Corsair Gaming (NASDAQ:CRSR) Announces Earnings Results

Corsair Gaming (NASDAQ:CRSR) announced its quarterly earnings data on Thursday. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 business had revenue of $367.03 million for the quarter, compared to the consensus estimate of $336.62 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s revenue 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 Trading Down 7.5%

Shares of NASDAQ CRSR traded down $0.96 during trading hours on Friday, hitting $11.84. 2,787,980 shares of the company traded hands, compared to its average volume of 1,997,007. The company’s 50 day moving average price is $13.17 and its 200 day moving average price is $9.14. Corsair Gaming has a 12 month low of $4.48 and a 12 month high of $14.98. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 39.47 and a beta of 1.95. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CRSR shares. The Goldman Sachs Group lowered shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 target price for the company. in a report on Wednesday, August 19th. Roth Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a research report on Friday, August 7th. Robert W. Baird set a $12.00 price objective on shares of Corsair Gaming in a research note on Friday, August 7th. B. Riley Financial boosted their target price on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.14.

Corsair Gaming News Summary

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.