing and measuring uncertain tax positions.

2 unchanged sentences

As of March 31, 2026 and 2025, the total amount of unrecognized tax benefits due to uncertain tax positions was $ 131.4 million and $ 152.0 million, respectively, all of which would affect the effective income tax rate if recognized.

As of March 31, 2026 and 2025, the Company had $ 86.3 million and $ 88.5 million, respectively, in non-current income taxes payable, including interest and penalties, related to the Company's income tax liability for uncertain tax positions.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 89

As of March 31, 2025 and 2024, the Company had $ 88.5 million and $ 112.6 million, respectively, in non-current income taxes payable, including interest and penalties, related to the Company's income tax liability for uncertain tax positions.

Ta b le of Contents

The aggregate changes in gross unrecognized tax benefits in fiscal years 2026, 2025 and 2024 were as follows (in thousands):

1 unchanged sentence

Lapse of statute of limitations ( 3,863 )

Settlements with taxing authorities

Increases in balances related to tax positions taken during prior years 705

Increases in balances related to tax positions taken during the year 22,332

2 unchanged sentences

Settlements with taxing authorities ( 32,314 )

Increases in balances related to tax positions taken during prior years

Increases (decreases) in balances related to tax positions taken during prior years

Increases in balances related to tax positions taken during the year 2,213

1 unchanged sentence

Lapse of statute of limitations ( 23,176 )

Settlements with taxing authorities ( 32,314 )

Increases (decreases) in balances related to tax positions taken during prior years

5 unchanged sentences

As of March 31, 2026 and 2025, the Company had $ 8.3 million and $ 7.2 million, respectively, of accrued interest and penalties related to uncertain tax positions.

The Company files Swiss and foreign tax returns.

The Company received final tax assessments in Switzerland through fiscal year 2023.

As a result of these audit settlements the Company released $ 31.8 million of previously recorded unrecognized tax benefits which was fully recognized as a reduction of income tax expense in the year ended March 31, 2025.

The Company’s unrecognized tax benefits decreased by $ 20.6 million during the fiscal year ended March 31, 2026, primarily due to the expiration of the statutes of limitations for certain U.S.

federal positions.

In the United States, the federal and state tax agencies have the authority to examine periods prior to fiscal year 2022, to the extent allowed by law, but only to the extent tax attributes were generated, carried forward, and are being utilized in subsequent years.

3 unchanged sentences

Although the Company has adequately provided for uncertain tax positions, the provisions on these positions may change as revised estimates are made or the underlying matters are settled or otherwise resolved.

During the next 12 months, it is reasonably possible that the amount of unrecognized tax benefits could increase or decrease significantly due to changes in tax law in various jurisdictions, due to lapse in statute of limitations and other factors, it is not possible to provide a range of potential changes.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 90

Ta b le of Contents

Note 8— Balance Sheet Components

11 unchanged sentences

Other current assets:

VAT receivables $ 46,332 $ 41,172

Value-added tax ("VAT") receivables $ 58,600 $ 46,332

Prepaid expenses and other assets 119,295 84,879

20 unchanged sentences

| Fiscal 2026 Form 10-K | 91

Ta b le of Contents

The following table presents the components of certain balance sheet liability amounts as of March 31, 2026 and 2025 (in thousands):

Accrued and other current liabilities:

Accrued personnel expenses $ 180,763 $ 145,473

Accrued customer marketing, pricing and incentive programs $ 211,915 $ 173,401

Warranty liabilities 34,428 30,270

Accrued personnel expenses 165,404 180,763

Deferred revenue (1)

38,652 25,798

Income taxes payable 37,843 26,841

VAT payable 36,292 29,648

Warranty liabilities 35,488 34,428

Accrued sales return liability 27,635 27,913

Deferred revenue (1)

25,798 19,262

Accrued loss for inventory purchase commitments 18,167 19,614

9 unchanged sentences

Warranty liabilities 14,754 14,756

Deferred tax liabilities 658 705

Other non-current liabilities 6,849 5,574

13 unchanged sentences

| Fiscal 2026 Form 10-K | 92

Ta b le of Contents

The following table presents the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis, excluding assets related to the Company's defined benefit pension plans, classified by the level within the fair value hierarchy (in thousands):

8 unchanged sentences

Total investments for deferred compensation plan $ 30,495 $ — $ — $ 29,006 $ — $ —

Currency derivative assets included in other current assets $ — $ 90 $ — $ — $ 913 $ —

Contingent consideration included in accrued and other current liabilities $ — $ — $ — $ — $ — $ 1,215

Currency derivative liabilities included in accrued and other current liabilities $ — $ 2,849 $ — $ — $ 573 $ —

Currency derivative assets $ — $ 5,486 $ — $ — $ 90 $ —

Currency derivative liabilities $ — $ 94 $ — $ — $ 2,849 $ —

Investments for Deferred Compensation Plan

5 unchanged sentences

Income (loss) related to equity method investments for fiscal years 2026, 2025 and 2024 was not material a nd is included in other income (expense), net in the Company's consolidated statements of operations (see Note 6).

During fiscal year 2023, the Company recorded an impairment charge, before tax, of $ 21.4 million for one of its equity method investments as it was determined that the carrying value of the investment was not recoverable.

The impairment charge is included in other income (expense), net in the Company's consolidated statement of operations for fiscal year 2023.

There was no impairment of equity method investments during fiscal years 2026, 2025, and 2024.

4 unchanged sentences

The carrying value is also adjusted for observable price changes with the same or similar security from the same issuer.

The amount of these equity investments without readily determinable fair value included in other assets was $ 8.8 million and $ 10.1 million as of March 31, 2025 and

Logitech International S.A.

| Fiscal 2025 Form 10-K | 93

2024, respectively.

During fiscal year 2023, the Company recorded an unrealized gain, before tax, of $ 6.9 million for its investment in a private company as a result of observable price changes for similar securities issued by this company (level 2 fair value measurement).

The amount of these equity investments without readily determinable fair value included in other assets was $ 8.8 million as of March 31, 2026 and 2025.

There was no impairment of these equity investments during fiscal year 2026.

The impairment charges related to these investments were not material during fiscal years 2025 and 2024.

2 unchanged sentences

The impairment loss is included in other income (expense), net, in the Company's consolidated statement of operations for the fiscal year 2024.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 93

Ta b le of Contents

Non-Financial Assets.

6 unchanged sentences

Under certain agreements with the respective counterparties to the Company's derivative contracts, subject to applicable requirements, the Company is allowed to net settle transactions of the same type with a single net amount payable by one party to the other.

However, the Company presents its derivative assets and derivative liabilities on a gross basis in other current assets and accrued and other current liabilities, respectively, on the consolidated balance sheets as of March 31, 2025 and 2024.

However, the Company presents its derivative assets and derivative liabilities on a gross basis.

Based on maturity, derivative assets are included in other current assets or other assets and derivative liabilities are included in accrued and other current liabilities or other non-current liabilities on the consolidated balance sheets.

See Note 9 for the fair values of the Company’s derivative instruments as of March 31, 2026 and 2025.

Cash Flow Hedges

The Company enters into cash flow hedge contracts to protect against exchange rate exposure of forecasted inventory purchases.

These hedging contracts mature within approximately four months .

Gains and losses in the fair value of the effective portion of the hedges are deferred as a component of accumulated other comprehensive loss until the hedged inventory purchases are sold, at which time the gains or losses are reclassified to cost of goods sold.

The Company enters into cash flow hedge contracts, including foreign currency forward contracts and foreign currency option contracts, to protect against exchange rate exposure of forecasted inventory purchases.

Previously, the hedge contracts covered inventory purchases within four months.

Beginning in fiscal year 2026, they cover inventory purchases up to sixteen months, with reduced coverage beyond four months.

Gains and losses in the fair value of the effective portion of the hedges are deferred as a component of accumulated other comprehensive income (loss) until the hedged inventory purchases are sold, at which time the gains or losses are reclassified to cost of goods sold.

Cash flows from such hedges are classified as operating activities in the consolidated statements of cash flows.

Hedging relationships are discontinued when the hedging contract is no longer eligible for hedge accounting, or is sold, terminated or exercised, or when the Company removes hedge designation for the contract.

Gains and losses in the fair value of the effective portion of the discontinued hedges continue to be reported in accumulated other comprehensive loss until the hedged inventory purchases are sold, unless it is probable that the forecasted inventory purchases will not occur by the end of the originally specified time period or within an additional two-month period of time thereafter.

The notional amounts of foreign currency exchange forward contracts outstanding related to forecasted invento ry purch ases were $ 74.6 million and $ 90.5 million as of March 31, 2025 and 2024, respectively.

The Company had $ 3.0 million of net loss related to its cash flow hedges included in accumulated other comprehensive loss as of March 31, 2025, which will be reclassified into earnings within the next twelve months.

Gains and losses in the fair value of the effective portion of the discontinued hedges continue to be reported in accumulated other comprehensive income (loss) until the hedged inventory purchases are sold, unless it is probable that the forecasted inventory purchases will not occur by the end of the originally specified time period or within an additional two-month period of time thereafter.

The notional amounts of foreign currency exchange contracts outstanding related to forecasted invento ry purch ases were $ 447.9 million and $ 74.6 million as of March 31, 2026 and 2025, respectively.

The Company had $ 1.9 million of net gain related to its cash flow hedges included in accumulated other comprehensive loss as of March 31, 2026, which will be reclassified into earnings within the next twelve months.

The following table presents the amounts of gain (loss) on the Company's derivative instruments designated as hedging instruments for fiscal years 2026, 2025 and 2024 and their locations on its consolidated statements of operations and consolidated statements of comprehensive income (in thousands):

6 unchanged sentences

Comprehensive Loss

to Costs of Goods Sold

to Cost of Goods Sold

2026 2025 2024 2026 2025 2024

2 unchanged sentences

| Fiscal 2026 Form 10-K | 94

The Company presents the earnings impact from forward points in the same line item that is used to present the earnings impact of the hedged item, i.e.

cost of goods sold, for hedging forecasted inventory purchases and such amount is not material for all periods presented.

Ta b le of Contents

Other Derivatives

2 unchanged sentences

The primary risk managed by using forward and swap contracts is the currency exchange rate risk.

The gains or losses on these contracts are not material and included in other income (expense), net in the consolidated statements of operations based on the changes in fair value.

The gains or losses on these contracts are not material and are included in other income (expense), net in the consolidated statements of operations based on the changes in fair value.

The notional amounts of these contracts outstanding as of March 31, 2026 and 2025 were $ 113.0 million and $ 131.8 million, respectively.

8 unchanged sentences

Beginning of the period $ 463,230 $ 461,978

Acquisitions — 8,156

Effects of foreign currency translation 2,187 1,252

10 unchanged sentences

For fiscal years 2026, 2025 and 2024, amortization expense for intangible assets was $ 13.3 million, $ 20.1 million and $ 21.7 million, respectively.

The Company expects that annual amortization expense for fiscal years 2026, 2027, 2028, 2029 and 2030 will be $ 12.8 million, $ 5.6 million, $ 4.1 million, $ 1.8 million and $ 0.3 million, respectively.

The Company expects that annual amortization expense for fiscal years 2027, 2028, 2029 and 2030 will be $ 5.9 million, $ 4.3 million, $ 1.9 million, and $ 0.3 million, respectively.

The remaining balance of the Company's intangible assets will be fully amortized by 2030.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 95

Ta b le of Contents

Note 12— Financing Arrangements

33 unchanged sentences

| Fiscal 2026 Form 10-K | 96

Ta b le of Contents

Legal Proceedings

12 unchanged sentences

The capital band under Swiss law allows a company's board of directors to adjust the company's share capital within a predefined range based on a general authority granted by the company's shareholders.

At the 2023 Annual General Meeting ("AGM"), the Company's shareholders approved an amendment to the Company’s Articles of Incorporation to introduce a capital band provision authorizing the Board of Directors to adjust the Company's share capital, without additional shareholder approval, within a range of 155,795,958 registered shares to 190,417,282 registered shares for the five-year period ending on September 13, 2028.

At the 2025 AGM, the Company's shareholders approved a renewal of the capital band, setting a new range of 144,706,014 registered shares to 176,862,906 registered shares for a five-year period ending on September 9, 2030.

The amendment became effective on October 1, 2025.

In addition, the Company has reserved conditional capital (1) up to 25,000,000 shares for potential issuance for the exercise of rights granted under the Company's employee equity incentive plans, and (2) up to 25,000,000 shares for issuance to cover any conversion rights under any potential future convertible bond issuance.

In September 2024, the Company's Board of Directors approved the cancellation of 4.1 million treasury shares, which were repurchased in fiscal year 2024 for an aggregate cost of $ 332.1 million under the 2023 share repurchase program.

The cancellation became effective in the third quarter of fiscal year 2025, and as a result both the number of registered shares issued and the number of treasury shares outstanding decreased by 4.1 million shares.

Share Cancellation

In June 2025, the Company's Board of Directors approved the cancellation of 8.2 million treasury shares, which were repurchased under the 2023 share repurchase program in fiscal year 2025 and the first quarter of fiscal year 2026, for an aggregate cost of $ 712.2 million.

The cancellation became effective in the second quarter of fiscal year 2026, and as a result, both the number of registered shares issued and the number of treasury shares decreased by 8.2 million shares.

Upon cancellation of these shares, the Company deducted the par value from registered shares and reflected the excess of share repurchase cost over par value as a reduction to retained earnings.

In September 2024, the Company's Board of Directors approved the cancellation of 4.1 million treasury shares, which were repurchased under the 2023 share repurchase program in fiscal year 2024 for an aggregate cost of $ 332.1 million.

The cancellation became effective in the third quarter of fiscal year 2025, and as a result both the number of registered shares issued and the number of treasury shares decreased by 4.1 million shares.

Upon cancellation of these shares, the Company deducted the par value from registered shares and reflected the excess of share repurchase cost over par value as a reduction to retained earnings.

Pursuant to Swiss corporate law, the payment of dividends is limited to certain amounts of unappropriated retained earnings (approximately CHF 1,573.5 million, or USD equivalent of $ 1,966.6 million as of March 31, 2026) and is subject to shareholder approval.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 97

Ta b le of Contents

In May 2026, the Board of Directors recommended that the Company pay cash dividends for fiscal year 2026 of CHF 1.36 per share (USD equivalent of approximately $ 1.70 per share, which would result in a gross aggregate dividend of approximately $ 243.9 million, based on the exchange rate and shares outstanding, net of treasury shares, on March 31, 2026).

3 unchanged sentences

Any future dividends will be subject to the approval of the Company's shareholders.

Logitech International S.A.

| Fiscal 2025 Form 10-K | 97

Legal Reserves

9 unchanged sentences

2023 Share Repurchase Program

In June 2023, the Company's Board of Directors approved a new, three-year share repurchase program, which allows the Company to use up to $ 1.0 billion to repurchase its shares.

In June 2023, the Company's Board of Directors approved a three-year share repurchase program, which allows the Company to use up to $ 1.0 billion to repurchase its shares.

The 2023 share repurchase program enables the Company to repurchase shares for cancellation, as well as to support equity incentive plans or potential acquisitions.

The Swiss Takeover Board approved the 2023 share repurchase program in July 2023 and the program became effective on July 28, 2023.

As of March 31, 2025, $ 48.3 million was available for repurchase under the 2023 share repurchase program.

In March 2025, the Company's Board of Directors approved an increase of $ 600.0 million to the 2023 share repurchase program, to an aggregate amount of $ 1.6 billion.

The Swiss Takeover Board approved this increase in April 2025 and it became effective on April 2, 2025.

As of March 31, 2026, $ 91.8 million was available for repurchase under the 2023 share repurchase program.

2026 Share Repurchase Program

In March 2026, the Company's Board of Directors approved a new three-year share repurchase program to repurchase shares up to an aggregate amount of $ 1.4 billion, or a maximum of 16,078,446 shares.

The 2026 share repurchase program enables the Company to repurchase shares for cancellation, as well as to support equity incentive plans or potential acquisitions.

The program became effective on May 8, 2026, following approval from the Swiss Takeover Board and the completion of the 2023 share repurchase program.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 98

Ta b le of Contents

The following table summarizes the Company's share repurchase activities for fiscal years 2026, 2025 and 2024 (in thousands):

8 unchanged sentences

Number of shares repurchased (3)

— 2,641 7,562

Aggregate cost of shares repurchased

$ — $ — $ 159,112

(1) In fiscal year 2025, all shares were repurchased for cancellation.

(1) In fiscal years 2026 and 2025, all shares were repurchased for cancellation.

In fiscal year 2024, 4.1 million shares in an aggregate cost of $ 332.1 million were repurchased for cancellation and the remaining shares were repurchased to support equity incentive plans.

(2) Includes an aggregate cost of $ 18.7 million and $ 19.5 million, respectively, that was not yet paid as of March 31, 2025 and 2024.

(2) Includes an aggregate cost of $ 40.8 million, $ 18.7 million, and $ 19.5 million, respectively, that was not yet paid as of March 31, 2026, 2025 and 2024.

(3) Shares were repurchased to support equity incentive plans.

2 unchanged sentences

This limitation does not apply to shares repurchased for cancellation, due to the Board of Directors’ authority under the Company’s capital band set forth in the Company’s Articles of Incorporation.

As of March 31, 2025, the Company had a total of 20.5 million shares held in treasury stock, which includes 6.7 million shares that have been

Logitech International S.A.

| Fiscal 2025 Form 10-K | 98

repurchased for cancellation and 13.8 million shares that have been purchased to support equity incentive plans or potential acquisitions.

To the extent that the shares are repurchased to support equity incentive plans or potential acquisitions, the shares are repurchased on the ordinary trading line of SIX Swiss Exchange (“SIX”) and/or The Nasdaq Global Select Market (“Nasdaq”).

Shares repurchased for cancellation purposes are repurchased on a second trading line on SIX.

As of March 31, 2026, the Company had a total of 17.3 million shares held in treasury stock, which includes 4.7 million shares that have been repurchased for cancellation and 12.6 million shares that have been purchased to support equity incentive plans or potential acquisitions.

To the extent that the shares are repurchased to support equity incentive plans or potential acquisitions, the shares are repurchased on the ordinary trading line of the SIX Swiss Exchange and/or the Nasdaq Global Select Market.

Shares repurchased for cancellation purposes are repurchased on a second trading line on the SIX Swiss Exchange.

Shares may be repurchased from time to time on the open market or in privately negotiated transactions, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

9 unchanged sentences

March 31, 2026 $ ( 94,156 ) $ ( 21,744 ) $ 2,083 $ ( 113,817 )

Logitech International S.A.

| Fiscal 2026 Form 10-K | 99

Ta b le of Contents

Note 15— Segment Information

31 unchanged sentences

consideration for business acquisition, and other income (expense), net, as applicable.

Logitech International S.A.

| Fiscal 2025 Form 10-K | 99

Sales by product category for fiscal years 2026, 2025 and 2024 were as follows (in thousands):

12 unchanged sentences

(2) Other primarily consists of mobile speakers and PC speakers.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 100

Ta b le of Contents

Sales by geographic region (based on the customers' locations) for fiscal years 2026, 2025 and 2024 were as follows (in thousands):

15 unchanged sentences

Total $ 172,311 $ 170,105

Property, plant and equipment, net (excluding software) and right-of-use assets in the United States, China, and Ireland were $ 60.0 million, $ 43.4 million and $ 14.5 million, respectively, as of March 31, 2025.

Property, plant and equipment, net (excluding software) and right-of-use assets in the United States, China, and Ireland were $ 66.5 million, $ 41.2 million, and $ 16.2 million, respectively, as of March 31, 2024.

Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China were $ 57.6 million and $ 48.0 million, respectively, as of March 31, 2026.

Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China were $ 60.0 million and $ 43.4 million, respectively, as of March 31, 2025.

Property, plant and equipment, net (excluding software) and right-of-use assets in Switzerland, the Company's country of domicile, were $ 25.0 million and $ 24.1 million as of March 31, 2026 and 2025, respectively.

No other countries represented more than 10% of the Company's total consolidated property, plant and equipment, net (excluding software) and right-of-use assets as of March 31, 2026 or 2025.

Logitech International S.A.

| Fiscal 2025 Form 10-K | 100

Note 16— Restructuring

4 unchanged sentences

During the fourth quarter of fiscal year 2025, the Company initiated a restructuring plan to reorganize certain functions to enable increased productivity and efficiency.

This plan resulted in charges related to employee severance and other termination benefits.

The Company expects to substantially complete this restructuring within the next twelve months.

This plan resulted in charges related to employee severance and other termination ben efits.

The Company has substantially completed these restructuring activities as of March 31, 2026.

Logitech International S.A.

| Fiscal 2026 Form 10-K | 101

Ta b le of Contents

The following table summarizes restructuring-related activities during fiscal years 2026, 2025 and 2024 (in thousands):

17 unchanged sentences

The Company is a lessee in various non-cancelable operating leases, primarily real estate facilities for office space.

As of March 31, 2025, t he Company's lease arrangements are comprised of operating leases with various expiration dates through July 31, 2035 .

As of March 31, 2026, t he Company's lease arrangements are comprised of operating leases with various expiration dates through August 31, 2036 .

The lease term for all of the Company’s leases includes the non-cancelable period of the lease.

8 unchanged sentences

Cash paid for amounts included in the measurement of operating lease liabilities $ 18,056 $ 16,847 $ 13,489

ROU assets obtained in the exchange for operating lease liabilities $ 26,767 $ 8,593 $ 43,093

ROU assets obtained in exchange for operating lease liabilities $ 6,902 $ 26,767 $ 8,593

Logitech International S.A.

| Fiscal 2026 Form 10-K | 102

Ta b le of Contents

Future lease payments included in the measurement of operating lease liabilities as of March 31, 2026 for the following five fiscal years and thereafter are as follows (in thousands):

11 unchanged sentences

| Fiscal 2026 Form 10-K | 103

Ta b le of Contents

LOGITECH INTERNATIONAL S.A.

28 unchanged sentences

2024 $ 30,766 $ 4,770 $ — $ 35,536

(1) The amounts for fiscal years 2024 and 2023 include immaterial impacts from the business acquisitions during the year.

(1) The amounts for fiscal year 2024 include immaterial impacts from the business acquisitions during the year.

Logitech International S.A.

1 unchanged sentence

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures