v3.25.4
Segment Information
 9 Months Ended
Dec. 31, 2025
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 (in thousands):
Three Months Ended
December 31,		Nine Months Ended
December 31,
2025202420252024
Net sales
$1,421,479 $1,340,294 $3,755,238 $3,544,545 
Less: Significant segment expenses
Cost of goods sold (1)
802,631 761,230 2,132,902 2,001,738 
Marketing and selling (1)
200,964 205,235 569,682 581,683 
Research and development (1)
73,057 72,930 211,737 213,636 
General and administrative (1)
32,428 34,953 96,714 106,336 
Less: other segment items
  Share-based compensation expense23,435 26,193 86,575 76,067 
  Amortization of intangible assets and
  acquisition-related costs
2,488 5,087 11,283 15,409 
  Interest income
(10,985)(12,176)(34,042)(42,603)
  Other (2)
(1,669)1,634 3,717 3,614 
  Provision for income taxes
48,091 45,061 108,946 101,202 
Net income
$251,039 $200,147 $567,724 $487,463 
(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 nine months ended December 31, 2025 and 2024 were as follows (in thousands):

Three Months Ended
December 31,		Nine Months Ended
December 31,
 2025202420252024
Gaming (1)
$482,714 $466,715 $1,121,894 $1,076,660 
Keyboards & Combos254,612 236,748 712,974 662,017 
Pointing Devices241,160 217,045 658,034 602,927 
Video Collaboration193,252 176,053 527,645 482,755 
Webcams82,268 84,419 249,944 237,572 
Tablet Accessories93,567 77,433 269,855 241,586 
Headsets45,939 45,886 134,959 137,038 
Other (2)
27,967 35,995 79,933 103,990 
Total Sales$1,421,479 $1,340,294 $3,755,238 $3,544,545 
(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 nine months ended December 31, 2025 and 2024 were as follows (in thousands):
Three Months Ended
December 31,		Nine Months Ended
December 31,
2025202420252024
Americas$556,358 $553,563 $1,480,784 $1,518,933 
EMEA485,731 454,665 1,214,948 1,116,368 
Asia Pacific379,390 332,066 1,059,506 909,244 
Total Sales$1,421,479 $1,340,294 $3,755,238 $3,544,545 
 
Revenue from sales to customers in the United States, Germany and China each represented 10% or more of the total consolidated sales for each of the three and nine months ended December 31, 2025 and 2024. 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 4% of the Company's total consolidated sales for each of the three and nine months ended December 31, 2025, and 3% of the Company's total consolidated sales for each of the three and nine months ended December 31, 2024.

Three customers of the Company each represented 10% or more of the total consolidated gross sales for each of the three and nine months ended December 31, 2025 and 2024.

Property, plant and equipment, net (excluding software) and right-of-use assets by geographic region were as follows (in thousands):
December 31, 2025March 31, 2025
Americas$60,604 $61,521 
EMEA50,494 47,874 
Asia Pacific62,222 60,710 
Total$173,320 $170,105 

Property, plant and equipment, net (excluding software) and right-of-use assets in the United States and China, were $59.1 million and $45.6 million, respectively, as of December 31, 2025. 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 $26.1 million and $24.1 million as of December 31, 2025 and March 31, 2025, 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 December 31, 2025 or March 31, 2025.