revenue growth
—
FY 2020
official guidance
USA COMPRESSION PARTNERS, LP
Last · TXSE$24.88+0.02 (+0.08%)live · yahoo · 1h ago
Market cap$3.61B144.9M sh
P/E · TTM23.5fwd 15.3 · eps 1.06
Beta—vs S&P 500
Div yield8.45%annual · TTM
52w range
$21.85$30.55
Volume154.9Ksession
| Revenue | $673.4M |
|---|---|
| Operating income | $191.8M |
| Net income | $84.0M |
| Free cash flow | $170.2M |
| Operating margin | 28.5% |
| Net margin | 12.5% |
| Return on equity | 29.3% |
| Period | 2026 |
Loading chart…
OpenFilings analyst
Our analyst
Agentic read of the latest earnings call — recommendation updates when we process a new transcript. Research synthesis, not investment advice.
Strong BuyBuyHoldSellStrong Sell
Strong execution and category momentum are offset by tariff risk and no guidance upgrade.
Logitech delivered a strong Q2—sales rose 6% constant currency to $720 million, non-GAAP operating profit increased 6% to $89 million, and gross margin expanded 80 bps to 38.4%, led by 60% growth in video collaboration. However, management only reaffirmed fiscal 2020 guidance of mid- to high-single-digit constant-currency sales growth and $375–$385 million of non-GAAP operating income, while September tariffs imply roughly a 1-point sequential Q3 gross-margin headwind and December tariffs remain excluded. The secular thesis is intact, but the unchanged outlook and tariff exposure argue for waiting after the stock’s strong run.
Themes
- Video Collaboration
- Gaming
- Tariffs
- Gross Margin
- Streamlabs
- Channel Inventory
Near term
Video collaboration momentum should remain the key upside driver, although management explicitly cautioned that Q2’s 60% growth rate is not sustainable quarter to quarter.
Gaming comparisons ease as the Fortnite-related benefit rolls off, with headset demand and new console launches potential catalysts into calendar 2020.
September tariffs are expected to pressure Q3 gross margin by approximately 1 percentage point sequentially; December tariffs are not included in guidance.
U.S. channel disruption from price increases should normalize over 30–90 days, with management expecting buying patterns to be fully normalized during Q3.
Longer term
Video collaboration remains the strongest structural growth engine, with management targeting a $1 billion sales opportunity and continuing to expand its enterprise sales force.
Streamlabs adds a higher-margin software and services layer to Logitech’s webcams, microphones, keyboards, and mice ecosystem, but the acquisition was not yet closed and financial contribution was unquantified.
Gaming’s underlying market remains attractive, with double-digit growth outside headsets and potential headset upgrades from the large prior-year installed base.
The diversified product portfolio helps offset category cycles, but mobile speakers and tablets/accessories remain declining businesses and require successful replacement growth.
Red flags
Fiscal guidance was reaffirmed rather than raised despite the strong quarter, and the $375–$385 million operating-income target does not include potential December tariff costs.
Management declined to quantify the price increases or the portion of tariffs they offset, leaving uncertainty over elasticity and the durability of gross-margin protection.
Management would not quantify video-collaboration visibility or Streamlabs revenue potential, limiting confidence in the timing and scale of these growth initiatives.
Gaming growth was only 2% because headset comparisons remain difficult, while mobile speakers declined 24% and tablets/accessories declined 6%.
Forward outlook
OpenFilings analyst view from primary-source filings and earnings calls — not investment advice.
Upcoming earnings
1:30 PM UTC+1
Period
Sep 2026
Est. EPS
$0.37
Est. revenue
348.1M
Earnings transcripts
- Issuer IR
Q2 2025 earnings call transcript
USA COMPRESSION PARTNERS, LP
- Issuer IR
Q2 2025 earnings call transcript
USA COMPRESSION PARTNERS, LP
- Issuer IR
Q1 2025 earnings call transcript
USA COMPRESSION PARTNERS, LP
- Issuer IR
Q1 2025 earnings call transcript
USA COMPRESSION PARTNERS, LP
- Issuer IR
Q2 2024 earnings call transcript
USA COMPRESSION PARTNERS, LP
- Issuer IR
Q2 2024 earnings call transcript
USA COMPRESSION PARTNERS, LP
Documents
FormReporting forFiledFlags