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

Corsair Gaming (NASDAQ:CRSR) released its quarterly earnings results on Thursday. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.07 by $0.16, FiscalAI reports. The company had revenue of $314.33 million for the quarter, compared to analyst estimates of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.30%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. 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 Trading Up 35.2%

CRSR stock traded up $3.74 during mid-day trading on Friday, hitting $14.35. 9,509,699 shares of the company were exchanged, 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. The firm has a market capitalization of $1.53 billion, a P/E ratio of 47.83 and a beta of 1.85. The business has a fifty day simple moving average of $9.67 and a 200-day simple moving average of $7.38. Corsair Gaming has a 12-month low of $4.48 and a 12-month high of $14.58.

Hedge Funds Weigh In On Corsair Gaming

Several large investors have recently made changes to their positions in CRSR. BNP Paribas Financial Markets lifted its position in Corsair Gaming by 24.7% in the second quarter. BNP Paribas Financial Markets now owns 7,819 shares of the company’s stock valued at $74,000 after acquiring an additional 1,551 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Corsair Gaming by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock valued at $1,155,000 after purchasing an additional 1,592 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Corsair Gaming by 4.9% in the 2nd quarter. Prudential Financial Inc. now owns 47,932 shares of the company’s stock valued at $452,000 after purchasing an additional 2,246 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Corsair Gaming by 15.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company’s stock valued at $238,000 after purchasing an additional 3,454 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in Corsair Gaming by 245.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after buying an additional 3,681 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CRSR shares. Robert W. Baird set a $12.00 target price on Corsair Gaming in a research report on Friday. Roth Capital restated a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a research report on Friday. Zacks Research raised shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Finally, Craig Hallum restated a “hold” rating on shares of Corsair Gaming in a research report on Friday. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.29.

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.

Corsair Gaming Company Profile

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.