Turtle Beach (NASDAQ:TBCH) Announces Quarterly Earnings Results

Turtle Beach (NASDAQ:TBCH) issued its quarterly earnings results on Thursday. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.35), FiscalAI reports. Turtle Beach had a return on equity of 1.29% and a net margin of 0.40%.The company had revenue of $42.17 million for the quarter.

Here are the key takeaways from Turtle Beach’s conference call:

• Q1 revenue fell to $42.2M from $63.9M a year ago, gross margin dropped to 26.8% (from 36.6%), adjusted EBITDA was a $6.5M loss and net loss was $15.2M, driven by channel inventory compression and promotional activity.
• Management reaffirmed full‑year 2026 guidance of $335M–$355M revenue and $44M–$48M adjusted EBITDA, calling for a back‑loaded year with sequential improvement starting in Q2 and a strong second half tied to new product placements and holiday demand.
• Company is accelerating its product pipeline (targeting >50% YoY growth in new launches), highlighted by the premium Stealth Pro II (CrossPlay 2.0, Hi‑Res, Dolby Atmos, ANC) which has pre‑orders more than double its predecessor, signaling early demand momentum.
• Turtle Beach refinanced credit facilities (up to $80M ABL and an $85M term loan) to enhance capital flexibility, has started share repurchases and has $56M remaining on its buyback authorization while carrying net debt of $41.3M.

Turtle Beach Stock Down 0.9%

Shares of NASDAQ:TBCH traded down $0.11 on Friday, hitting $12.29. 706,006 shares of the company’s stock were exchanged, compared to its average volume of 158,464. The firm’s 50-day moving average is $11.60 and its 200 day moving average is $13.07. The company has a market capitalization of $243.96 million, a PE ratio of 409.67, a P/E/G ratio of 0.88 and a beta of 2.26. Turtle Beach has a 1-year low of $9.81 and a 1-year high of $17.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.98.

Analyst Upgrades and Downgrades

TBCH has been the subject of several analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $15.00 price objective on shares of Turtle Beach in a research report on Friday. B. Riley Financial lowered their price objective on Turtle Beach from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turtle Beach in a research report on Friday, March 27th. Wedbush lowered their price objective on Turtle Beach from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $18.00 price objective (down from $20.00) on shares of Turtle Beach in a research report on Friday, March 13th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.80.

Turtle Beach News Roundup

Here are the key news stories impacting Turtle Beach this week:

• Negative Sentiment: Turtle Beach reported a Q1 loss of $0.78 per share, missing the consensus estimate of a $0.43 loss and worsening from a $0.03 loss a year ago. Article Title
• Negative Sentiment: Revenue came in at $42.2 million, below estimates of about $47.8 million and down 34% year over year, signaling continued demand weakness. Article Title
• Negative Sentiment: Gross profit fell sharply year over year, reflecting lower sales and weaker product mix, which can raise concerns about near-term profitability. Article Title

Insider Activity

In related news, Director Katherine Lee Scherping sold 19,902 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $11.62, for a total transaction of $231,261.24. Following the transaction, the director owned 14,465 shares in the company, valued at $168,083.30. This trade represents a 57.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Turtle Beach

Several large investors have recently modified their holdings of the company. Windward Management LP acquired a new stake in shares of Turtle Beach in the fourth quarter valued at approximately $24,073,000. Goldman Sachs Group Inc. boosted its holdings in shares of Turtle Beach by 328.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 596,508 shares of the company’s stock valued at $8,369,000 after acquiring an additional 457,125 shares during the period. Bank of America Corp DE acquired a new stake in shares of Turtle Beach in the second quarter valued at approximately $6,930,000. Dimensional Fund Advisors LP boosted its holdings in shares of Turtle Beach by 26.1% in the first quarter. Dimensional Fund Advisors LP now owns 437,882 shares of the company’s stock valued at $4,440,000 after acquiring an additional 90,677 shares during the period. Finally, Geode Capital Management LLC acquired a new stake in shares of Turtle Beach in the second quarter valued at approximately $5,438,000. 67.01% of the stock is owned by institutional investors and hedge funds.

About Turtle Beach

Turtle Beach Corporation (NASDAQ:TBCH) is a global developer, manufacturer and distributor of gaming audio peripherals, specializing in headsets, microphones and audio accessories for PC, console and mobile platforms. The company’s product lineup spans wired and wireless gaming headsets, mixing stations, sound cards and accessories designed to enhance the immersive experience for casual and professional gamers alike.

Founded in 1975 and headquartered in San Diego, California, Turtle Beach has built a longstanding reputation in audio innovation.