Corsair Gaming (NASDAQ:CRSR) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Corsair Gaming (NASDAQ:CRSR) announced its earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.09, FiscalAI reports. The company had revenue of $354.51 million during the quarter, compared to analyst estimates of $352.36 million. Corsair Gaming had a negative net margin of 0.87% and a positive return on equity of 6.71%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $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 Price Performance

Shares of CRSR stock traded down $0.17 during mid-day trading on Thursday, hitting $7.09. The company had a trading volume of 2,063,113 shares, compared to its average volume of 850,029. Corsair Gaming has a 52-week low of $4.48 and a 52-week high of $10.29. The stock’s 50 day moving average price is $5.94 and its 200-day moving average price is $6.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.54 and a quick ratio of 0.84. The company has a market capitalization of $757.78 million, a P/E ratio of -54.54 and a beta of 1.59.

Hedge Funds Weigh In On Corsair Gaming

Hedge funds have recently modified their holdings of the stock. Jain Global LLC purchased a new position in shares of Corsair Gaming in the third quarter worth $278,000. Graham Capital Management L.P. purchased a new stake in Corsair Gaming during the fourth quarter valued at $259,000. Sherbrooke Park Advisers LLC purchased a new stake in Corsair Gaming during the third quarter valued at $229,000. Campbell & CO Investment Adviser LLC purchased a new stake in Corsair Gaming during the fourth quarter valued at $223,000. Finally, Atom Investors LP purchased a new stake in Corsair Gaming during the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CRSR. Zacks Research lowered shares of Corsair Gaming from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Wall Street Zen upgraded shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Robert W. Baird set a $6.00 price target on shares of Corsair Gaming in a research report on Friday, February 13th. Wedbush reiterated an “outperform” rating and issued a $7.00 price target on shares of Corsair Gaming in a research report on Tuesday, February 17th. Finally, Craig Hallum reiterated a “buy” rating and issued a $8.00 price target on shares of Corsair Gaming in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.71.

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.