Corsair Gaming (NASDAQ:CRSR) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Corsair Gaming (NASDAQ:CRSR) issued its earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.16, FiscalAI reports. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.30%. The business had revenue of $314.33 million for the quarter, compared to the consensus estimate of $310.47 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. 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 Price Performance

CRSR stock traded up $3.74 during trading on Friday, reaching $14.35. 9,509,699 shares of the company were exchanged, compared to its average volume of 1,554,504. The company has a market cap of $1.53 billion, a P/E ratio of 47.83 and a beta of 1.85. Corsair Gaming has a 52-week low of $4.48 and a 52-week high of $14.58. The stock’s 50 day moving average price is $9.67 and its 200 day moving average price is $7.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.74.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. purchased a new stake in shares of Corsair Gaming during the 4th quarter worth approximately $37,000. Tower Research Capital LLC TRC increased its stake in Corsair Gaming by 245.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock valued at $49,000 after purchasing an additional 3,681 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Corsair Gaming in the 4th quarter valued at approximately $62,000. BNP Paribas Financial Markets raised its holdings in Corsair Gaming by 24.7% during the second quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock worth $74,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Corsair Gaming during the second quarter worth $97,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CRSR. Roth Capital reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Corsair Gaming in a report on Friday. B. Riley Financial increased their target price on Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings raised Corsair Gaming from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Wedbush lifted their price target on Corsair Gaming from $8.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Craig Hallum restated a “hold” rating on shares of Corsair Gaming in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.29.

Key Corsair Gaming News

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.