v3.26.1
Segment Information
 12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company manages its business activities on a consolidated basis and operates as a single operating segment: Peripherals. The operating segment encompasses the design, manufacturing and sales of peripherals for gaming, PCs, tablets, video conferencing, and other digital platforms. The Company's Chief Operating Decision Maker (the “CODM”) is the Chief Executive Officer. The CODM periodically reviews information such as sales and net income to make business decisions and evaluate performance. The CODM uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the Peripherals segment or into other parts of the entity, such as for acquisitions, share repurchase or to pay dividends. The CODM also monitors budget versus actual net income results.
The following table presents segment revenue, gross profit, and net income for the periods presented:
Years Ended March 31,
202620252024
Net sales
$4,840,761 $4,554,900 $4,298,467 
Less: Significant segment expenses
Cost of goods sold (1)
2,731,776 2,572,724 2,501,414 
Marketing and selling (1)
774,098 774,036 694,530 
Research and development (1)
293,317 288,828 269,407 
General and administrative (1)
130,809 144,680 133,787 
Less: other segment items
  Share-based compensation expense112,392 89,913 82,889 
  Amortization of intangible assets and acquisition-related costs13,315 20,249 21,962 
  Interest income
(48,246)(54,997)(50,636)
  Other (2)
6,781 12,595 23,518 
  Provision for income taxes
115,332 75,343 9,453 
Net income
$711,187 $631,529 $612,143 
(1) The difference between the amounts included in the table above and the amounts included in the consolidated
statements of operations is related to share-based compensation expense (see Note 4).
(2) Includes restructuring charges, net, impairment of intangible assets, change in fair value of contingent
consideration for business acquisition, and other income (expense), net, as applicable.
Sales by product category for fiscal years 2026, 2025 and 2024 were as follows (in thousands):
 Years Ended March 31,
 202620252024
Gaming (1)
$1,414,206 $1,338,467 $1,231,063 
Keyboards & Combos937,551 882,643 821,441 
Pointing Devices858,904 788,784 742,987 
Video Collaboration689,040 626,000 609,361 
Webcams326,172 315,520 325,225 
Tablet Accessories336,189 299,540 254,060 
Headsets179,825 179,710 168,478 
Other (2)
98,874 124,236 145,852 
Total Sales$4,840,761 $4,554,900 $4,298,467 
(1) Gaming includes streaming services revenue generated by Streamlabs.
(2) Other primarily consists of mobile speakers and PC speakers.
Sales by geographic region (based on the customers' locations) for fiscal years 2026, 2025 and 2024 were as follows (in thousands):
 Years Ended March 31,
 202620252024
Americas$1,955,191 $1,973,374 $1,896,258 
EMEA1,539,065 1,413,855 1,301,515 
Asia Pacific1,346,505 1,167,671 1,100,694 
Total Sales$4,840,761 $4,554,900 $4,298,467 
Revenue from sales to customers in the United States represented 33%, 35% and 36% of sales in fiscal years 2026, 2025 and 2024, respectively. Revenue from sales to customers in Germany represented 12%, 12% and 14% of sales in fiscal years 2026, 2025 and 2024, respectively. Revenue from sales to customers in China represented 12%, 10% and 10% of sales in fiscal years 2026, 2025 and 2024, respectively. No other country represented more than 10% of sales during these periods presented herein. Revenue from sales to customers in Switzerland, the Company's country of domicile, represented 4%, 3%, and 2% of sales for fiscal year 2026, 2025 and 2024, respectively.
Property, plant and equipment, net (excluding software) and right-of-use assets by geographic region were as follows (in thousands):
 March 31,
 20262025
Americas$59,103 $61,521 
EMEA48,119 47,874 
Asia Pacific65,089 60,710 
Total $172,311 $170,105 
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.