Earnings Surge 11% in One Day... IT Stocks Gain 3 Trillion Won

Logitech International SA (NASDAQ: LOGI) surged 10.94% on the New York Stock Exchange on the 28th, closing at $123.99—approximately ₩174,000. Its market capitalization jumped to about $17.8 billion (roughly ₩25 trillion), adding around $2.19 billion (about ₩3 trillion) in a single day. Trading volume reached 2,447,849 shares.

In its fourth quarter and full fiscal year 2026 results announced on May 5, Logitech reported revenue of $4.84 billion (approximately ₩6.8 trillion) and GAAP earnings per share of $4.80, marking year-over-year growth of 6% and 16%, respectively. ()

As of May 15, short interest stood at 10.68% of shares outstanding, underscoring the stock’s heightened volatility amid elevated short positions and improving fundamentals. ()

Headquartered in Switzerland, Logitech is a global PC peripherals and gaming accessories company, marketing products such as mice, keyboards, webcams, and headsets worldwide. ()

The company is widely recognized as a leading global IT hardware firm benefiting from the long-term tailwinds of remote work expansion, e-sports growth, and the creator economy.