(PR) Corsair Reports Strong Second Quarter 2026 Profit Growth and Cash Generation

Corsair Gaming, Inc. (Nasdaq: CRSR) ("Corsair" or the "Company"), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, performance PC builders, and Sim Racing enthusiasts, today announced financial results for the second quarter 2026, guidance for the third quarter 2026, and updated guidance for full year 2026.

Second Quarter 2026 Select Financial Highlights (compared to second quarter 2025 unless otherwise stated)

• Gross profit increased 21% year-over-year to $104.3 million. Gross margin expanded by 635 basis points year-over-year and 45 basis points sequentially to 33.2%, a company record.
• GAAP operating income improved to $7.6 million from an operating loss of $16.9 million, while net income improved to $9.1 million from a net loss of $20.3 million.
• Adjusted EBITDA increased 279% year-over-year to $30.8 million, nearly double the high end of the Company's guidance of $15.5 million. Adjusted EBITDA margin expanded by 730 basis points to 9.8%.
• GAAP diluted earnings per share was $0.06, compared with a loss of $0.16 a year ago; non-GAAP diluted earnings per share was $0.23, compared with $0.01 a year ago, which was more than three times the high end of the Company's guided range of $0.05 to $0.07.
• Net revenue was $314.3 million, down 2% year-over-year, above the assumed midpoint of the Company's guided range of $295 million to $320 million.
• Direct-to-consumer business was 20% of total net revenue.
• Net cash provided by operating activities increased 148% year-over-year to $74.8 million. Cash and restricted cash increased $74.1 million sequentially to $193.9 million at quarter-end.