Corsair Gaming (CRSR) investor relations material

Executive summary

• Achieved significant profit growth in Q2 2026, with gross profit up 21% year-over-year to $104.3 million and record gross margin of 33.2%.

• Net revenue for Q2 2026 was $314.3 million, down 1.8% year-over-year, with net income of $9.1 million compared to a net loss of $20.3 million in Q2 2025.

• Adjusted EBITDA surged 279% year-over-year to $30.8 million, nearly double the high end of guidance.

• Strategic acquisitions (Trak Racer, Bitfocus) and partnerships (Nissan) are broadening product range and reinforcing premium positioning in sim racing and creator tools.

• Strong cash generation, with net cash from operating activities up 148% year-over-year to $74.8 million.

Financial highlights

• Q2 2026 revenue was $314.3 million, down 2% year-over-year but above guidance midpoint.

• Gross profit grew 21% year-over-year to $104.3 million; gross margin reached a record 33.2%.

• GAAP net income was $9.1 million, compared to a net loss of $20.3 million a year ago; GAAP diluted EPS was $0.06.

• Adjusted EBITDA rose to $30.8 million from $8.1 million; margin expanded to 9.8%.

• Operating cash flow increased 148% year-over-year to $74.8 million; cash and restricted cash at $193.9 million.

Outlook and guidance

• Q3 2026 guidance: net revenue $320M–$350M, adjusted EBITDA $18M–$21M, non-GAAP EPS $0.09–$0.12.

• Full-year 2026 guidance raised: net revenue $1.4B–$1.47B, adjusted EBITDA $121M–$131M, non-GAAP EPS $0.85–$0.94.

• Growth in Gamer and Creator Peripherals expected to continue; Gaming Components and Systems to remain pressured by high memory pricing.

• Anticipates benefits from integration of recent acquisitions and investments in AI workstation products.

• Ongoing macroeconomic and geopolitical uncertainties, including tariffs and supply chain disruptions, may impact future results.