Corsair Gaming (CRSR) Earnings Date & Reports

Key Takeaways

• Net revenue reached $367.0 million, up 6% year over year and roughly $17 million above the high end of the company's guidance range.
• Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) climbed 38% year over year to $22.4 million, also beating guidance.
• Non-GAAP diluted EPS (earnings per share) rose to $0.13 from $0.06 a year earlier, above the top of the guided range.
• The memory business led the quarter, with revenue up 43% to $167.3 million on strong demand and sequential share gains.
• GAAP net loss narrowed to $2.4 million from $10.4 million, while Corsair raised its full-year 2026 outlook.
• You can find additional details on the company's Major News, Today's Price Move, Price Targets, and Forecast pages.
• For automated trading ideas and AI-driven market insights, explore Trending AI Robots.

Earnings Context and Why It Matters

Corsair's third quarter of 2026 arrived against a backdrop of elevated memory pricing that has been pressuring the broader do-it-yourself (DIY) PC market, even as demand for the company's own memory products has strengthened. The report mattered to investors because it offered a clearer read on whether Corsair could convert its supply-chain advantages and diversified portfolio into meaningful operating leverage. Prior quarters showed profit momentum building, with gross margin and adjusted EBITDA improving year over year. This quarter's results also carried weight because they set up the seasonally critical holiday period, when the company historically generates a large share of its annual revenue and profit.

Reported Results

Corsair reported third quarter 2026 net revenue of $367.0 million, up 6% year over year and above the high end of its guided range of $320 million to $350 million. Gross profit increased 5% to $97.8 million, with gross margin at 26.7%, compared with 26.9% a year ago. GAAP operating loss narrowed to $1.6 million from $5.6 million, and the GAAP net loss improved to $2.4 million from $10.4 million. GAAP diluted loss per share was $0.02, versus a loss of $0.09 a year earlier.

On an adjusted basis, EBITDA rose 38% to $22.4 million, exceeding the guided high end of $21.0 million, and adjusted EBITDA margin expanded to 6.1% from 4.7%. Non-GAAP diluted EPS came in at $0.13, up from $0.06 and above the high end of the $0.09 to $0.12 guided range, which also topped the consensus estimate of approximately $0.12.

By segment, Gaming Components and Systems revenue grew 7% to $250.5 million, driven by a 43% jump in memory revenue to $167.3 million. Gamer and Creator Peripherals revenue rose 3% to $116.5 million, held back by product-launch timing shifts into the fourth quarter. Cash and restricted cash stood at $136.2 million at quarter end.

AI Screener

Tickeron's AI Screener is an AI-powered stock and ETF discovery tool designed to help traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener is built to surface trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. For investors tracking names like Corsair, it offers a structured way to monitor shifting technical and fundamental conditions alongside earnings developments.

Market Reaction and Investor Sentiment

Investor sentiment heading into the report had been cautious, given persistent softness in the DIY PC build market caused by elevated memory prices. The results offered a counterpoint: memory demand, higher selling prices, and supply-chain execution lifted the Gaming Components and Systems segment, while disciplined expense control translated gross profit growth into a 38% gain in adjusted EBITDA. The company's decision to raise its full-year outlook signaled confidence in the holiday quarter. Still, the fourth-quarter guide embedded a note of caution, as management expects memory gross margin to normalize toward 18% to 20%, well below last year's unusually high fourth-quarter level of 35%.

Forward Outlook and Key Factors to Monitor

For the fourth quarter of 2026, Corsair guided net revenue to a range of $420 million to $450 million, adjusted EBITDA to $38 million to $42 million, and non-GAAP EPS to $0.26 to $0.31. Management expects double-digit year-over-year growth in Gamer and Creator Peripherals, led by Sim Racing, Elgato, and SCUF, supported by the arrival of products whose launches slipped into the fourth quarter.

Investors will be watching whether the backlog built during the third quarter converts into revenue, and how memory pricing and gross margin evolve through the holiday season. The company flagged that higher memory costs continue to weigh on DIY builds and standalone components across the industry, a dynamic worth monitoring alongside the GTA 6 launch momentum cited by management.

Longer term, Corsair pointed to its early-stage AI workstation initiative under the Corsair Pro family, with a more meaningful revenue contribution expected in the latter part of 2027 and beyond as semiconductor availability normalizes. The integration of the Trak Racer acquisition and continued direct-to-consumer progress are additional factors that could shape results in coming quarters.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations