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The company has benefited immensely from rising demand for computer accessories with the advent of the remote working era. However, supply chain disruptions and an ongoing semiconductor shortage have caused the company’s profit margins to shrink in its fiscal 2022 second quarter, ended September 30, 2021. While LOGI’s revenues increased 4% year-over-year to a record $1.31 billion, its non-GAAP operating income fell 40% from the same period last year to $211 million. Its non-GAAP EPS came in at $1.05, reflecting a 44% decline from the year-ago value.
In a Reuters interview recently, LOGI CEO Bracken Darell said, “We will have some issues delivering at the levels of demand that are out there.” He said he expects the supply chain issues to last until at least March 2022.
