Corsair Gaming (CRSR)

NASDAQInformation TechnologyComputer HardwareSnapshot 2026-10-23

$13.73+0.66%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Corsair Gaming’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

0.0%

+10% or more+5%0%−5%−10% or less

0.83 → 0.83 EPS · FY ending Dec 31, 2027 · 6 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 6 to 6; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q3
Revenue	$320M–$350M	—
EPS	$0.09–$0.12non-GAAP	—
EBITDA	$18M–$21Mnon-GAAP	—
FY 2026 · Q4
Revenue	—	435.46M
EPS	—	0.286
FY 2026 · Annual
Revenue	$1.4B–$1.47B	1.44B
EPS	$0.85–$0.94non-GAAP	0.899
EBITDA	$121M–$131Mnon-GAAP	—
FY 2027 · Annual
Revenue	—	1.51B
EPS	—	0.829

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
gross profit increases sustainably	Gross profit also increased to $116.03M in 2026-Q1, showing better margins.	Intact	gross profit falls below $102M in next quarter	Gross profit: $104.288M FY2026-Q2; GAAP. Published target: gross profit >= $116M in next quarter. Target period is not explicitly aligned with this observation. Source published Aug 6, 2026104,288,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: f9454c64-8bb0-4101-9a0a-07471fa74883. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Gross margin expanded from approximately 26.9% in 2025-Q2 to a record 33.2% in 2026-Q2, with full year 2025 margin at 28.9% versus 24.9% in 2024. The trajectory shows delivering consistent margin expansion driven by product mix and operational discipline. Delivery assessment Oct 24, 2026
net income returns to positive	Corsair Gaming is improving profitability, with net income rising to $12.78M in 2026-Q1 from a loss of $10.46M a year earlier.	Intact	net income falls below 0 USD in FY26	Net income: $8.843M FY2026-Q2; GAAP. Published target: net income > 0 USD in FY26. Target period is not explicitly aligned with this observation. Source published Aug 6, 20268,843,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: f9454c64-8bb0-4101-9a0a-07471fa74883. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Gross margin improved to a record 33.2% in 2026-Q2, with net loss excluding tariff refund at $5.7 million and adjusted EBITDA excluding tariff refund at $16.6 million in 2026-Q2. Operating expenses were reduced by $6.1 million year-over-year in 2026-Q2. The trajectory shows delivering on profitability improvement and progress toward positive net income. Delivery assessment Oct 24, 2026
revenue grows at least 2.6% next year	A primary condition in Corsair Gaming's published investment case. The stated target is revenue growth >= 2.6% YoY in FY26.	Under Pressure	revenue growth falls below 2.6% YoY in FY26	Revenue growth: -1.8% FY2026-Q2; GAAP. Published target: revenue growth >= 2.6% YoY in FY26. Target period is not explicitly aligned with this observation. Source published Aug 6, 2026-1.804681 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: f9454c64-8bb0-4101-9a0a-07471fa74883. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$0.83

$0.77 → $0.83 · observed estimates

FY2027 revenue$1.51B

$1.51B → $1.51B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$0.77	$1,514,614,000	9 / 8
2026-07-25	$0.77	$1,515,239,000	9 / 8
2026-07-26	$0.77	$1,515,239,662	5 / 5
2026-07-27	$0.77	$1,515,239,662	5 / 6
2026-07-28	$0.77	$1,515,239,000	9 / 8
2026-07-29	$0.77	$1,515,239,662	5 / 6
2026-07-30	$0.77	$1,515,239,000	9 / 8
2026-07-31	$0.77	$1,515,239,000	9 / 8
2026-08-01	$0.77	$1,515,239,662	5 / 6
2026-08-02	$0.77	$1,515,239,000	9 / 8
2026-08-03	$0.77	$1,515,239,000	9 / 8
2026-08-04	$0.77	$1,515,239,000	9 / 8
2026-08-05	$0.77	$1,515,239,000	9 / 8
2026-08-06	$0.77	$1,515,239,000	9 / 8
2026-08-07	$0.77	$1,515,241,162	5 / 6
2026-08-08	$0.78	$1,519,173,000	9 / 8
2026-08-09	$0.78	$1,519,173,000	9 / 8
2026-08-10	$0.78	$1,519,173,000	9 / 8
2026-08-11	$0.77	$1,515,241,162	5 / 6
2026-08-12	$0.83	$1,528,277,380	9 / 8
2026-08-13	$0.83	$1,528,277,380	9 / 8
2026-08-14	$0.77	$1,515,241,162	5 / 6
2026-08-15	$0.77	$1,515,241,162	5 / 6
2026-08-16	$0.77	$1,515,241,162	5 / 6
2026-08-17	$0.77	$1,515,241,162	5 / 6
2026-08-18	$0.77	$1,515,241,162	5 / 6
2026-08-19	$0.77	$1,515,241,162	5 / 6
2026-08-20	$0.83	$1,511,835,375	6 / 6
2026-08-21	$0.83	$1,511,835,375	6 / 6
2026-08-22	$0.83	$1,511,835,375	6 / 6
2026-08-23	$0.83	$1,511,835,375	6 / 6
2026-08-24	$0.83	$1,511,835,375	6 / 6
2026-08-25	$0.83	$1,511,835,375	6 / 6
2026-08-26	$0.83	$1,511,835,375	6 / 6
2026-08-27	$0.83	$1,511,835,375	6 / 6
2026-08-28	$0.83	$1,511,835,375	6 / 6
2026-08-29	$0.83	$1,511,835,375	6 / 6
2026-08-30	$0.83	$1,511,835,375	6 / 6
2026-08-31	$0.83	$1,511,835,375	6 / 6
2026-09-01	$0.83	$1,511,835,375	6 / 6
2026-09-02	$0.83	$1,511,835,375	6 / 6
2026-09-03	$0.83	$1,511,835,375	6 / 6
2026-09-04	$0.83	$1,511,835,375	6 / 6
2026-09-05	$0.83	$1,511,835,375	6 / 6
2026-09-06	$0.83	$1,511,835,375	6 / 6
2026-09-07	$0.83	$1,511,835,375	6 / 6
2026-09-08	$0.83	$1,511,835,375	6 / 6
2026-09-09	$0.83	$1,511,835,375	6 / 6
2026-09-10	$0.83	$1,511,835,375	6 / 6
2026-09-11	$0.83	$1,511,835,375	6 / 6
2026-09-12	$0.83	$1,511,835,375	6 / 6
2026-09-13	$0.83	$1,511,835,375	6 / 6
2026-09-14	$0.83	$1,511,835,375	6 / 6
2026-09-15	$0.83	$1,511,835,375	6 / 6
2026-09-16	$0.83	$1,511,835,375	6 / 6
2026-09-17	$0.83	$1,511,835,375	6 / 6
2026-09-18	$0.83	$1,511,835,375	6 / 6
2026-09-19	$0.83	$1,511,835,375	6 / 6
2026-09-20	$0.83	$1,511,835,375	6 / 6
2026-09-21	$0.83	$1,511,835,375	6 / 6
2026-09-22	$0.83	$1,511,835,375	6 / 6
2026-09-23	$0.83	$1,511,835,375	6 / 6
2026-09-24	$0.83	$1,511,835,375	6 / 6
2026-09-25	$0.83	$1,511,835,375	6 / 6
2026-09-26	$0.83	$1,511,835,375	6 / 6
2026-09-27	$0.83	$1,511,835,375	6 / 6
2026-09-28	$0.83	$1,511,835,375	6 / 6
2026-09-29	$0.83	$1,511,835,375	6 / 6
2026-09-30	$0.83	$1,511,835,375	6 / 6
2026-10-01	$0.83	$1,511,835,375	6 / 6
2026-10-02	$0.83	$1,511,835,375	6 / 6
2026-10-03	$0.83	$1,511,835,375	6 / 6
2026-10-04	$0.83	$1,511,835,375	6 / 6
2026-10-05	$0.83	$1,511,835,375	6 / 6
2026-10-06	$0.83	$1,511,835,375	6 / 6
2026-10-07	$0.83	$1,511,835,375	6 / 6
2026-10-08	$0.83	$1,511,835,375	6 / 6
2026-10-09	$0.83	$1,511,835,375	6 / 6
2026-10-10	$0.83	$1,511,835,375	6 / 6
2026-10-11	$0.83	$1,511,835,375	6 / 6
2026-10-12	$0.83	$1,511,835,375	6 / 6
2026-10-13	$0.83	$1,511,835,375	6 / 6
2026-10-14	$0.83	$1,511,835,375	6 / 6
2026-10-15	$0.83	$1,511,835,375	6 / 6
2026-10-16	$0.83	$1,511,835,375	6 / 6
2026-10-17	$0.83	$1,511,835,375	6 / 6
2026-10-18	$0.83	$1,511,840,888	6 / 6
2026-10-19	$0.83	$1,511,840,888	6 / 6
2026-10-20	$0.83	$1,511,840,888	6 / 6
2026-10-21	$0.83	$1,511,840,888	6 / 6
2026-10-22	$0.83	$1,511,840,888	6 / 6
2026-10-23	$0.83	$1,511,840,888	6 / 6
2026-10-24	$0.83	$1,511,840,888	6 / 6

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	4	4	0
2026-06-01	4	5	0
2026-07-01	4	5	0
2026-08-01	4	5	1
2026-09-01	4	5	1
2026-10-01	4	4	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 4 Buy / Strong Buy · 4 Hold · 1 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

gross profit increases sustainablyGross profit: $104.288M
net income returns to positiveNet income: $8.843M
revenue grows at least 2.6% next yearPublished status: Under Pressure

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

2.2%Typical daily move · historical

Downside history

-46.7%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Corsair Gaming outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

CRSR is a profitability-improvement story, not yet a proven durable compounder, because it remains loss-making. The long-term thesis is intact, with recent momentum improving and management making progress on its stated priorities.

What's priced into Corsair Gaming

The evidence labels CRSR cheap versus peers, while also showing a 0.43 premium versus peers and a negative expectations gap. Those mixed signals, plus low model confidence, make the valuation picture uncertain; the priced-in assessment is classified as justified, with low fragility.

What the fundamentals likely do

Near-term results may remain uneven: recent earnings beats and rising company momentum are positive, but the business is still loss-making and has a history of erratic earnings surprises. Over the multi-year view, record gross margin, lower operating expenses, and stronger operating cash flow show progress toward profitability, though positive net income has not yet been reached.

What Corsair Gaming hinges on

The key company-specific swing factor is continued progress on margins and profitability; a guidance cut on the next call would be a meaningful setback. Near-term sentiment may also depend on interest-rate cuts and continued strength from sector bellwethers, but these are broader market factors rather than proof of CRSR’s own execution.