Corsair Gaming (NASDAQ:CRSR) Announces Earnings Results, Beats Estimates By $0.01 EPS

Corsair Gaming (NASDAQ:CRSR) posted its quarterly earnings data on Thursday. The company reported $0.13 earnings per share (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 firm had revenue of $367.03 million for the quarter, compared to the consensus estimate of $336.62 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. 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 Stock Performance

CRSR stock opened at $11.84 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $13.17 and a 200-day moving average price of $9.17. The firm has a market cap of $1.28 billion, a PE ratio of 32.00 and a beta of 1.95. Corsair Gaming has a 1-year low of $4.48 and a 1-year high of $14.98.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CRSR shares. Wall Street Zen upgraded shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 1st. B. Riley Financial raised their price target on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Wedbush upped their price objective on Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Barclays lowered their target price on shares of Corsair Gaming from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Robert W. Baird set a $12.00 price objective on Corsair Gaming in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.14.

Key Corsair Gaming News

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.