Corsair Gaming (NASDAQ:CRSR) Announces Earnings Results

Corsair Gaming (NASDAQ:CRSR) announced its quarterly earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01, FiscalAI reports. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%. The company had revenue of $367.03 million during the quarter, compared to the consensus estimate of $336.62 million. During the same period in the previous year, the business earned $0.06 EPS. Corsair Gaming’s revenue for the quarter was up 6.1% on a year-over-year basis. 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 Performance

Shares of NASDAQ CRSR traded down $0.52 during midday trading on Thursday, reaching $12.80. 3,487,434 shares of the company were exchanged, compared to its average volume of 1,197,502. The stock has a market cap of $1.38 billion, a P/E ratio of 42.67 and a beta of 1.95. Corsair Gaming has a 1 year low of $4.48 and a 1 year high of $14.98. The stock has a fifty day simple moving average of $13.17 and a 200 day simple moving average of $9.14. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17.

Corsair Gaming News Summary

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

• Positive Sentiment: Q3 beat: Corsair reported adjusted earnings of $0.13 per share versus the $0.12 consensus, while revenue of $367.0 million exceeded the $336.6 million estimate and rose 6.1% year over year. Corsair Beats Q3 Guidance as Revenue Grows 6% Year-over-Year
• Positive Sentiment: Raised full-year outlook: 2026 EPS guidance is $0.89–$0.94, above the $0.85 consensus, and revenue guidance is $1.5 billion versus analysts’ $1.4 billion estimate. Corsair Beats Q3 Guidance as Revenue Grows 6% Year-over-Year
• Neutral Sentiment: Q4 forecast is close to expectations: EPS guidance of $0.26–$0.31 brackets the $0.27 consensus; revenue guidance of $420–$450 million also brackets the $436.5 million estimate, suggesting no major near-term forecast surprise. Corsair Q3 and nine-month results
• Neutral Sentiment: Corsair introduced Dark Cherry Blossom versions of its TC500 and TC100 gaming chairs, adding new products but with no disclosed financial impact. Corsair launches new gaming chairs
• Neutral Sentiment: A separate valuation article characterized CRSR as reasonably priced based on cash flow; the headline alone provides no specific estimates or new company results. Corsair stock looks reasonably priced on cash flow

Wall Street Analysts Forecast Growth

CRSR has been the topic of several research analyst reports. Wall Street Zen raised Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Zacks Research downgraded Corsair Gaming from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Craig Hallum restated a “hold” rating on shares of Corsair Gaming in a research report on Friday, August 7th. Roth Capital reaffirmed a “buy” rating and issued a $16.00 target price on shares of Corsair Gaming in a report on Friday, August 7th. Finally, B. Riley Financial lifted their target price on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.29.

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.