Corsair Gaming (NASDAQ:CRSR) Posts Earnings Results

Corsair Gaming (NASDAQ:CRSR) posted its quarterly earnings data on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09, FiscalAI reports. The business had revenue of $354.51 million for the quarter, compared to analysts’ expectations of $351.58 million. Corsair Gaming had a return on equity of 9.85% and a net margin of 0.71%.The business’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share.

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

• Record gross margin (32.7%), adjusted EBITDA of $35.8M (up 58% YoY) and improved EPS, plus generated $29.7M cash from operations and reached a near 0 net debt position while repurchasing ~$5M of stock.
• Gamer & creator peripherals showed structural growth (10% YoY) driven by the Stream Deck ecosystem and double-digit sequential growth in new Elgato marketplace accounts and digital products, with Stream Deck integration across Corsair hardware.
• Gaming components and systems revenue fell ~10% YoY due to a non-GPU upgrade cycle, weak memory pricing and semiconductor supply constraints that the company expects to persist into the near term (potentially easing in 2027).
• Higher-margin mix is improving as DTC rose to 20% of revenue (from 17%), with a stated goal of 25%, helping lift blended gross margin and supporting the company’s shift toward recurring and higher-margin channels.
• Q2 guidance calls for revenue of $295M–$320M and adjusted EBITDA of $12.5M–$15.5M (with reaffirmed full-year guidance), reflecting seasonal patterns and management’s cautious posture given macro and semiconductor uncertainty.

Corsair Gaming Trading Up 11.1%

Shares of CRSR stock traded up $0.79 during mid-day trading on Friday, reaching $7.88. The company’s stock had a trading volume of 3,992,858 shares, compared to its average volume of 907,645. The company’s 50 day simple moving average is $5.94 and its 200-day simple moving average is $6.10. Corsair Gaming has a 12-month low of $4.48 and a 12-month high of $10.29. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $842.21 million, a PE ratio of 98.51 and a beta of 1.59.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Craig Hallum increased their target price on Corsair Gaming from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday. Wedbush upped their price objective on shares of Corsair Gaming from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Friday. B. Riley Financial increased their price objective on shares of Corsair Gaming from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Zacks Research cut shares of Corsair Gaming from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Wall Street Zen downgraded shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.33.

Key Headlines Impacting Corsair Gaming

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

• Positive Sentiment: Wedbush raised its price target on Corsair Gaming to $8.00 from $7.00 and reiterated an outperform rating, signaling modest upside from recent trading levels. Benzinga
• Positive Sentiment: Craig Hallum increased its price target to $10.00 from $8.00 and maintained a buy rating, reflecting stronger confidence in Corsair’s growth and profitability outlook. Finviz
• Positive Sentiment: Corsair reported first-quarter earnings that beat expectations, with EPS of $0.27 versus $0.18 expected and revenue of $354.51 million versus $352.36 million expected, which helped reinforce the bullish reaction. MarketBeat Earnings Report
• Neutral Sentiment: The company also issued FY2026 revenue guidance of $1.3 billion to $1.5 billion, broadly framing investor expectations around the next year’s growth trajectory. Press Release

Institutional Trading of Corsair Gaming

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

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.