Quarterly ResultMay 7, 2026, 04:10 PM
Corsair Q1 Net Income +$23.4M; Adj EBITDA +58% to $35.8M
AI Summary
Corsair Gaming reported strong financial results for Q1 2026, with net income increasing by $23.4 million year-over-year and Adjusted EBITDA growing 58% to $35.8 million, exceeding guidance. The company achieved a record first-quarter gross margin of 32.7%, driven by a shift towards higher-margin products and disciplined cost management. Revenue was $354.5 million, slightly above the midpoint of guidance, despite a 10% decline in the Gaming Components and Systems segment due to semiconductor constraints.
Key Highlights
- Net income increased $23.4 million YoY to $13.057 million.
- Adjusted EBITDA grew 58% YoY to $35.8 million, above guidance.
- Record Q1 gross margin expanded 500 basis points YoY to 32.7%.
- GAAP diluted EPS rose 210% YoY to $0.11; Non-GAAP EPS increased 145% to $0.27.
- Total revenue was $354.5 million, a 4.1% decline YoY.
- Gamer and Creator Peripherals revenue grew 10% YoY to $123.3 million.
- Gaming Components and Systems revenue declined 10% YoY to $231.2 million.
- Approximately $5 million was repurchased under the $50 million share buyback program.