Corsair Gaming's second quarter 2026 results beat estimates behind record 33.2% gross margins

Corsair Gaming reported second quarter 2026 revenue of $314.3 million, surpassing analyst estimates, with a significant beat on non-GAAP EPS of $0.23. Profitability reached record levels as gross margins expanded 635 basis points year-over-year, supported by a favorable product mix and a one-time $15.6 million tariff refund. Excluding the tariff benefit, adjusted EBITDA and non-GAAP EPS still exceeded the high end of previous company guidance.

Key Highlights

• Record gross margin of 33.2% was driven by a shift toward higher-margin peripherals and the aforementioned tariff refund, which contributed 500 basis points to the result.
• Gamer and Creator Peripherals revenue grew 13% year-over-year to $115.9 million, led by momentum in Sim Racing and the Elgato ecosystem.
• Gaming Components and Systems revenue fell 9% to $198.5 million as elevated memory pricing continued to weigh on DIY PC build demand.
• Management raised full-year 2026 revenue guidance to a range of $1.40 billion to $1.47 billion and increased the adjusted EBITDA midpoint by $19 million to $126 million.