Corsair Gaming Q1 revenue slightly beats analyst estimates

Corsair Gaming

07/05/2026 21:08

Overview

US gaming hardware maker's Q1 revenue slightly beat analyst expectations

Adjusted EPS for Q1 beat consensus, driven by margin expansion and cost discipline

Company repurchased $5 mln in shares under its buyback program

Outlook

Corsair sees Q2 net revenue between $295 mln and $320 mln

Company expects Q2 adjusted EBITDA of $12.5 mln to $15.5 mln

Corsair maintains full-year 2026 guidance

Result Drivers

PERIPHERALS GROWTH - Revenue in Gamer and Creator Peripherals rose 10% YoY, driven by strong demand for gaming peripherals, streaming components, and sim racing solutions, as well as new product launches and ecosystem expansion

MARGIN EXPANSION - Record gross margin of 32.7% attributed to shift toward higher-margin products and disciplined cost management

COMPONENTS WEAKNESS - Revenue in Gaming Components and Systems fell 10% YoY due to softer DIY PC demand, ongoing semiconductor supply constraints, and elevated pricing

Company press release: ID:nBw21bTX5a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$354.51 mln
$352.37 mln (8 Analysts)
Q1 Adjusted EPS
Beat
$0.27
$0.17 (8 Analysts)
Q1 Net Income
$13.06 mln
Q1 Gross Profit
$116.03 mln
Q1 Operating income
$13.8 mln
Q1 Pretax Profit
$12.9 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the computer hardware peer group is "buy"

Wall Street's median 12-month price target for Corsair Gaming Inc is $7.50, about 3.3% above its May 6 closing price of $7.26

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)