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Edge31 Oct 2025
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Corsair Gaming (CRSR) investor relations material
Corsair Gaming Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Achieved double-digit year-over-year revenue growth and significant profit expansion in Q3 2025, with net revenue up 14% to $345.8 million and gross profit up 34% to $93.1 million.
Adjusted EBITDA for Q3 rose 236% to $16.2 million, and adjusted EPS improved to $0.06 from $(0.29) in Q3 2024.
Both Gaming Components and Systems and Gamer and Creator Peripherals segments delivered double-digit year-over-year growth in Q3, supported by new product launches and expanded global channel presence.
Expanded ecosystem and product roadmap through M&A integration, notably with Fanatec, enhancing sim racing offerings and global reach.
Focused on operational efficiency, disciplined expense management, and strategic investments to drive future growth.
Financial highlights
Q3 2025 net revenue: $345.8 million (+14% YoY); nine-month revenue: $1.04 billion (+15% YoY).
Q3 gross profit: $93.1 million (+34% YoY); gross margin improved 400 bps to 26.9%.
Adjusted operating income for Q3 was $13.5 million, up from $2.4 million in Q3 2024; adjusted EBITDA up 236% to $16.2 million.
Q3 adjusted net income was $6.8 million, or $0.06 per diluted share, compared to an adjusted net loss of $30.3 million in Q3 2024.
Ended Q3 with $65.8 million in cash and $123.4 million in debt; inventory built ahead of Q4.
Outlook and guidance
Full-year 2025 net revenue expected between $1.425 billion and $1.475 billion.
Adjusted operating income guidance: $76–$81 million; adjusted EBITDA: $85–$90 million.
Guidance reflects a conservative stance due to tight DDR5 memory market and evolving consumer spending patterns.
EBITDA margin expected to improve year-over-year, positioning for profitable growth into 2026.
Gaming and creator peripherals projected to grow high single digits for 2025; continued momentum expected into 2026.
DDR5 memory market impact on Q4 outlook
NVIDIA 5000 series GPU impact on 2026 growth
Detail tariff mitigation strategies and results
Detail DDR5 mitigation plans for 2026
Beyond GPUs, what drives Components & Systems growth?
Fanatec's new categories and AI integration impact?
DDR5 market tightness duration and mitigation
Fanatec's new growth avenues
Drivers for components segment growth
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Next Corsair Gaming earnings date
Q4 202511 Feb, 2026
Next Corsair Gaming earnings date
Q4 202511 Feb, 2026
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Frequently asked questions
Corsair Gaming, Inc. designs, manufactures, and markets high-performance gaming hardware and accessories to gamers. It offers keyboards, mice and mouse pads, sound cards, Virtual Reality headsets, mid-tower cases, micro ATX cases, and liquid cooling products. The company also provides memory upgrades for computers; and PC gaming components; power supply products; solid state drives; accessories comprising keycaps and wrist rests; PC speakers; and PC headsets. The company was founded in 1994 and is headquartered in Fremont, California.
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