{"success":true,"data":{"pressRelease":{"id":"26429","rtpr_id":"nBw21bTX5a","ticker":"CRSR","exchange":"NASDAQ","all_tickers":["CRSR"],"title":"Corsair Reports Strong Profit Growth for First Quarter 2026","author":"Business Wire","published_at":"2026-05-07T20:00:00.394Z","article_body":"Corsair Reports Strong Profit Growth for First Quarter 2026\n\nRecord First Quarter Gross Margin of 32.7%\n\n$23.4 Million YoY increase in Net Income\n\n58% YoY Increase in Adjusted EBITDA to $35.8 Million, Above Guidance\n\n$0.11 / $0.27 GAAP / Non-GAAP EPS, Above Guidance\n\nCorsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a\nleading global provider and innovator of high-performance products for gamers,\nstreamers, content-creators, gaming PC builders, and sim racing enthusiasts,\ntoday announced financial results for the first quarter 2026, and guidance for\nthe second quarter 2026.\n\nFirst Quarter 2026 Select Financial Highlights (compared to first quarter 2025\nunless otherwise stated)\n\n\n * Gross profit increased 13% YoY to $116.0 million, with growth driven by both\nsegments, despite tariff-related headwinds in Gamer and Creator Peripherals.\n\n * Gross margin expanded 500 basis points YoY to 32.7%, reflecting continued\nshift toward higher-margin products and disciplined cost management.\n\n * Net income increased $23.4 million YoY.\n\n * Adjusted EBITDA increased 58% YoY to $35.8 million, above the high end of\nguidance, representing our second consecutive quarter of double-digit adjusted\nEBITDA margin.\n\n * GAAP diluted earnings per share increased 210% YoY to $0.11, while non-GAAP\ndiluted earnings per share increased 145% YoY to $0.27.\n\n * Revenue of $354.5 million, above the midpoint of our guided range, reflecting\nstrong growth in Gamer and Creator Peripherals, partially offset by softer\ndemand in Gaming Components and Systems driven by ongoing semiconductor supply\nconstraints and elevated pricing.\n\n * Cash and restricted cash increased sequentially by $20.9 million to $119.7\nmillion, providing flexibility for continued investment and capital returns.\n\n * Approximately $5 million repurchased under our $50 million share repurchase\nprogram.\n\nDefinitions of the non-GAAP financial measures used in this press release and\nreconciliations of such measures to their nearest GAAP equivalents are\nincluded below under the heading “Use and Reconciliation of Non-GAAP\nFinancial Measures.”\n\nBusiness Segment Highlights:\n\nGamer and Creator Peripherals Segment\n\nRevenue grew 10% year over year to $123.3 million, with strong demand across\ngaming peripherals, streaming components, and Sim Racing solutions. Growth\nreflects market share gains, successful new product introductions, and\ncontinued ecosystem expansion.\n\nGross profit increased 8% year over year to $50.3 million, despite\ntariff-related headwinds, with the segment continuing to benefit from a\nfavorable shift toward higher-margin categories.\n\nElgato continued to build momentum across both hardware and software. The\nElgato Marketplace delivered double-digit sequential growth in new accounts\nand digital products, driven by increasing engagement from creators and\ndevelopers. The rise of AI-assisted development has meaningfully lowered the\nbarrier to building and distributing tools within the Stream Deck ecosystem,\naccelerating platform adoption and reinforcing Elgato Marketplace as the hub\nfor content creation.\n\nDuring the quarter, we launched Wave Next, the most ambitious evolution of our\nElgato audio platform to date. Wave Next unifies fragmented audio workflows\ninto a single, scalable ecosystem, integrating professional-grade software,\npurpose-built hardware with the new Wave FX engine, onboard digital signal\nprocessing for reduced latency, and intuitive tactile control. This integrated\napproach simplifies the creator’s experience while delivering meaningfully\nhigher performance and extensibility.\n\nSim Racing also had a strong quarter with double digit year over year revenue\ngrowth supported by community engagement, channel expansion, and continued\nproduct innovation across the Fanatec portfolio. We recently signed a\nstrategic partnership with Formula 1®, naming Fanatec as both a licensed\npartner of the F1® brand and F1® Esports Official Partner. This helps to\nopen doors, in terms of product authenticity, brand reach, and community\nengagement, that we intend to capitalize on. Combined with continued channel\nexpansion and product innovation across the Fanatec portfolio, Sim Racing is a\ncategory where we see sustained momentum ahead.\n\nGaming Components and Systems Segment\n\nRevenue declined 10% year over year to $231.2 million, reflecting softer\ndemand in the DIY PC market. Ongoing global semiconductor supply constraints\nhave reduced component availability, while elevated pricing has weighed on\nconsumer demand, both dynamics we expect to persist through the near term.\n\nDespite the revenue decline, the segment delivered meaningful margin\nexpansion, with gross margin improving year over year to 28.4% from 21.7%, an\nincrease of 670 basis points. Gross profit grew 18% year over year to $65.7\nmillion, reflecting disciplined operational execution and a favorable product\nmix.\n\nWithin the segment, memory revenue grew 6% year over year, supported by prior\ninventory investments, strong supply chain execution, and sequential market\nshare gains in North America.\n\nWithin the pre-build PC segment, we are seeing early demand begin to ramp for\nAI-focused workstations, particularly among prosumer and SMB customers\nrequiring high-performance, locally run AI compute. This represents an\nestimated $22 billion global annual market opportunity that continues to grow\nand aligns directly with Corsair’s and ORIGIN PC’s strengths in custom,\nhigh-performance desktop solutions roadmap. We are encouraged by these early\nsignals and believe this category will become an increasingly meaningful\ncontributor as adoption continues to mature.\n\nManagement Commentary:\n\nThi La, Chief Executive Officer of Corsair, stated, “We delivered a strong\nstart to 2026, with record first quarter gross margin and adjusted EBITDA and\nEPS well above the high end of our guidance. The profit story this quarter\nreflects the quality of our business transformation, our continued shift\ntoward higher-margin products, ecosystem growth with our Stream Deck\ntechnology expanding to more product lines, and the operational discipline our\nteams have demonstrated across both segments.\n\nIn Gamer and Creator Peripherals, we believe the flywheel is accelerating, as\nAI-assisted development is bringing a new generation of creators and builders\ninto our Stream Deck ecosystem, expanding our platform reach in exciting ways\nthat weren’t possible even two years ago. Wave Next is our most ambitious\nhardware-software integration to date, and we believe it sets the stage for\nthe next chapter of Elgato’s audio platform growth.\n\nIn Gaming Components and Systems, we are navigating an industry-wide\nconstrained supply environment with discipline. The significant margin\nexpansion this quarter reflects that discipline. And while near-term demand\nheadwinds in DIY components are real, we are encouraged by the early traction\nin our AI workstations and remain confident in the long-term trajectory of\nthat segment.”\n\nGordon Mattingly, Chief Financial Officer of Corsair, stated, “Our first\nquarter results demonstrate the progress we have made in building a more\nprofitable, more resilient business. We delivered a record first quarter gross\nmargin of 32.7%, net income growth of $23.4 million, adjusted EBITDA\nsignificantly above expectations, and generated nearly $21 million in cash,\nenabling us to reduce net debt to near zero and return $5 million to\nshareholders through buybacks, all in the same quarter.\n\nLooking ahead, we remain focused on disciplined cost and working capital\nmanagement, and we are well-positioned to deploy our increased financial\nflexibility efficiently across the business as the year progresses.”\n\nSecond Quarter and Full Year 2026 Financial Outlook:\n\nFor the second quarter of 2026, we expect:\n\n\n * Net revenue to be in the range of $295 million to $320 million.\n\n * Adjusted EBITDA to be in the range of $12.5 million to $15.5 million.\n\n * Non-GAAP EPS to be in the range of 5 to 7 cents.\n\nWe expect revenue to be down by about 4% year-over-year at the assumed\nmidpoint of our guided range, with expected low-teens year-over-year growth in\nour Gamer and Creator Peripherals segment, offset by a more cautious outlook\nfor our Gaming Components and Systems segment, driven by the ongoing global\nsemiconductor shortages. Adjusted EBITDA is expected to grow more than 70%\nyear-over-year at the assumed midpoint of our guided range, as we continue to\nfocus on margin expansion and operating expense management. The sequential\ndecline in our revenue from Q1 reflects the normal seasonal pattern of our\nbusiness.\n\nOur full-year guidance remains unchanged.\n\nConference Call and Webcast Information\n\nCorsair will host a conference call to discuss the first quarter of 2026\nfinancial results today at 2:00 p.m. Pacific Time. The conference call will be\naccessible on Corsair’s Investor Relations website at https://ir.corsair.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.corsair.com&esheet=54531431&newsitemid=20260507920597&lan=en-US&anchor=https%3A%2F%2Fir.corsair.com&index=1&md5=ae19a8732cd9e9e576db1fb7ce96003a)\n, or by dialing 1-844-676-2245 (USA) or 1-412-634-6652 (International) with\nconference ID 10207948. A replay will be available approximately 3 hours after\nthe live call ends on Corsair’s Investor Relations website, or through May\n14, 2026 by dialing 1-844-512-2921 (USA) or 1-412-317-6671 (International),\nwith passcode 10207948.\n\nAbout Corsair Gaming\n\nCorsair (Nasdaq: CRSR) is a leading global developer and manufacturer of\nhigh-performance products and technology for gamers, content creators, and PC\nenthusiasts. From award-winning PC components and peripherals to premium\nstreaming equipment and smart ambient lighting, Corsair delivers a full\necosystem of products that work together to enable everyone, from casual\ngamers to committed professionals, to perform at their very best. Corsair also\nsells products under its Fanatec brand, the leading end-to-end premium sim\nracing product line; Elgato brand, which provides premium studio equipment and\naccessories for content creators; SCUF Gaming brand, which builds\ncustom-designed controllers for competitive gamers; Drop, the leading\ncommunity-driven mechanical keyboard brand; and ORIGIN PC brand, a builder of\ncustom gaming and workstation desktop PCs.\n\nForward-Looking Statements\n\nThis press release contains express and implied forward-looking statements\nwithin the meaning of the Private Securities Litigation Reform Act of 1995,\nincluding, but not limited to, statements regarding the Company’s financial\noutlook for the second quarter 2026 and the full year 2026; potential future\ngrowth in certain product categories; future headwinds and tailwinds that may\nimpact the Company’s sales and results of operations including semiconductor\nsupply constraints and demand for AI-focused workstations; and the potential\ngrowth and the long-term trajectory of our segments. Forward-looking\nstatements are based on our management’s beliefs, as well as assumptions\nmade by, and information currently available to them. Because such statements\nare based on expectations as to future financial and operating results and are\nnot statements of fact, actual results may differ materially from those\nprojected. Factors which may cause actual results to differ materially from\ncurrent expectations include, but are not limited to: the Company’s limited\noperating history, which makes it difficult to forecast the Company’s future\nresults of operations; current macroeconomic conditions, including the impacts\nof high inflation and risk of recession, on demand for our products, consumer\nconfidence and financial markets generally; changes in trade regulations,\npolicies, and agreements and the imposition of tariffs that affect our\nproducts or operations, including potential new tariffs that may be imposed on\nU.S. imports and our ability to mitigate; the Company’s ability to build and\nmaintain the strength of the Company’s brand among gaming, streaming and\ncontent creator enthusiasts and ability to continuously develop and\nsuccessfully market new products and improvements to existing products; the\nintroduction and success of new third-party high-performance computer\nhardware, particularly graphics processing units and central processing units\nas well as sophisticated new video games; fluctuations in operating results;\nthe loss or inability to attract and retain key management; the impacts from\ngeopolitical events and unrest; delays or disruptions at the Company or\nthird-parties’ manufacturing and distribution facilities; and the other\nfactors described under the heading “Risk Factors” in our Annual Report on\nForm 10-K for the year ended December 31, 2025 filed with the Securities and\nExchange Commission (“SEC”) and our subsequent filings with the SEC. All\nforward-looking statements reflect our beliefs and assumptions only as of the\ndate of this press release. We undertake no obligation to update\nforward-looking statements to reflect future events or circumstances. Our\nresults for the quarter ended March 31, 2026 are also not necessarily\nindicative of our operating results for any future periods.\n\nUse and Reconciliation of Non-GAAP Financial Measures\n\nTo supplement the financial results presented in accordance with GAAP, this\nearnings release presents certain non-GAAP financial information, including\nadjusted operating income (loss), adjusted net income (loss), adjusted net\nincome (loss) per diluted share and adjusted EBITDA. These are important\nfinancial performance measures for us but are not financial measures as\ndefined by GAAP. The presentation of this non-GAAP financial information is\nnot intended to be considered in isolation of or as a substitute for, or\nsuperior to, the financial information prepared and presented in accordance\nwith GAAP.\n\nWe use adjusted operating income (loss), adjusted net income (loss), adjusted\nnet income (loss) per share and adjusted EBITDA to evaluate our operating\nperformance and trends and make planning decisions. We believe that these\nnon-GAAP financial measures help identify underlying trends in our business\nthat could otherwise be masked by the effect of the expenses and other items\nthat we exclude in such non-GAAP measures. Accordingly, we believe that these\nnon-GAAP financial measures provide useful information to investors and others\nin understanding and evaluating our operating results, enhancing the overall\nunderstanding of our past performance and future prospects, and allowing for\ngreater transparency with respect to the key financial metrics used by our\nmanagement in our financial and operational decision-making. We also present\nthese non-GAAP financial measures because we believe investors, analysts and\nrating agencies consider it useful in measuring our ability to meet our debt\nservice obligations.\n\nOur use of these terms may vary from that of others in our industry. These\nnon-GAAP financial measures should not be considered as an alternative to net\nrevenue, operating income (loss), net income (loss), cash provided by\noperating activities, or any other measures derived in accordance with GAAP as\nmeasures of operating performance or liquidity. Reconciliations of these\nmeasures to the most directly comparable GAAP financial measures are presented\nin the attached schedules.\n\nWe calculate these non-GAAP financial measures as follows:\n\n\n * Adjusted operating income (loss), non-GAAP, is determined by adding back to\nGAAP operating income (loss), the impact from amortization, stock-based\ncompensation, one-time costs related to legal and other matters, acquisition\nand related integration costs, restructuring and other charges, and\nacquisition accounting impact related to recognizing acquired inventory at\nfair value.\n\n * Adjusted net income (loss), non-GAAP, excludes the impact from amortization,\nstock-based compensation, one-time costs related to legal and other matters,\nacquisition and related integration costs, restructuring and other charges,\nacquisition accounting impact related to recognizing acquired inventory at\nfair value and the bargain purchase gain on business acquisition, as well as\nthe related tax effects of each of these adjustments.\n\n * Adjusted net income (loss) per diluted share, non-GAAP, is determined by\ndividing adjusted net income (loss), non-GAAP by the respective weighted\naverage shares outstanding, inclusive of the impact of other dilutive\nsecurities.\n\n * Adjusted EBITDA excludes the impact from amortization, stock-based\ncompensation, one-time costs related to legal and other matters, acquisition\nand related integration costs, restructuring and other charges, acquisition\naccounting impact related to recognizing acquired inventory at fair value, and\nthe bargain purchase gain on business acquisition, depreciation, interest\nexpense, net, and tax expense (benefit).\n\nWe encourage investors and others to review our financial information in its\nentirety, not to rely on any single financial measure and to view these\nnon-GAAP financial measures in conjunction with the related GAAP financial\nmeasures.\n   \n Corsair Gaming, Inc. \n \n \n \nCondensed Consolidated Statements of Operations \n \n \n \n(Unaudited, in thousands, except per share amounts) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n               \n Net revenue   $ 354,512     $ 369,750   \n Cost of revenue     238,483       267,388   \n Gross profit     116,029       102,362   \n Operating expenses:             \n Sales, general and administrative     84,988       86,992   \n Product development     17,245       17,633   \n Total operating expenses     102,233       104,625   \n Operating income (loss)     13,796       (2,263 ) \n Other (expense) income:             \n Interest expense     (1,691 )     (2,676 ) \n Interest income     421       630   \n Other (expense) income, net     374       (3,947 ) \n Total other expense, net     (896 )     (5,993 ) \n Income (loss) before income taxes     12,900       (8,256 ) \n Income tax benefit (expense)     157       (2,061 ) \n Net income (loss)     13,057       (10,317 ) \n Less: Net income attributable to noncontrolling interest     273       142   \n Net income (loss) attributable to Corsair Gaming, Inc.   $ 12,784     $ (10,459 ) \n               \n Calculation of net income (loss) per share attributable to common stockholders             \n of Corsair Gaming, Inc.: \n Net income (loss) attributable to Corsair Gaming, Inc.   $ 12,784     $ (10,459 ) \n Change in redemption value of redeemable noncontrolling interest     (920 )     392   \n Net income (loss) attributable to common stockholders of Corsair Gaming, Inc.   $ 11,864     $ (10,067 ) \n               \n Net income (loss) per share attributable to common stockholders of Corsair             \n Gaming, Inc.: \n Basic   $ 0.11     $ (0.10 ) \n Diluted   $ 0.11     $ (0.10 ) \n Weighted-average common shares outstanding:             \n Basic     106,867       105,240   \n Diluted     107,774       105,240   \n\n   \n Corsair Gaming, Inc. \n \n \n \nSegment Information \n \n \n \n(Unaudited, in thousands, except percentages) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n               \n Net revenue:             \n Gamer and Creator Peripherals   $ 123,310     $ 111,973   \n Gaming Components and Systems     231,202       257,777   \n Total Net revenue   $ 354,512     $ 369,750   \n               \n Gross Profit:             \n Gamer and Creator Peripherals   $ 50,290     $ 46,414   \n Gaming Components and Systems     65,739       55,948   \n Total Gross Profit   $ 116,029     $ 102,362   \n               \n Gross Margin:             \n Gamer and Creator Peripherals     40.8 %     41.5 % \n Gaming Components and Systems     28.4 %     21.7 % \n Total Gross Margin     32.7 %     27.7 % \n\n   \n Corsair Gaming, Inc. \n \n \n \nCondensed Consolidated Balance Sheets \n \n \n \n(Unaudited, in thousands) \n   \n     March 31,     December 31,   \n \n2026 \n2025 \n               \n Assets             \n Current assets:             \n Cash and restricted cash   $ 119,497     $ 98,583   \n Accounts receivable, net     178,375       233,900   \n Inventories     273,466       303,336   \n Prepaid expenses and other current assets     28,021       29,639   \n Total current assets     599,359       665,458   \n Restricted cash, noncurrent     251       250   \n Property and equipment, net     31,165       31,514   \n Goodwill     357,399       357,765   \n Intangible assets, net     115,269       125,210   \n Other assets     73,897       73,587   \n Total assets   $ 1,177,340     $ 1,253,784   \n Liabilities             \n Current liabilities:             \n Debt maturing within one year, net   $ 6,121     $ 6,120   \n Accounts payable     157,628       212,547   \n Other liabilities and accrued expenses     180,348       212,275   \n Total current liabilities     344,097       430,942   \n Long-term debt, net     113,691       115,222   \n Deferred tax liabilities     4,977       6,071   \n Other liabilities, noncurrent     53,766       55,795   \n Total liabilities     516,531       608,030   \n Temporary equity             \n Redeemable noncontrolling interest     13,167       12,197   \n Stockholders' equity             \n Common stock and additional paid-in capital     708,529       705,372   \n Accumulated deficit     (59,366 )     (71,230 ) \n Accumulated other comprehensive loss     (1,521 )     (585 ) \n Total stockholders' equity     647,642       633,557   \n Total liabilities, temporary equity and stockholders' equity   $ 1,177,340     $ 1,253,784   \n\n   \n Corsair Gaming, Inc. \n \n \n \nCondensed Consolidated Statements of Cash Flows \n \n \n \n(Unaudited, in thousands) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n               \n Cash flows from operating activities:             \n Net income (loss)   $ 13,057     $ (10,317 ) \n Adjustments to reconcile net loss to net cash provided by (used in) operating             \n activities: \n Stock-based compensation     6,694       9,322   \n Depreciation     3,551       3,373   \n Amortization     9,806       9,782   \n Reversal of bargain purchase gain on business acquisition     —       2,581   \n Deferred income taxes, net of valuation allowance     (2,769 )     (1,016 ) \n Other     737       3,031   \n Changes in operating assets and liabilities:             \n Accounts receivable     54,214       201   \n Inventories     30,180       (22,237 ) \n Prepaid expenses and other assets     1,024       2,247   \n Accounts payable     (54,583 )     34,253   \n Other liabilities and accrued expenses     (32,183 )     (12,470 ) \n Net cash provided by operating activities     29,728       18,750   \n Cash flows from investing activities:             \n Purchase of property and equipment     (3,669 )     (3,072 ) \n Net cash used in investing activities     (3,669 )     (3,072 ) \n Cash flows from financing activities:             \n Repayment of debt     (1,563 )     (25,000 ) \n Repurchases of common stock     (5,011 )     —   \n Proceeds from issuance of shares through employee equity incentive plans     2,055       3,440   \n Payment of taxes related to net share settlement of equity awards     (630 )     (390 ) \n Dividend paid to noncontrolling interest     (175 )     (304 ) \n Net cash used in financing activities     (5,324 )     (22,254 ) \n Effect of exchange rate changes on cash     180       (526 ) \n Net increase (decrease) in cash and restricted cash     20,915       (7,102 ) \n Cash and restricted cash at the beginning of the period     98,833       109,631   \n Cash and restricted cash at the end of the period   $ 119,748     $ 102,529   \n\n   \n Corsair Gaming, Inc. \n \n \n \nGAAP to Non-GAAP Reconciliations \n \n \n \n  \n \n \n \nNon-GAAP Operating Income (Loss) Reconciliations \n \n \n \n(Unaudited, in thousands, except percentages) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n               \n Operating income (loss) - GAAP   $ 13,796     $ (2,263 ) \n Amortization     9,806       9,782   \n Stock-based compensation     6,694       9,322   \n Restructuring and other charges     1,580       1,095   \n Acquisition and related integration costs     —       2,185   \n Acquisition accounting impact related to recognizing acquired inventory at     —       515   \n fair value \n Adjusted Operating Income - Non-GAAP   $ 31,876     $ 20,636   \n               \n As a % of net revenue - GAAP     3.9 %     -0.6 % \n As a % of net revenue - Non-GAAP     9.0 %     5.6 % \n\n   \n Corsair Gaming, Inc. \n \n \n \nGAAP to Non-GAAP Reconciliations \n \n \n \n  \n \n \n \nNon-GAAP Net Income (Loss) and Net Income (Loss) Per Share Reconciliations \n \n \n \n(Unaudited, in thousands, except per share amounts) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n Net income (loss) attributable to common stockholders of Corsair Gaming, Inc.(   $ 11,864     $ (10,067 ) \n (1)) \n Less: Change in redemption value of redeemable noncontrolling interest     (920 )     392   \n Net income (loss) attributable to Corsair Gaming, Inc.     12,784       (10,459 ) \n Add: Net income attributable to noncontrolling interest     273       142   \n Net income (loss) - GAAP     13,057       (10,317 ) \n Adjustments:             \n Amortization     9,806       9,782   \n Stock-based compensation     6,694       9,322   \n Restructuring and other charges     1,580       1,095   \n Acquisition and related integration costs     —       2,185   \n Reversal of bargain purchase gain on business acquisition     —       2,581   \n Acquisition accounting impact related to recognizing acquired inventory at     —       515   \n fair value \n Non-GAAP income tax adjustment     (1,983 )     (2,844 ) \n Adjusted net income - Non-GAAP   $ 29,154     $ 12,319   \n               \n Diluted net income (loss) per share:             \n GAAP   $ 0.11     $ (0.10 ) \n Adjusted, Non-GAAP   $ 0.27     $ 0.11   \n               \n Weighted-average common shares outstanding - Diluted:             \n GAAP     107,774       105,240   \n Adjusted, Non-GAAP     107,774       107,367   \n               \n (1) Numerator for calculating net income (loss) per share-GAAP \n\n   \n Corsair Gaming, Inc. \n \n \n \nGAAP to Non-GAAP Reconciliations \n \n \n \n  \n \n \n \nAdjusted EBITDA Reconciliations \n \n \n \n(Unaudited, in thousands, except percentages) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n Net income (loss) - GAAP   $ 13,057     $ (10,317 ) \n Amortization     9,806       9,782   \n Stock-based compensation     6,694       9,322   \n Restructuring and other charges     1,580       1,095   \n Acquisition and related integration costs     —       2,185   \n Reversal of bargain purchase gain on business acquisition     —       2,581   \n Acquisition accounting impact related to recognizing acquired inventory at     —       515   \n fair value \n Depreciation     3,551       3,373   \n Interest expense, net of interest income     1,270       2,046   \n Income tax (benefit) expense     (157 )     2,061   \n Adjusted EBITDA - Non-GAAP   $ 35,801     $ 22,643   \n               \n Adjusted EBITDA margin - Non-GAAP     10.1 %     6.1 % \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260507920597/en/\n(https://www.businesswire.com/news/home/20260507920597/en/)\n\nInvestor Relations Contact: \n\nDavid Pasquale\n\nir@corsair.com \n(mailto:ir@corsair.com) \n914-337-8801\n\n\n\nMedia Contact: \n\nmedia@corsair.com \n(mailto:media@corsair.com) \n510-657-8747\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw21bTX5a","title":"Corsair Reports Strong Profit Growth for First Quarter 2026","author":"Business Wire","ticker":"CRSR","created":"2026-05-07T20:00:00.394Z","tickers":["CRSR"],"exchange":"NASDAQ","article_body":"Corsair Reports Strong Profit Growth for First Quarter 2026\n\nRecord First Quarter Gross Margin of 32.7%\n\n$23.4 Million YoY increase in Net Income\n\n58% YoY Increase in Adjusted EBITDA to $35.8 Million, Above Guidance\n\n$0.11 / $0.27 GAAP / Non-GAAP EPS, Above Guidance\n\nCorsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a\nleading global provider and innovator of high-performance products for gamers,\nstreamers, content-creators, gaming PC builders, and sim racing enthusiasts,\ntoday announced financial results for the first quarter 2026, and guidance for\nthe second quarter 2026.\n\nFirst Quarter 2026 Select Financial Highlights (compared to first quarter 2025\nunless otherwise stated)\n\n\n * Gross profit increased 13% YoY to $116.0 million, with growth driven by both\nsegments, despite tariff-related headwinds in Gamer and Creator Peripherals.\n\n * Gross margin expanded 500 basis points YoY to 32.7%, reflecting continued\nshift toward higher-margin products and disciplined cost management.\n\n * Net income increased $23.4 million YoY.\n\n * Adjusted EBITDA increased 58% YoY to $35.8 million, above the high end of\nguidance, representing our second consecutive quarter of double-digit adjusted\nEBITDA margin.\n\n * GAAP diluted earnings per share increased 210% YoY to $0.11, while non-GAAP\ndiluted earnings per share increased 145% YoY to $0.27.\n\n * Revenue of $354.5 million, above the midpoint of our guided range, reflecting\nstrong growth in Gamer and Creator Peripherals, partially offset by softer\ndemand in Gaming Components and Systems driven by ongoing semiconductor supply\nconstraints and elevated pricing.\n\n * Cash and restricted cash increased sequentially by $20.9 million to $119.7\nmillion, providing flexibility for continued investment and capital returns.\n\n * Approximately $5 million repurchased under our $50 million share repurchase\nprogram.\n\nDefinitions of the non-GAAP financial measures used in this press release and\nreconciliations of such measures to their nearest GAAP equivalents are\nincluded below under the heading “Use and Reconciliation of Non-GAAP\nFinancial Measures.”\n\nBusiness Segment Highlights:\n\nGamer and Creator Peripherals Segment\n\nRevenue grew 10% year over year to $123.3 million, with strong demand across\ngaming peripherals, streaming components, and Sim Racing solutions. Growth\nreflects market share gains, successful new product introductions, and\ncontinued ecosystem expansion.\n\nGross profit increased 8% year over year to $50.3 million, despite\ntariff-related headwinds, with the segment continuing to benefit from a\nfavorable shift toward higher-margin categories.\n\nElgato continued to build momentum across both hardware and software. The\nElgato Marketplace delivered double-digit sequential growth in new accounts\nand digital products, driven by increasing engagement from creators and\ndevelopers. The rise of AI-assisted development has meaningfully lowered the\nbarrier to building and distributing tools within the Stream Deck ecosystem,\naccelerating platform adoption and reinforcing Elgato Marketplace as the hub\nfor content creation.\n\nDuring the quarter, we launched Wave Next, the most ambitious evolution of our\nElgato audio platform to date. Wave Next unifies fragmented audio workflows\ninto a single, scalable ecosystem, integrating professional-grade software,\npurpose-built hardware with the new Wave FX engine, onboard digital signal\nprocessing for reduced latency, and intuitive tactile control. This integrated\napproach simplifies the creator’s experience while delivering meaningfully\nhigher performance and extensibility.\n\nSim Racing also had a strong quarter with double digit year over year revenue\ngrowth supported by community engagement, channel expansion, and continued\nproduct innovation across the Fanatec portfolio. We recently signed a\nstrategic partnership with Formula 1®, naming Fanatec as both a licensed\npartner of the F1® brand and F1® Esports Official Partner. This helps to\nopen doors, in terms of product authenticity, brand reach, and community\nengagement, that we intend to capitalize on. Combined with continued channel\nexpansion and product innovation across the Fanatec portfolio, Sim Racing is a\ncategory where we see sustained momentum ahead.\n\nGaming Components and Systems Segment\n\nRevenue declined 10% year over year to $231.2 million, reflecting softer\ndemand in the DIY PC market. Ongoing global semiconductor supply constraints\nhave reduced component availability, while elevated pricing has weighed on\nconsumer demand, both dynamics we expect to persist through the near term.\n\nDespite the revenue decline, the segment delivered meaningful margin\nexpansion, with gross margin improving year over year to 28.4% from 21.7%, an\nincrease of 670 basis points. Gross profit grew 18% year over year to $65.7\nmillion, reflecting disciplined operational execution and a favorable product\nmix.\n\nWithin the segment, memory revenue grew 6% year over year, supported by prior\ninventory investments, strong supply chain execution, and sequential market\nshare gains in North America.\n\nWithin the pre-build PC segment, we are seeing early demand begin to ramp for\nAI-focused workstations, particularly among prosumer and SMB customers\nrequiring high-performance, locally run AI compute. This represents an\nestimated $22 billion global annual market opportunity that continues to grow\nand aligns directly with Corsair’s and ORIGIN PC’s strengths in custom,\nhigh-performance desktop solutions roadmap. We are encouraged by these early\nsignals and believe this category will become an increasingly meaningful\ncontributor as adoption continues to mature.\n\nManagement Commentary:\n\nThi La, Chief Executive Officer of Corsair, stated, “We delivered a strong\nstart to 2026, with record first quarter gross margin and adjusted EBITDA and\nEPS well above the high end of our guidance. The profit story this quarter\nreflects the quality of our business transformation, our continued shift\ntoward higher-margin products, ecosystem growth with our Stream Deck\ntechnology expanding to more product lines, and the operational discipline our\nteams have demonstrated across both segments.\n\nIn Gamer and Creator Peripherals, we believe the flywheel is accelerating, as\nAI-assisted development is bringing a new generation of creators and builders\ninto our Stream Deck ecosystem, expanding our platform reach in exciting ways\nthat weren’t possible even two years ago. Wave Next is our most ambitious\nhardware-software integration to date, and we believe it sets the stage for\nthe next chapter of Elgato’s audio platform growth.\n\nIn Gaming Components and Systems, we are navigating an industry-wide\nconstrained supply environment with discipline. The significant margin\nexpansion this quarter reflects that discipline. And while near-term demand\nheadwinds in DIY components are real, we are encouraged by the early traction\nin our AI workstations and remain confident in the long-term trajectory of\nthat segment.”\n\nGordon Mattingly, Chief Financial Officer of Corsair, stated, “Our first\nquarter results demonstrate the progress we have made in building a more\nprofitable, more resilient business. We delivered a record first quarter gross\nmargin of 32.7%, net income growth of $23.4 million, adjusted EBITDA\nsignificantly above expectations, and generated nearly $21 million in cash,\nenabling us to reduce net debt to near zero and return $5 million to\nshareholders through buybacks, all in the same quarter.\n\nLooking ahead, we remain focused on disciplined cost and working capital\nmanagement, and we are well-positioned to deploy our increased financial\nflexibility efficiently across the business as the year progresses.”\n\nSecond Quarter and Full Year 2026 Financial Outlook:\n\nFor the second quarter of 2026, we expect:\n\n\n * Net revenue to be in the range of $295 million to $320 million.\n\n * Adjusted EBITDA to be in the range of $12.5 million to $15.5 million.\n\n * Non-GAAP EPS to be in the range of 5 to 7 cents.\n\nWe expect revenue to be down by about 4% year-over-year at the assumed\nmidpoint of our guided range, with expected low-teens year-over-year growth in\nour Gamer and Creator Peripherals segment, offset by a more cautious outlook\nfor our Gaming Components and Systems segment, driven by the ongoing global\nsemiconductor shortages. Adjusted EBITDA is expected to grow more than 70%\nyear-over-year at the assumed midpoint of our guided range, as we continue to\nfocus on margin expansion and operating expense management. The sequential\ndecline in our revenue from Q1 reflects the normal seasonal pattern of our\nbusiness.\n\nOur full-year guidance remains unchanged.\n\nConference Call and Webcast Information\n\nCorsair will host a conference call to discuss the first quarter of 2026\nfinancial results today at 2:00 p.m. Pacific Time. The conference call will be\naccessible on Corsair’s Investor Relations website at https://ir.corsair.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.corsair.com&esheet=54531431&newsitemid=20260507920597&lan=en-US&anchor=https%3A%2F%2Fir.corsair.com&index=1&md5=ae19a8732cd9e9e576db1fb7ce96003a)\n, or by dialing 1-844-676-2245 (USA) or 1-412-634-6652 (International) with\nconference ID 10207948. A replay will be available approximately 3 hours after\nthe live call ends on Corsair’s Investor Relations website, or through May\n14, 2026 by dialing 1-844-512-2921 (USA) or 1-412-317-6671 (International),\nwith passcode 10207948.\n\nAbout Corsair Gaming\n\nCorsair (Nasdaq: CRSR) is a leading global developer and manufacturer of\nhigh-performance products and technology for gamers, content creators, and PC\nenthusiasts. From award-winning PC components and peripherals to premium\nstreaming equipment and smart ambient lighting, Corsair delivers a full\necosystem of products that work together to enable everyone, from casual\ngamers to committed professionals, to perform at their very best. Corsair also\nsells products under its Fanatec brand, the leading end-to-end premium sim\nracing product line; Elgato brand, which provides premium studio equipment and\naccessories for content creators; SCUF Gaming brand, which builds\ncustom-designed controllers for competitive gamers; Drop, the leading\ncommunity-driven mechanical keyboard brand; and ORIGIN PC brand, a builder of\ncustom gaming and workstation desktop PCs.\n\nForward-Looking Statements\n\nThis press release contains express and implied forward-looking statements\nwithin the meaning of the Private Securities Litigation Reform Act of 1995,\nincluding, but not limited to, statements regarding the Company’s financial\noutlook for the second quarter 2026 and the full year 2026; potential future\ngrowth in certain product categories; future headwinds and tailwinds that may\nimpact the Company’s sales and results of operations including semiconductor\nsupply constraints and demand for AI-focused workstations; and the potential\ngrowth and the long-term trajectory of our segments. Forward-looking\nstatements are based on our management’s beliefs, as well as assumptions\nmade by, and information currently available to them. Because such statements\nare based on expectations as to future financial and operating results and are\nnot statements of fact, actual results may differ materially from those\nprojected. Factors which may cause actual results to differ materially from\ncurrent expectations include, but are not limited to: the Company’s limited\noperating history, which makes it difficult to forecast the Company’s future\nresults of operations; current macroeconomic conditions, including the impacts\nof high inflation and risk of recession, on demand for our products, consumer\nconfidence and financial markets generally; changes in trade regulations,\npolicies, and agreements and the imposition of tariffs that affect our\nproducts or operations, including potential new tariffs that may be imposed on\nU.S. imports and our ability to mitigate; the Company’s ability to build and\nmaintain the strength of the Company’s brand among gaming, streaming and\ncontent creator enthusiasts and ability to continuously develop and\nsuccessfully market new products and improvements to existing products; the\nintroduction and success of new third-party high-performance computer\nhardware, particularly graphics processing units and central processing units\nas well as sophisticated new video games; fluctuations in operating results;\nthe loss or inability to attract and retain key management; the impacts from\ngeopolitical events and unrest; delays or disruptions at the Company or\nthird-parties’ manufacturing and distribution facilities; and the other\nfactors described under the heading “Risk Factors” in our Annual Report on\nForm 10-K for the year ended December 31, 2025 filed with the Securities and\nExchange Commission (“SEC”) and our subsequent filings with the SEC. All\nforward-looking statements reflect our beliefs and assumptions only as of the\ndate of this press release. We undertake no obligation to update\nforward-looking statements to reflect future events or circumstances. Our\nresults for the quarter ended March 31, 2026 are also not necessarily\nindicative of our operating results for any future periods.\n\nUse and Reconciliation of Non-GAAP Financial Measures\n\nTo supplement the financial results presented in accordance with GAAP, this\nearnings release presents certain non-GAAP financial information, including\nadjusted operating income (loss), adjusted net income (loss), adjusted net\nincome (loss) per diluted share and adjusted EBITDA. These are important\nfinancial performance measures for us but are not financial measures as\ndefined by GAAP. The presentation of this non-GAAP financial information is\nnot intended to be considered in isolation of or as a substitute for, or\nsuperior to, the financial information prepared and presented in accordance\nwith GAAP.\n\nWe use adjusted operating income (loss), adjusted net income (loss), adjusted\nnet income (loss) per share and adjusted EBITDA to evaluate our operating\nperformance and trends and make planning decisions. We believe that these\nnon-GAAP financial measures help identify underlying trends in our business\nthat could otherwise be masked by the effect of the expenses and other items\nthat we exclude in such non-GAAP measures. Accordingly, we believe that these\nnon-GAAP financial measures provide useful information to investors and others\nin understanding and evaluating our operating results, enhancing the overall\nunderstanding of our past performance and future prospects, and allowing for\ngreater transparency with respect to the key financial metrics used by our\nmanagement in our financial and operational decision-making. We also present\nthese non-GAAP financial measures because we believe investors, analysts and\nrating agencies consider it useful in measuring our ability to meet our debt\nservice obligations.\n\nOur use of these terms may vary from that of others in our industry. These\nnon-GAAP financial measures should not be considered as an alternative to net\nrevenue, operating income (loss), net income (loss), cash provided by\noperating activities, or any other measures derived in accordance with GAAP as\nmeasures of operating performance or liquidity. Reconciliations of these\nmeasures to the most directly comparable GAAP financial measures are presented\nin the attached schedules.\n\nWe calculate these non-GAAP financial measures as follows:\n\n\n * Adjusted operating income (loss), non-GAAP, is determined by adding back to\nGAAP operating income (loss), the impact from amortization, stock-based\ncompensation, one-time costs related to legal and other matters, acquisition\nand related integration costs, restructuring and other charges, and\nacquisition accounting impact related to recognizing acquired inventory at\nfair value.\n\n * Adjusted net income (loss), non-GAAP, excludes the impact from amortization,\nstock-based compensation, one-time costs related to legal and other matters,\nacquisition and related integration costs, restructuring and other charges,\nacquisition accounting impact related to recognizing acquired inventory at\nfair value and the bargain purchase gain on business acquisition, as well as\nthe related tax effects of each of these adjustments.\n\n * Adjusted net income (loss) per diluted share, non-GAAP, is determined by\ndividing adjusted net income (loss), non-GAAP by the respective weighted\naverage shares outstanding, inclusive of the impact of other dilutive\nsecurities.\n\n * Adjusted EBITDA excludes the impact from amortization, stock-based\ncompensation, one-time costs related to legal and other matters, acquisition\nand related integration costs, restructuring and other charges, acquisition\naccounting impact related to recognizing acquired inventory at fair value, and\nthe bargain purchase gain on business acquisition, depreciation, interest\nexpense, net, and tax expense (benefit).\n\nWe encourage investors and others to review our financial information in its\nentirety, not to rely on any single financial measure and to view these\nnon-GAAP financial measures in conjunction with the related GAAP financial\nmeasures.\n   \n Corsair Gaming, Inc. \n \n \n \nCondensed Consolidated Statements of Operations \n \n \n \n(Unaudited, in thousands, except per share amounts) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n               \n Net revenue   $ 354,512     $ 369,750   \n Cost of revenue     238,483       267,388   \n Gross profit     116,029       102,362   \n Operating expenses:             \n Sales, general and administrative     84,988       86,992   \n Product development     17,245       17,633   \n Total operating expenses     102,233       104,625   \n Operating income (loss)     13,796       (2,263 ) \n Other (expense) income:             \n Interest expense     (1,691 )     (2,676 ) \n Interest income     421       630   \n Other (expense) income, net     374       (3,947 ) \n Total other expense, net     (896 )     (5,993 ) \n Income (loss) before income taxes     12,900       (8,256 ) \n Income tax benefit (expense)     157       (2,061 ) \n Net income (loss)     13,057       (10,317 ) \n Less: Net income attributable to noncontrolling interest     273       142   \n Net income (loss) attributable to Corsair Gaming, Inc.   $ 12,784     $ (10,459 ) \n               \n Calculation of net income (loss) per share attributable to common stockholders             \n of Corsair Gaming, Inc.: \n Net income (loss) attributable to Corsair Gaming, Inc.   $ 12,784     $ (10,459 ) \n Change in redemption value of redeemable noncontrolling interest     (920 )     392   \n Net income (loss) attributable to common stockholders of Corsair Gaming, Inc.   $ 11,864     $ (10,067 ) \n               \n Net income (loss) per share attributable to common stockholders of Corsair             \n Gaming, Inc.: \n Basic   $ 0.11     $ (0.10 ) \n Diluted   $ 0.11     $ (0.10 ) \n Weighted-average common shares outstanding:             \n Basic     106,867       105,240   \n Diluted     107,774       105,240   \n\n   \n Corsair Gaming, Inc. \n \n \n \nSegment Information \n \n \n \n(Unaudited, in thousands, except percentages) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n               \n Net revenue:             \n Gamer and Creator Peripherals   $ 123,310     $ 111,973   \n Gaming Components and Systems     231,202       257,777   \n Total Net revenue   $ 354,512     $ 369,750   \n               \n Gross Profit:             \n Gamer and Creator Peripherals   $ 50,290     $ 46,414   \n Gaming Components and Systems     65,739       55,948   \n Total Gross Profit   $ 116,029     $ 102,362   \n               \n Gross Margin:             \n Gamer and Creator Peripherals     40.8 %     41.5 % \n Gaming Components and Systems     28.4 %     21.7 % \n Total Gross Margin     32.7 %     27.7 % \n\n   \n Corsair Gaming, Inc. \n \n \n \nCondensed Consolidated Balance Sheets \n \n \n \n(Unaudited, in thousands) \n   \n     March 31,     December 31,   \n \n2026 \n2025 \n               \n Assets             \n Current assets:             \n Cash and restricted cash   $ 119,497     $ 98,583   \n Accounts receivable, net     178,375       233,900   \n Inventories     273,466       303,336   \n Prepaid expenses and other current assets     28,021       29,639   \n Total current assets     599,359       665,458   \n Restricted cash, noncurrent     251       250   \n Property and equipment, net     31,165       31,514   \n Goodwill     357,399       357,765   \n Intangible assets, net     115,269       125,210   \n Other assets     73,897       73,587   \n Total assets   $ 1,177,340     $ 1,253,784   \n Liabilities             \n Current liabilities:             \n Debt maturing within one year, net   $ 6,121     $ 6,120   \n Accounts payable     157,628       212,547   \n Other liabilities and accrued expenses     180,348       212,275   \n Total current liabilities     344,097       430,942   \n Long-term debt, net     113,691       115,222   \n Deferred tax liabilities     4,977       6,071   \n Other liabilities, noncurrent     53,766       55,795   \n Total liabilities     516,531       608,030   \n Temporary equity             \n Redeemable noncontrolling interest     13,167       12,197   \n Stockholders' equity             \n Common stock and additional paid-in capital     708,529       705,372   \n Accumulated deficit     (59,366 )     (71,230 ) \n Accumulated other comprehensive loss     (1,521 )     (585 ) \n Total stockholders' equity     647,642       633,557   \n Total liabilities, temporary equity and stockholders' equity   $ 1,177,340     $ 1,253,784   \n\n   \n Corsair Gaming, Inc. \n \n \n \nCondensed Consolidated Statements of Cash Flows \n \n \n \n(Unaudited, in thousands) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n               \n Cash flows from operating activities:             \n Net income (loss)   $ 13,057     $ (10,317 ) \n Adjustments to reconcile net loss to net cash provided by (used in) operating             \n activities: \n Stock-based compensation     6,694       9,322   \n Depreciation     3,551       3,373   \n Amortization     9,806       9,782   \n Reversal of bargain purchase gain on business acquisition     —       2,581   \n Deferred income taxes, net of valuation allowance     (2,769 )     (1,016 ) \n Other     737       3,031   \n Changes in operating assets and liabilities:             \n Accounts receivable     54,214       201   \n Inventories     30,180       (22,237 ) \n Prepaid expenses and other assets     1,024       2,247   \n Accounts payable     (54,583 )     34,253   \n Other liabilities and accrued expenses     (32,183 )     (12,470 ) \n Net cash provided by operating activities     29,728       18,750   \n Cash flows from investing activities:             \n Purchase of property and equipment     (3,669 )     (3,072 ) \n Net cash used in investing activities     (3,669 )     (3,072 ) \n Cash flows from financing activities:             \n Repayment of debt     (1,563 )     (25,000 ) \n Repurchases of common stock     (5,011 )     —   \n Proceeds from issuance of shares through employee equity incentive plans     2,055       3,440   \n Payment of taxes related to net share settlement of equity awards     (630 )     (390 ) \n Dividend paid to noncontrolling interest     (175 )     (304 ) \n Net cash used in financing activities     (5,324 )     (22,254 ) \n Effect of exchange rate changes on cash     180       (526 ) \n Net increase (decrease) in cash and restricted cash     20,915       (7,102 ) \n Cash and restricted cash at the beginning of the period     98,833       109,631   \n Cash and restricted cash at the end of the period   $ 119,748     $ 102,529   \n\n   \n Corsair Gaming, Inc. \n \n \n \nGAAP to Non-GAAP Reconciliations \n \n \n \n  \n \n \n \nNon-GAAP Operating Income (Loss) Reconciliations \n \n \n \n(Unaudited, in thousands, except percentages) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n               \n Operating income (loss) - GAAP   $ 13,796     $ (2,263 ) \n Amortization     9,806       9,782   \n Stock-based compensation     6,694       9,322   \n Restructuring and other charges     1,580       1,095   \n Acquisition and related integration costs     —       2,185   \n Acquisition accounting impact related to recognizing acquired inventory at     —       515   \n fair value \n Adjusted Operating Income - Non-GAAP   $ 31,876     $ 20,636   \n               \n As a % of net revenue - GAAP     3.9 %     -0.6 % \n As a % of net revenue - Non-GAAP     9.0 %     5.6 % \n\n   \n Corsair Gaming, Inc. \n \n \n \nGAAP to Non-GAAP Reconciliations \n \n \n \n  \n \n \n \nNon-GAAP Net Income (Loss) and Net Income (Loss) Per Share Reconciliations \n \n \n \n(Unaudited, in thousands, except per share amounts) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n Net income (loss) attributable to common stockholders of Corsair Gaming, Inc.(   $ 11,864     $ (10,067 ) \n (1)) \n Less: Change in redemption value of redeemable noncontrolling interest     (920 )     392   \n Net income (loss) attributable to Corsair Gaming, Inc.     12,784       (10,459 ) \n Add: Net income attributable to noncontrolling interest     273       142   \n Net income (loss) - GAAP     13,057       (10,317 ) \n Adjustments:             \n Amortization     9,806       9,782   \n Stock-based compensation     6,694       9,322   \n Restructuring and other charges     1,580       1,095   \n Acquisition and related integration costs     —       2,185   \n Reversal of bargain purchase gain on business acquisition     —       2,581   \n Acquisition accounting impact related to recognizing acquired inventory at     —       515   \n fair value \n Non-GAAP income tax adjustment     (1,983 )     (2,844 ) \n Adjusted net income - Non-GAAP   $ 29,154     $ 12,319   \n               \n Diluted net income (loss) per share:             \n GAAP   $ 0.11     $ (0.10 ) \n Adjusted, Non-GAAP   $ 0.27     $ 0.11   \n               \n Weighted-average common shares outstanding - Diluted:             \n GAAP     107,774       105,240   \n Adjusted, Non-GAAP     107,774       107,367   \n               \n (1) Numerator for calculating net income (loss) per share-GAAP \n\n   \n Corsair Gaming, Inc. \n \n \n \nGAAP to Non-GAAP Reconciliations \n \n \n \n  \n \n \n \nAdjusted EBITDA Reconciliations \n \n \n \n(Unaudited, in thousands, except percentages) \n   \n     Three Months Ended   \n \nMarch 31, \n     2026     2025   \n Net income (loss) - GAAP   $ 13,057     $ (10,317 ) \n Amortization     9,806       9,782   \n Stock-based compensation     6,694       9,322   \n Restructuring and other charges     1,580       1,095   \n Acquisition and related integration costs     —       2,185   \n Reversal of bargain purchase gain on business acquisition     —       2,581   \n Acquisition accounting impact related to recognizing acquired inventory at     —       515   \n fair value \n Depreciation     3,551       3,373   \n Interest expense, net of interest income     1,270       2,046   \n Income tax (benefit) expense     (157 )     2,061   \n Adjusted EBITDA - Non-GAAP   $ 35,801     $ 22,643   \n               \n Adjusted EBITDA margin - Non-GAAP     10.1 %     6.1 % \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260507920597/en/\n(https://www.businesswire.com/news/home/20260507920597/en/)\n\nInvestor Relations Contact: \n\nDavid Pasquale\n\nir@corsair.com \n(mailto:ir@corsair.com) \n914-337-8801\n\n\n\nMedia Contact: \n\nmedia@corsair.com \n(mailto:media@corsair.com) \n510-657-8747\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-07T20:00:00.550962238Z","server_sent_at_ms":1778184000550},"received_at":"2026-05-07T20:00:00.755Z","source_url":"https://www.businesswire.com/news/home/20260507920597/en/"},"analysis":{"id":"20681","press_release_id":"26429","analysis_json":{"industry":{"label":"Technology Hardware, Storage & 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