On May 22, Logitech rose 5.2% in regular trading, trading at $111.41/share, with trading volume of $70.60 million. Multiple positive catalysts converged to drive the stock higher.

On the news front, Logitech reported full-year revenue of $4.84 billion, up 6% year-over-year, with net income attributable to shareholders reaching $711 million, a 12.61% increase. Earnings per share came in at $4.85. Notably, China revenue growth exceeded 20% for three consecutive quarters, making the region the company's second-largest market globally. In addition to the earnings beat, the company announced a dividend increase alongside a share repurchase program, providing further support to investor sentiment.

Within the Technology Hardware, Storage & Peripherals sector, Dell Technologies Inc. led gains at 15.05%, followed by IONQ Inc. up 8.0%, Apple up 1.91%, Seagate Technology up 0.47%, while SanDisk Corp. declined 1.64%.

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