v3.26.1
Segment Information
 3 Months Ended
Jun. 30, 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, significant segment expenses, and net income for the periods presented (in thousands):
Three Months Ended
June 30,
20262025
Net sales
$1,227,234 $1,147,703 
Less: Significant segment expenses
Cost of goods sold (1)
616,417 664,212 
Marketing and selling (1)
207,924 181,866 
Research and development (1)
78,026 68,236 
General and administrative (1)
34,493 31,630 
Less: other segment items
  Share-based compensation expense29,632 32,828 
  Amortization of intangible assets and acquisition-related costs1,621 4,795 
  Interest income
(14,099)(11,229)
  Other (2)
(2,360)880 
  Provision for income taxes
39,883 28,470 
Net income
$235,697 $146,015 
(1) The difference between the amounts included in the table above and the amounts included in the condensed consolidated statements of operations is related to share-based compensation expense (see Note 3).
(2) Includes restructuring charges, net, and other income (expense), net.

Sales by product category for the three months ended June 30, 2026 and 2025 were as follows (in thousands):

Three Months Ended
June 30,
 20262025
Gaming (1)
$354,230 $315,875 
Keyboards & Combos227,798 222,492 
Pointing Devices227,312 195,780 
Video Collaboration185,260 166,716 
Webcams76,581 84,374 
Tablet Accessories89,395 91,227 
Headsets44,133 45,523 
Other (2)
22,525 25,716 
Total Sales$1,227,234 $1,147,703 
(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 the three months ended June 30, 2026 and 2025 were as follows (in thousands):
Three Months Ended
June 30,
20262025
Americas$515,916 $461,690 
EMEA343,732 346,840 
Asia Pacific367,586 339,173 
Total Sales$1,227,234 $1,147,703 
 
Revenue from sales to customers in the United States, China and Germany each represented 10% or more of the total consolidated sales for each of the three months ended June 30, 2026 and 2025. No other countries represented 10% or more of the Company’s total consolidated sales for the periods presented herein.

Switzerland, the Company’s country of domicile, represented 3% of the Company's total consolidated sales for each of the three months ended June 30, 2026 and 2025.

Three customers of the Company each represented 10% or more of the total consolidated gross sales for each of the three months ended June 30, 2026 and 2025.

Property, plant and equipment, net (excluding software) and right-of-use assets by geographic region were as follows (in thousands):
June 30, 2026March 31, 2026
Americas$57,167 $59,103 
EMEA46,765 48,119 
Asia Pacific62,260 65,089 
Total$166,192 $172,311 

Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China, were $55.6 million and $45.4 million, respectively, as of June 30, 2026. 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 Switzerland, the Company’s country of domicile, were $24.3 million and $25.0 million as of June 30, 2026 and March 31, 2026, respectively. No other countries represented more than 10% of the Company’s total property, plant and equipment, net (excluding software) and right-of-use assets as of June 30, 2026 or March 31, 2026.