CRSR earnings analysis
What we found in CRSR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Corsair Gaming reported Q1 2026 results demonstrating resilience amid revenue challenges. Revenue of $354.5 million slightly declined 4.1% year-over-year, driven by a robust 10.1% increase in the Gamer and Creator Peripherals segment, offset by a 10.3% decrease in Gaming Components and Systems. The gross margin improved notably to 32.7% from 27.7% YoY, contributing to a net income of $13.1 million, a significant turnaround from last year's loss.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Earnings Exceeded Expectations
- Actual EPS was $0.27 against estimates of $0.17, resulting in a surprise of 58.8%.
- Improved Gross Margin
- Gross margin improved to 32.7%, up from 27.7% YoY, primarily due to favorable product mix and price adjustments.
- Gamer and Creator Peripherals Growth
- This segment saw revenue growth of 10.1% to $123.3 million, driven by new product introductions.
- Operating Cash Flow Growth
- Operating cash flow increased to $29.7 million, up from $18.8 million in Q1 2025.
- Net Income Turnaround
- Net income of $13.1 million compared to a net loss of $10.3 million in Q1 2025.
- Reduction in Interest Expense
- Interest expense decreased by 36.8% to $1.7 million from $2.7 million a year ago.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decreased Revenue from Components
- Gaming Components and Systems revenue declined by 10.3%, indicating weaker demand in the self-built PC market.
- Global Macroeconomic Challenges
- Ongoing trade and tariff impacts, particularly from increased tariffs imposed on imports, which may elevate costs.
- Semiconductor Shortage
- Continued global semiconductor shortages may constrain production and increase costs, affecting product availability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.27
- Gross margin
- 32.7%
- Operating margin
- 3.9%
- Segment
- Gamer and Creator Peripherals
- Segment
- Gaming Components and Systems
What they said about what is next.
Guidance reflects anticipated revenue decline due to macroeconomic conditions and semiconductor shortages.
The filing reads better than the one before it.
What came before.
- 10-K · February 25, 2026
- Corsair positions itself as a leading, software-enabled gaming and creator hardware platform that is prioritizing higher‑engagement Gamer and Creator Peripherals while continuing to manage its Gaming Components and…
- 10-Q · August 7, 2025
- Corsair reported Q2 net revenue of $320,112,000 (up $58,812,000 or 22.5% year‑over‑year vs $261,300,000) with gross profit of $85,871,000 (26.8% gross margin). Operating loss narrowed versus prior year to $16,923,000…
- 10-K · February 26, 2025
- Corsair positions itself as a market leader in high-performance gaming and creator hardware supported by two proprietary software ecosystems (iCUE and the Elgato streaming suite) and an expanded product footprint after…
- 10-Q · November 6, 2024
- Corsair reported Q3 2024 net revenue of $304,199 (as reported) versus $363,193 in Q3 2023, with gross profit down to $69,661 and an operating loss widening to $(20,944). Cash declined materially and the company…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing CRSR makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever