Corsair Gaming (NASDAQ:CRSR) Issues Earnings Results

Corsair Gaming (NASDAQ:CRSR) released its quarterly earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01, FiscalAI reports. The company had revenue of $367.03 million for the quarter, compared to analyst estimates of $336.62 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%. Corsair Gaming’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. Corsair Gaming updated its FY 2026 guidance to 0.890-0.940 EPS and its Q4 2026 guidance to 0.260-0.310 EPS.

Here are the key takeaways from Corsair Gaming’s conference call:

• Corsair beat its third-quarter guidance: revenue rose 6% to $367 million, adjusted EBITDA increased 38% to $22.4 million, and non-GAAP EPS more than doubled to $0.13. The company raised its full-year revenue and adjusted EBITDA outlook.
• Gaming peripherals and creator revenue grew 3%, with launches delayed into Q4 and a $6–$7 million backlog expected to support double-digit segment growth next quarter. Management also cited demand catalysts including GTA VI-related interest, sim racing, and new Elgato products.
• Memory revenue surged 43% to a third-quarter record, helping offset continued weakness in DIY components, where elevated memory prices are delaying customer builds. Memory supply remains tight, and Corsair expects Q4 memory gross margin to fall to 18%–20% from an unusually high 35% a year earlier, weighing on year-over-year adjusted EBITDA.
• Corsair ended the quarter with $136.2 million in cash and restricted cash after spending on acquisitions and increasing inventory by $80 million sequentially to prepare for holiday demand. Management said it will continue to closely manage inventory, collections, and vendor terms.

Corsair Gaming Stock Down 7.5%

Shares of CRSR traded down $0.96 during midday trading on Friday, reaching $11.84. The stock had a trading volume of 2,787,980 shares, compared to its average volume of 1,997,007. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. Corsair Gaming has a 1-year low of $4.48 and a 1-year high of $14.98. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 39.47 and a beta of 1.95. The company’s fifty day simple moving average is $13.17 and its two-hundred day simple moving average is $9.14.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a report on Friday, August 7th. Weiss Ratings upgraded Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Roth Capital restated a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a report on Friday, August 7th. Zacks Research cut Corsair Gaming from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, The Goldman Sachs Group cut shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 price objective for the company. in a research note on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.14.

Key Corsair Gaming News

Here are the key news stories impacting Corsair Gaming this week:

• Positive Sentiment: Q3 revenue rose 6.1% year over year to $367.0 million, above the $336.6 million consensus, while EPS of $0.13 narrowly beat the $0.12 estimate. Corsair Q3 results
• Positive Sentiment: Full-year 2026 EPS guidance was raised to $0.89–$0.94, above the $0.85 consensus, and revenue guidance of $1.5 billion also topped analysts’ $1.4 billion estimate. Corsair guidance
• Positive Sentiment: Barclays maintained an “overweight” rating and its revised $14 target implies about 18% upside from the cited $11.84 price, despite lowering the target from $15. Barclays rating information
• Neutral Sentiment: Q4 guidance brackets consensus: EPS of $0.26–$0.31 versus $0.27 expected, and revenue of $420–$450 million versus $436.5 million expected. Corsair Q4 guidance
• Neutral Sentiment: Corsair introduced Dark Cherry Blossom versions of its TC500 and TC100 gaming chairs; the product launch may add to its lineup, but no expected financial impact was reported. Gaming chair launch
• Negative Sentiment: Barclays’ price-target cut from $15 to $14 is a modest negative signal, although the firm kept its overweight rating. Barclays rating information

About Corsair Gaming

Corsair Gaming, Inc develops and sells hardware, peripherals, systems and accessories for gamers, content creators and PC enthusiasts. Its product portfolio includes keyboards, mice, headsets, streaming equipment, gaming furniture, computer components, custom-built PCs and related software.

The company markets products under the Corsair brand and through brands including Elgato, SCUF Gaming, ORIGIN PC and Drop. Elgato focuses on tools for content creation and live streaming, SCUF Gaming produces customizable game controllers, ORIGIN PC builds custom gaming computers, and Drop offers enthusiast-oriented mechanical keyboards and other computer accessories.

Founded in 1994, Corsair serves customers globally through retailers, distributors, online marketplaces and its direct-to-consumer websites.