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…
Earnings analysis · 10-Q
CRSR earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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…
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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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.27
- Segment
- Gamer and Creator Peripherals
- Segment
- Gaming Components and Systems
What stood out
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Earnings Exceeded Expectations
Actual EPS was $0.27 against estimates of $0.17, resulting in a surprise of 58.8%.
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Improved Gross Margin
Gross margin improved to 32.7%, up from 27.7% YoY, primarily due to favorable product mix and price adjustments.
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Gamer and Creator Peripherals Growth
This segment saw revenue growth of 10.1% to $123.3 million, driven by new product introductions.
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Operating Cash Flow Growth
Operating cash flow increased to $29.7 million, up from $18.8 million in Q1 2025.
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Net Income Turnaround
Net income of $13.1 million compared to a net loss of $10.3 million in Q1 2025.
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Reduction in Interest Expense
Interest expense decreased by 36.8% to $1.7 million from $2.7 million a year ago.
What to watch
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Decreased Revenue from Components
Gaming Components and Systems revenue declined by 10.3%, indicating weaker demand in the self-built PC market.
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Global Macroeconomic Challenges
Ongoing trade and tariff impacts, particularly from increased tariffs imposed on imports, which may elevate costs.
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Semiconductor Shortage
Continued global semiconductor shortages may constrain production and increase costs, affecting product availability.
Management's outlook
Guidance reflects anticipated revenue decline due to macroeconomic conditions and semiconductor shortages.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.