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

Corsair Gaming (NASDAQ:CRSR) released its quarterly 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 firm had revenue of $354.51 million during the quarter, compared to the consensus estimate of $351.58 million. Corsair Gaming had a net margin of 0.71% and a return on equity of 9.85%. The company’s revenue for the quarter 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%

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

Wall Street Analyst Weigh In

CRSR has been the subject of several analyst reports. Wedbush raised their price target on shares of Corsair Gaming from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Friday. Barclays reiterated an “overweight” rating and set a $9.00 price objective on shares of Corsair Gaming in a research report 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 research report on Friday, February 13th. Robert W. Baird set a $6.00 price target on Corsair Gaming in a report on Friday, February 13th. Finally, Zacks Research downgraded Corsair Gaming from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Four research analysts have rated the stock with 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 “Hold” and an average price target of $8.33.

Key Corsair Gaming News

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 Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its stake in 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 acquiring an additional 1,551 shares in the last quarter. Legal & General Group Plc boosted its stake in Corsair Gaming by 1.3% during the second quarter. Legal & General Group Plc now owns 122,484 shares of the company’s stock worth $1,155,000 after acquiring an additional 1,592 shares in the last quarter. Prudential Financial Inc. boosted its stake in Corsair Gaming by 4.9% during the second quarter. Prudential Financial Inc. now owns 47,932 shares of the company’s stock worth $452,000 after acquiring an additional 2,246 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Corsair Gaming by 15.8% during the second quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company’s stock worth $238,000 after acquiring an additional 3,454 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Corsair Gaming by 245.9% during the second quarter. Tower Research Capital LLC TRC now owns 5,178 shares of the company’s stock worth $49,000 after acquiring an additional 3,681 shares in the last quarter. 25.66% of the stock is owned by institutional investors.

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.