Turtle Beach Q2 revenue and net loss miss analyst expectations

Turtle Beach

06/08/2026 21:18

Overview
Gaming accessories maker's Q2 revenue missed analyst expectations
Q2 net loss widened and missed analyst expectations
Company repurchased $25 mln of common stock in Q2

Outlook
Turtle Beach reaffirms 2026 net revenue guidance of $335 mln to $355 mln
Company maintains 2026 adjusted EBITDA outlook of $44 mln to $48 mln
Turtle Beach expects stronger demand in H2 2026, citing major game releases

Result Drivers
TARIFF REFUNDS - Co said gross margin improvement was due to tariff refunds received in Q2
NEW PRODUCT LAUNCH - Launch of Stealth Pro II headset cited as a key milestone and driver of business momentum, per CEO Cris Keirn
CHANNEL INVENTORY TRENDS - Co said channel inventories contracted in first half of Q2 before stabilizing later in the period

Company press release: ID:nGNX83S3mf

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$56.37 mln
$60.10 mln (5 Analysts)
Q2 Net Loss
Miss
$7.31 mln
$6.11 mln (5 Analysts)
Q2 Gross Margin
 
38.80%
 
Q2 Operating Income
Beat
-$3.05 mln
-$3.86 mln (5 Analysts)
Q2 Gross Profit
 
$21.86 mln
 
Q2 Operating Expenses
 
$24.91 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 Turtle Beach Corporation is $16.00, about 18.2% above its August 5 closing price of $13.54
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

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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.)