Quarterly ResultMay 7, 2026, 04:24 PM
Corsair Q1 Net Income $12.78M; EPS $0.11; Initiates $50M Buyback
AI Summary
Corsair Gaming, Inc. reported a significant turnaround in Q1 2026, achieving a net income of $12.78 million, or $0.11 per diluted share, compared to a net loss of $10.46 million, or $(0.10) per diluted share, in Q1 2025. While net revenue decreased slightly to $354.51 million, gross profit improved to $116.03 million. The company also initiated a $50 million share repurchase program, buying back $5.0 million in the quarter.
Key Highlights
- Net income attributable to Corsair Gaming, Inc. was $12.78 million in Q1 2026, up from a net loss of $10.46 million in Q1 2025.
- Diluted EPS was $0.11 in Q1 2026, a significant improvement from $(0.10) in Q1 2025.
- Net revenue for Q1 2026 was $354.51 million, a decrease from $369.75 million in Q1 2025.
- Gross profit increased to $116.03 million in Q1 2026, up from $102.36 million in Q1 2025.
- Operating income was $13.80 million in Q1 2026, compared to an operating loss of $2.26 million in Q1 2025.
- The Board authorized a $50 million share repurchase program, with $5.0 million repurchased in Q1 2026.
- Net cash provided by operating activities increased to $29.73 million in Q1 2026 from $18.75 million in Q1 2025.
- Long-term debt, net, decreased to $113.69 million as of March 31, 2026, from $115.22 million at year-end 2025.