Corsair Gaming (NASDAQ:CRSR – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.16, FiscalAI reports. Corsair Gaming had a return on equity of 13.30% and a net margin of 2.36%.The company had revenue of $314.33 million for the quarter, compared to analysts’ expectations of $310.47 million. During the same period last year, the firm earned $0.01 earnings per share. Corsair Gaming’s quarterly revenue was down 1.8% on a year-over-year basis. Corsair Gaming updated its FY 2026 guidance to 0.850-0.940 EPS and its Q3 2026 guidance to 0.090-0.120 EPS.
Here are the key takeaways from Corsair Gaming’s conference call:
- Q2 profitability and cash flow improved sharply: gross profit rose 21% year over year, gross margin reached a record 33.2%, adjusted EBITDA increased to $30.8 million, and operating cash flow jumped 148% to $74.8 million. Results included a $15.6 million tariff-refund benefit, so underlying performance was less robust but still exceeded the company’s guidance.
- Corsair raised its full-year 2026 outlook to revenue of $1.4 billion–$1.47 billion, adjusted EBITDA of $121 million–$131 million, and non-GAAP EPS of $0.85–$0.94. Management cited improving organic trends, Fanatec and Elgato momentum, North American memory share gains, and a projected Q4 Grand Theft Auto VI tailwind.
- Gamer and Creator Peripherals was the standout segment, with revenue up 13% and gross profit up 27%; gross margin expanded to 44.9%. Fanatec growth, the Trak Racer acquisition, Nissan licensing, and the expanding Elgato Marketplace are intended to strengthen higher-margin, direct-to-consumer and recurring-revenue opportunities.
- Gaming Components and Systems revenue declined 9% as elevated memory prices continued to delay DIY PC builds, and management expects the segment to remain down low double digits in the third quarter. Memory margins are expected to moderate from 23.4% in Q2 toward the high-teens in Q4.
- Corsair ended Q2 with approximately $75.1 million of net cash and is evaluating investments, acquisitions, and share repurchases. The company expects Trak Racer integration to take three to six months, while its AI workstation opportunity is still early and is not expected to contribute materially until late 2027 and beyond.
Corsair Gaming Stock Performance
CRSR traded up $3.74 on Friday, reaching $14.35. The company had a trading volume of 9,509,699 shares, compared to its average volume of 1,554,504. The company has a quick ratio of 0.95, a current ratio of 1.74 and a debt-to-equity ratio of 0.18. Corsair Gaming has a 1 year low of $4.48 and a 1 year high of $14.58. The stock has a market capitalization of $1.53 billion, a PE ratio of 47.83 and a beta of 1.85. The stock has a 50-day moving average price of $9.67 and a 200-day moving average price of $7.38.
Hedge Funds Weigh In On Corsair Gaming
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CRSR. Roth Capital reaffirmed a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a research report on Friday. Craig Hallum reissued a “hold” rating on shares of Corsair Gaming in a research report on Friday. Barclays boosted their target price on Corsair Gaming from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen raised Corsair Gaming from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Finally, B. Riley Financial increased their price target on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Corsair Gaming has an average rating of “Moderate Buy” and a consensus price target of $11.29.
View Our Latest Report on Corsair Gaming
Corsair Gaming News Summary
Here are the key news stories impacting Corsair Gaming this week:
- Positive Sentiment: Corsair reported second-quarter adjusted EPS of $0.23, well above the $0.07 analyst consensus, while revenue of approximately $314.3 million modestly exceeded expectations of $310.5 million. EPS increased from $0.01 in the year-ago quarter. Why Corsair Gaming Stock is Soaring Thursday
- Positive Sentiment: Record margins were a key catalyst for the rally, suggesting that Corsair is converting sales into profit more effectively and providing investors with greater confidence in its earnings recovery. Corsair Gaming jumps 34% as record margins, higher guidance fuel rally
- Positive Sentiment: Management raised fiscal 2026 EPS guidance to $0.85-$0.94, substantially above the $0.66 consensus estimate. Full-year revenue guidance of $1.4-$1.5 billion was at least in line with expectations, indicating that the earnings improvement is being driven primarily by profitability. Corsair Gaming Q2 2026 Earnings Call Transcript
- Positive Sentiment: Third-quarter guidance calls for EPS of $0.09-$0.12 and revenue of $320-$350 million, broadly consistent with analyst expectations and supporting the view that recent operating improvements can continue.
- Negative Sentiment: Second-quarter revenue declined 1.8% year over year, and the reported net margin remained thin at 0.71%. This leaves Corsair reliant on sustained margin expansion and cost control to justify the stock’s higher valuation.
About Corsair Gaming
Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.
The company’s solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.
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