Turtle Beach Corp. (TBCH)

Q: What's priced into Turtle Beach Corp. (TBCH) stock?

The valuation evidence is mixed: one measure says TBCH is cheap versus peers, while another shows a 0.31 premium to peers. The model has low confidence, and its expectations gap is negative, so the evidence does not support a clear conclusion about what the market assumes.

Q: What does the Turtle Beach Corp. (TBCH) outlook hinge on?

The key test is whether second-half revenue rebounds and the company meets its reaffirmed 2026 revenue and adjusted EBITDA guidance. A guidance cut or another earnings miss would weaken the thesis, while lower interest rates and stronger results from sector peers are potential tailwinds, not company-specific proof of recovery.

NASDAQInformation TechnologyConsumer ElectronicsSnapshot 2026-10-23

$16.46+0.18%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Turtle Beach Corp.’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

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

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

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q4
Revenue	—	151.8M
EPS	—	1.523
FY 2026 · Annual
Revenue	$335M–$355M	343.35M
EPS	—	0.582
EBITDA	$44M–$48Mnon-GAAP	—
FY 2027 · Annual
Revenue	—	377.76M
EPS	—	1.078

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
Adjusted EBITDA between $44 million and $48 million in 2026	The company targets adjusted EBITDA near $46 million.	Intact	Adjusted EBITDA falls below $44 million in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Successful appointment of a permanent CFO	The CFO transition is managed carefully.	Under Pressure	No permanent CFO appointed by end of 2026	No permanent CFO appointed (qualitative) CFO resigned May 2026 with no permanent successor named; Q2 2026 earnings missed revenue estimates. Context reviewed through Oct 23, 2026Last status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Newly stated in 2026-Q2. Management announced the appointment of an interim CFO following the resignation of the prior CFO. The company affirmed that financial operations and strategic priorities remain fully on track during this transition. No financial metrics directly tied to this priority yet; trajectory is stable. Delivery assessment Oct 24, 2026
Full-year 2026 revenue between $335 million and $355 million	A primary condition in Turtle Beach Corp.'s published investment case. The stated target is >= $335 million and <= $355 million.	Intact	Annual revenue falls below $335 million in FY26	Revenue: $56.365M FY2026-Q2; GAAP. Published target: >= $335 million and <= $355 million. Target period is not explicitly aligned with this observation. Source published Aug 6, 202656,365,000 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: 276412f8-8589-4448-9774-028ffd220bd0. 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 3 of last 3 quarters. Management has consistently reaffirmed full-year 2026 net revenue guidance between $335 million and $355 million, targeting 5% to 11% growth. Actual quarterly revenue showed a slight decline in 2026-Q2 compared to prior year, but management expects a rebound in the second half of 2026. The trajectory is mixed with reaffirmed guidance but recent quarterly revenue is stagnant. Delivery assessment Oct 24, 2026

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: comparable history unavailable.

FY2027 revenueUnavailable

$0.38B → Unavailable · 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	Unavailable	$377,820,000	3 / 5
2026-07-25	Unavailable	$377,820,000	3 / 5
2026-07-26	Unavailable	$377,820,000	3 / 5
2026-07-27	Unavailable	$377,820,000	3 / 5
2026-07-28	Unavailable	$377,820,000	3 / 5
2026-07-29	Unavailable	Unavailable	3 / 4
2026-07-30	Unavailable	$377,820,000	3 / 5
2026-07-31	Unavailable	Unavailable	3 / 4
2026-08-01	Unavailable	Unavailable	3 / 4
2026-08-02	Unavailable	$377,820,000	3 / 5
2026-08-03	Unavailable	Unavailable	3 / 4
2026-08-04	Unavailable	$377,820,000	3 / 5
2026-08-05	Unavailable	$377,820,000	3 / 5
2026-08-06	Unavailable	Unavailable	3 / 4
2026-08-08	Unavailable	$377,820,000	3 / 5
2026-08-09	Unavailable	$377,820,000	3 / 5
2026-08-10	Unavailable	Unavailable	3 / 4
2026-08-12	Unavailable	$377,760,000	3 / 5
2026-08-13	Unavailable	$377,760,000	3 / 5
2026-08-14	Unavailable	Unavailable	3 / 4
2026-08-15	Unavailable	Unavailable	3 / 4
2026-08-16	Unavailable	Unavailable	3 / 4
2026-08-17	Unavailable	Unavailable	3 / 4
2026-08-18	Unavailable	Unavailable	3 / 4
2026-08-19	Unavailable	Unavailable	3 / 4
2026-08-20	Unavailable	Unavailable	3 / 4
2026-08-21	Unavailable	Unavailable	3 / 4
2026-08-22	Unavailable	Unavailable	3 / 4
2026-08-23	Unavailable	Unavailable	3 / 4
2026-08-24	Unavailable	Unavailable	3 / 4
2026-08-25	Unavailable	Unavailable	3 / 4
2026-08-26	Unavailable	Unavailable	3 / 4
2026-08-27	Unavailable	Unavailable	3 / 4
2026-08-28	Unavailable	Unavailable	3 / 4
2026-08-29	Unavailable	Unavailable	3 / 4
2026-08-30	Unavailable	Unavailable	3 / 4
2026-08-31	Unavailable	Unavailable	3 / 4
2026-09-01	Unavailable	Unavailable	3 / 4
2026-09-02	Unavailable	Unavailable	3 / 4
2026-09-03	Unavailable	Unavailable	3 / 4
2026-09-04	Unavailable	Unavailable	3 / 4
2026-09-05	Unavailable	Unavailable	3 / 4
2026-09-06	Unavailable	Unavailable	3 / 4
2026-09-07	Unavailable	Unavailable	3 / 4
2026-09-08	Unavailable	Unavailable	3 / 4
2026-09-09	Unavailable	Unavailable	3 / 4
2026-09-10	Unavailable	Unavailable	3 / 4
2026-09-11	Unavailable	Unavailable	3 / 4
2026-09-12	Unavailable	Unavailable	3 / 4
2026-09-13	Unavailable	Unavailable	3 / 4
2026-09-14	Unavailable	Unavailable	3 / 4
2026-09-15	Unavailable	Unavailable	3 / 4
2026-09-16	Unavailable	Unavailable	3 / 4
2026-09-17	Unavailable	Unavailable	3 / 4
2026-09-18	Unavailable	Unavailable	3 / 4
2026-09-19	Unavailable	Unavailable	3 / 4
2026-09-20	Unavailable	Unavailable	3 / 4
2026-09-21	Unavailable	Unavailable	3 / 4
2026-09-22	Unavailable	Unavailable	3 / 4
2026-09-23	Unavailable	Unavailable	3 / 4
2026-09-24	Unavailable	Unavailable	3 / 4
2026-09-25	Unavailable	Unavailable	3 / 4
2026-09-26	Unavailable	Unavailable	3 / 4
2026-09-27	Unavailable	Unavailable	3 / 4
2026-09-28	Unavailable	Unavailable	3 / 4
2026-09-29	Unavailable	Unavailable	3 / 4
2026-09-30	Unavailable	Unavailable	3 / 4
2026-10-01	Unavailable	Unavailable	3 / 4
2026-10-02	Unavailable	Unavailable	3 / 4
2026-10-03	Unavailable	Unavailable	3 / 4
2026-10-04	Unavailable	Unavailable	3 / 4
2026-10-05	Unavailable	Unavailable	3 / 4
2026-10-06	Unavailable	Unavailable	3 / 4
2026-10-07	Unavailable	Unavailable	3 / 4
2026-10-08	Unavailable	Unavailable	3 / 4
2026-10-09	Unavailable	Unavailable	3 / 4
2026-10-10	Unavailable	Unavailable	3 / 4
2026-10-11	Unavailable	Unavailable	3 / 4
2026-10-12	Unavailable	Unavailable	3 / 4
2026-10-13	Unavailable	Unavailable	3 / 4
2026-10-14	Unavailable	Unavailable	3 / 4
2026-10-15	Unavailable	Unavailable	3 / 4
2026-10-16	Unavailable	Unavailable	3 / 4
2026-10-17	Unavailable	Unavailable	3 / 4
2026-10-18	Unavailable	Unavailable	3 / 4
2026-10-19	Unavailable	Unavailable	3 / 4
2026-10-20	Unavailable	Unavailable	3 / 4
2026-10-21	Unavailable	Unavailable	3 / 4
2026-10-22	Unavailable	Unavailable	3 / 4
2026-10-23	Unavailable	Unavailable	3 / 4
2026-10-24	Unavailable	Unavailable	3 / 4

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
2026-05-01	5	1
2026-06-01	5	1
2026-07-01	4	1
2026-08-01	4	1
2026-09-01	4	1
2026-10-01	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 · 1 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Roth CapitalOct 15

$18.00New observation · no comparable prior

$0$9.90$19.80

0 raises · 0 cuts · 0 unchanged · 1 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

Adjusted EBITDA between $44 million and $48 million in 2026Direct metric needs a verified mapping
Successful appointment of a permanent CFOPublished status: Under Pressure
Full-year 2026 revenue between $335 million and $355 millionRevenue: $56.365M

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

1.7%Typical daily move · historical

Downside history

-40.7%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Turtle Beach Corp. 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

This is a higher-risk recovery story, not a proven durable compounder. The long-term thesis is in a watch state, with recent performance below its industry cohort and confidence in the assessment rated medium.

What's priced into Turtle Beach Corp.

The valuation evidence is mixed: one measure says TBCH is cheap versus peers, while another shows a 0.31 premium to peers. The model has low confidence, and its expectations gap is negative, so the evidence does not support a clear conclusion about what the market assumes.

What the fundamentals likely do

Near term, repeated earnings misses and a stated 54% miss probability point to elevated execution risk. Adjusted EBITDA improved to a profit in 2026-Q2, but revenue declined slightly year over year; management has reaffirmed its 2026 guidance while expecting a second-half revenue rebound. The interim CFO transition is described as stable, though management execution remains volatile.

What Turtle Beach Corp. hinges on