March 5 (Reuters) - Logitech International will

buy back $2 billion worth of shares over the next three years,

and will increase its current buyback program by $600 million,

the computer parts maker said on Wednesday as it confirmed its

2025 outlook.

The company also forecast fiscal year 2026 sales to range

from $4.53 billion to $4.71 billion, indicating potential growth

in the range of 1% to 3% in U.S. dollars.

The Swiss-American company, which enjoyed a sales surge

during the pandemic lockdown, previously said it expected its

2025 sales to grow by 5.4% to 6.4% to reach $4.54 to $4.57

billion.

Logitech raised its full-year forecast in late January,

boosted by higher sales and profit for its important pre-holiday

quarter.

Logitech announced the figures at its investor day in San

Jose, California, where it said that it aims for long-term

annual sales growth of 7% to 10%, with a non-GAAP gross margin

above 40% and operating margin of 15% to 18%.

"We are market leaders in our core categories with a clear

strategy to extend that leadership, a credible plan to enter new

verticals and adjacencies, and AI as a force multiplier," said

CEO Hanneke Faber.

The company has returned to sales growth after a

pandemic-driven boom was followed by a downturn. Logitech now

aims to sell its products in areas such as education and

healthcare to expand its traditional consumer base among home

computer users, gamers and businesses.

Logitech wants to sell more of its products directly to

businesses in future. Its recent products include a computer

mouse with a prompt builder button which connects the user to

artificial intelligence platforms such as ChatGPT.

(Reporting by John Revill and Bipasha Dey; Editing by Varun H

K)