Corsair Gaming swings to a $13.8 million operating profit in the first quarter as revenue falls 4.1%

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Corsair Gaming, which sells high-performance products for gamers and digital creators, reported revenue of $354.51 million for the quarter to Mar 31, 2026, down 4.1% from $369.75 million a year earlier. It filed the figures on May 7, 2026 in a quarterly report on Form 10-Q, the filing a US-listed company makes with the SEC, and in an earnings release on Form 8-K. Operating income was $13.8 million, against an operating loss of $2.26 million a year earlier. Net income attributable to the company's shareholders was $12.78 million, against a loss of $10.46 million, and diluted earnings per share were $0.11, against a loss of $0.10 a share.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14^,15

Gamer and Creator Peripherals, which covers gaming keyboards, mice, headsets, controllers and streaming products, brought in $123.31 million, up 10.1%, which the company ties to new products and market share gains in peripherals, streaming and sim racing. Gaming Components and Systems, which covers power supply units, cooling, cases, memory modules and prebuilt gaming PCs, brought in $231.2 million, down 10.3%, which the company ties to softer demand for self-built PCs, reflecting the lack of a significant GPU-driven upgrade cycle and elevated memory pricing, partly offset by strength in memory and systems products. Within that segment, Memory Products revenue was $149.56 million, up 6.0%, and Other Component Products revenue was $81.64 million, down 30.0%. Corsair says a global semiconductor supply constraint driven by AI infrastructure has raised the market price of DRAM modules substantially.16^,17^,18^,19^,20^,21^,22^,23^,24^,25^,26^,27^,28^,29

Gross margin was 32.7%, against 27.7% a year earlier; the company says a 580 basis point gain from product mix and higher pricing was partly offset by a 100 basis point cost from higher tariffs (a basis point is a hundredth of a percentage point). Its own adjusted EBITDA, a non-GAAP measure it defines, was $35.8 million, against $22.6 million a year earlier. That measure leaves out amortization, stock-based compensation, restructuring and other charges, among other items. On Jan 30, 2026 its board authorized its first share repurchase program, of up to $50 million, and it bought back about 0.9 million shares for $5.0 million in the quarter.30^,31^,32^,33^,34^,35

In February 2026 the U.S. Supreme Court ruled that certain tariffs imposed under the International Emergency Economic Powers Act were invalid, and in April 2026 Corsair submitted refund claims; it had recognized no receivable for them at Mar 31, 2026. For the second quarter of 2026, Corsair guided net revenue of $295 million to $320 million, and chief executive Thi La called the first quarter a strong start to 2026.36^,37^,38^,39^,40^,41

Our records hold the text of the 10-Q's management discussion but nothing else of that filing's text, so its notes to the financial statements are not read here. Our records keep one value for each period, so they cannot tell whether the year-earlier figures were restated.42^,43