EarningsQ2 2026 Earnings Report
DE:6C2 Q2 2026 EPS Results
Actual EPS€0.21
Consensus EPS€0.06
Beat/MissBeat by +€0.14
One Year Ago EPS<€0.01
DE:6C2 Q2 2026 Revenue Results
Actual Revenue€280.46M
Expected Revenue€277.01M
Beat/MissBeat by +€3.44M
YoY Revenue Growth-1.80%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
DE:6C2 Upcoming Earnings
Corsair Gaming's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:6C2 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized meaningful progress: record gross margin, strong gross profit growth, materially improved profitability (GAAP and non-GAAP), large operating cash flow improvement, raised full-year guidance, and strategic M&A and partnerships that enhance higher-margin and recurring revenue opportunities. Primary challenges include a 2% revenue decline, a 9% drop in the Components & Systems segment driven by elevated memory pricing that has deferred DIY demand, reliance on a one-time tariff refund benefit (≈$15M), and near-term constraints on AI systems revenue due to GPU allocation. On balance, the positive operational and financial momentum — including margin expansion, cash generation, and upgraded guidance — outweigh the transitory and market-driven headwinds.Company Guidance
Record Gross Margin and Gross Profit Growth
Consolidated gross profit grew 21% year-over-year to $104.3M and gross margin reached a company record of 33.2%, up 640 basis points year-over-year and 50 basis points sequentially.
Improved Profitability (GAAP and Non-GAAP)
GAAP operating income improved to $7.6M from an operating loss of $16.9M a year ago; GAAP net income was $9.1M (GAAP diluted EPS $0.06) versus a net loss of $20.3M (loss per share $0.16) in prior year. Non-GAAP diluted EPS increased to $0.23 from $0.01.
Adjusted EBITDA and Margin Expansion
Adjusted EBITDA rose to $30.8M from $8.1M year-over-year, with adjusted EBITDA margin expanding to 9.8% from 2.5%.
Strong Cash Generation
Operating cash flow grew 148% year-over-year to $74.8M; cash and restricted cash increased $74.1M sequentially to $193.9M, resulting in a net cash position of approximately $75.1M (total debt $118.7M).
Gamer & Creator Peripherals Outperformance
Gamer and Creator Peripherals revenue grew 13% year-over-year to $115.9M; segment gross profit grew 27% to $52.0M and gross margin expanded to 44.9% (from 40%), driven by Fanatec, Elgato/Stream Deck momentum and improved mix.
D2C and Marketplace Momentum
Direct-to-consumer represented 20% of revenue. Elgato Marketplace revenue and transactions more than doubled in H1 2026; product submissions grew >300% and marketplace added >500,000 new accounts, accelerating the Stream Deck flywheel.
Memory and Systems Strength
Memory net revenue grew 17% year-over-year with share gains in North America and properly sized inventory. Systems showed solid year-over-year growth in AI workstations, positioning the company for the desktop AI PC market (~$22B TAM).
Cost Discipline
Operating expenses were cut by $6.1M year-over-year to $96.7M, allowing a larger portion of gross profit gains to flow to the bottom line.
One-Time Tariff Refund Benefit Recognized
Approximately $15.6M recognized to GAAP gross profit from tariff refunds, delivering ~500 basis points of gross margin benefit; net income benefited by ~$14.9M and adjusted EBITDA by ~$14.3M.
Raised Full-Year Guidance
Full-year 2026 guidance raised: net revenue to $1.40B–$1.47B (midpoint up ~ $35M vs prior), adjusted EBITDA to $121M–$131M (midpoint up ~ $19M), and non-GAAP diluted EPS to $0.85–$0.94.
Strategic M&A and Partnerships
Acquired Trak Racer (Sim Racing mechanicals) and made a minority investment in Bitfocus (broadcast/show-control software); expanded Fanatec licensing with a Nissan partnership, broadening higher-margin and recurring revenue opportunities.
DE:6C2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed