Corsair Gaming (NASDAQ:CRSR) Hits New 12-Month High Following Earnings Beat

Corsair Gaming, Inc. (NASDAQ:CRSR) shares reached a new 52-week high on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $14.24 and last traded at $14.2380, with a volume of 1709288 shares changing hands. The stock had previously closed at $10.61.

The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.16. Corsair Gaming had a net margin of 0.71% and a return on equity of 9.71%. The company had revenue of $314.33 million during the quarter, compared to the consensus estimate of $310.47 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Corsair Gaming’s revenue for the quarter was down 1.8% on a year-over-year basis. Corsair Gaming has set its FY 2026 guidance at 0.850-0.940 EPS and its Q3 2026 guidance at 0.090-0.120 EPS.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wedbush lifted their price target on Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday. Zacks Research upgraded shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Corsair Gaming from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Barclays upped their target price on shares of Corsair Gaming from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, B. Riley Financial increased their target price on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.29.

Hedge Funds Weigh In On Corsair Gaming

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Corsair Gaming by 245.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock valued at $49,000 after acquiring an additional 3,681 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Corsair Gaming during the fourth quarter worth about $37,000. 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 purchasing an additional 1,551 shares during the period. Cetera Investment Advisers acquired a new stake in Corsair Gaming in the first quarter valued at about $56,000. Finally, Lazard Asset Management LLC purchased a new stake in Corsair Gaming in the 2nd quarter valued at approximately $97,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Price Performance

The company has a market cap of $1.50 billion, a price-to-earnings ratio of 173.73 and a beta of 1.85. The company has a 50-day simple moving average of $9.63 and a 200-day simple moving average of $7.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.74.

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.