v3.26.3
Segment Information
 6 Months Ended
Sep. 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
September 30,		Six Months Ended
September 30,
2026202520262025
Net sales
$1,218,838 $1,186,056 $2,446,072 $2,333,759 
Less: Significant segment expenses
Cost of goods sold (1)
667,793 666,059 1,284,210 1,330,271 
Marketing and selling (1)
209,221 186,852 417,145 368,718 
Research and development (1)
77,082 70,444 155,108 138,680 
General and administrative (1)
33,844 32,656 68,337 64,286 
Less: other segment items
  Share-based compensation expense28,549 30,312 58,181 63,140 
  Amortization of intangible assets and acquisition-related costs1,484 4,000 3,105 8,795 
  Interest income
(12,441)(11,828)(26,540)(23,057)
  Other (2)
(5,190)4,506 (7,550)5,386 
  Provision for income taxes
38,461 32,385 78,344 60,855 
Net income
$180,035 $170,670 $415,732 $316,685 
(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 and six months ended September 30, 2026 and 2025 were as follows (in thousands):

Three Months Ended
September 30,		Six Months Ended
September 30,
2026202520262025
Gaming (1)
$349,252 $323,305 $703,482 $639,180 
Keyboards & Combos246,442 235,870 474,240 458,362 
Pointing Devices230,397 221,094 457,709 416,874 
Video Collaboration188,446 167,677 373,706 334,393 
Webcams75,648 83,301 152,229 167,676 
Tablet Accessories57,959 85,061 147,354 176,288 
Headsets46,052 43,498 90,185 89,020 
Other (2)
24,642 26,250 47,167 51,966 
Total Sales$1,218,838 $1,186,056 $2,446,072 $2,333,759 
(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 and six months ended September 30, 2026 and 2025 were as follows (in thousands):
Three Months Ended
September 30,		Six Months Ended
September 30,
2026202520262025
Americas$524,288 $462,736 $1,040,204 $924,426 
EMEA355,174 382,377 698,906 729,217 
Asia Pacific339,376 340,943 706,962 680,116 
Total Sales$1,218,838 $1,186,056 $2,446,072 $2,333,759 
 
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 and six months ended September 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 and six months ended September 30, 2026, and 4% of the Company's total consolidated sales for each of the three and six months ended September 30, 2025.

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

Property, plant and equipment, net (excluding software) and right-of-use assets by geographic region were as follows (in thousands):
September 30, 2026March 31, 2026
Americas$58,147 $59,103 
EMEA48,373 48,119 
Asia Pacific78,035 65,089 
Total$184,555 $172,311 

Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China, were $54.6 million and $55.0 million, respectively, as of September 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 $23.1 million and $25.0 million as of September 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 September 30, 2026 or March 31, 2026.