Corsair Gaming (CRSR)
NASDAQ:CRSR
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Corsair Gaming
(NASDAQ:CRSR)
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Rating:53Neutral
Price Target:
$6.50
▲(5.52% Upside)
Action:ReiteratedDate:02/18/26
The score is held back mainly by inconsistent profitability (net losses and very thin operating margin) and a weak technical backdrop (below key moving averages with negative MACD). These are partially offset by improved balance sheet leverage, consistently positive operating/free cash flow, and an earnings call that highlighted strong FY2025 margin/EBITDA execution plus buybacks, despite conservative 2026 revenue guidance and supply/tariff headwinds.
Positive Factors
Improved leverage and sizable equity
Corsair's materially lower leverage and substantial equity base increase financial flexibility for capex, buybacks, or M&A without over-relying on markets. A stronger capital structure reduces refinancing risk and supports sustained investment in product and channel execution over the next several quarters.
Negative Factors
Inconsistent profitability and thin margins
Despite revenue recovery and gross margin gains, operating profitability remains minimal and net losses linger. Low operating leverage heightens sensitivity to cost pressure or demand softness, limiting the company's ability to sustainably fund growth or deliver consistent shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and sizable equity
Corsair's materially lower leverage and substantial equity base increase financial flexibility for capex, buybacks, or M&A without over-relying on markets. A stronger capital structure reduces refinancing risk and supports sustained investment in product and channel execution over the next several quarters.
Read all positive factors
Corsair Gaming (CRSR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$657.04M
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)―
Beta (1Y)1.91
Revenue Growth9.79%
EPS Growth63.17%
CountryUS
Employees2,567
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)0.43
Shares Outstanding106,662,340
10 Day Avg. Volume796,399
30 Day Avg. Volume1,294,510
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)0.99
Price to Sales (P/S)0.43
P/FCF Ratio18.12
Enterprise Value/Market Cap1.07
Enterprise Value/Revenue0.48
Enterprise Value/Gross Profit1.65
Enterprise Value/Ebitda13.76
Forecast
1Y Price Target
$7.83Price Target Upside27.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.7
Revenue Forecast (FY)$1.42B
Corsair Gaming Business Overview & Revenue Model
Company Description
Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator p...
How the Company Makes Money
Corsair primarily makes money by selling branded gaming and PC-performance products through retail, e-commerce, and distribution channels to end customers (gamers, PC enthusiasts, and content creators) and channel partners. Its revenue is mainly g...
Corsair Gaming Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where Corsair Gaming is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where Corsair Gaming is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyCorsair Gaming Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Positive
The call emphasized strong 2025 operational and financial performance — double-digit revenue growth for the year, outsized profit and margin expansion, debt reduction, cash build, product momentum at CES, and growing D2C and marketplace engagement. Management acknowledged near-term headwinds (global semiconductor shortages, tariff impact, and softer North American peripherals demand) and provided conservative 2026 guidance that implies modest revenue contraction at the midpoint but continued profitability focus (stable to slightly higher adjusted EBITDA). On balance, the positives around margin expansion, EBITDA growth, capital returns, product and ecosystem progress, and balance sheet improvement materially outweigh the listed near-term risks.Positive Updates
Full Year Revenue Growth
Revenue grew 12% year-over-year to approximately $1,470,000,000 for fiscal 2025.
Negative Updates
Near-Term Revenue Guidance Decline
Full-year 2026 revenue guidance range of $1,330,000,000 to $1,470,000,000 implies about a 5% decrease year-over-year at the midpoint (management cites conservatism and semiconductor constraints).
Read all updates
Q4-2025 Updates
Positive
Negative
Full Year Revenue Growth
Revenue grew 12% year-over-year to approximately $1,470,000,000 for fiscal 2025.
Read all positive updates
Company Guidance
Management's guidance for 2026 calls for full‑year net revenue of $1.33B–$1.47B, adjusted EBITDA of $100M–$115M, and non‑GAAP EPS of $0.58–$0.74; first‑quarter 2026 guidance is revenue of $335M–$365M, adjusted EBITDA of $25M–$30M, and non‑GAAP EPS of $0.18–$0.22. At the midpoints this implies roughly a 5% revenue decline versus FY2025 revenue of ~$1.47B while adjusted EBITDA is expected to grow year‑over‑year (FY2025 adjusted EBITDA was ~ $101M). The outlook assumes double‑digit growth in gamer/creator peripherals offset by a cautious components/systems outlook due to semiconductor shortages, with segment gross margins modeled roughly flat, a full‑year tariff headwind of about $12M, and an expected 3–4% reduction in OpEx; management also highlighted cash up ~ $33M in Q4, debt reduction of >$50M in 2025, and a new share repurchase authorization of up to $50M.Corsair Gaming Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
67
Positive
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.47B | 1.32B | 1.46B | 1.38B | 1.90B |
| Gross Profit | 425.88M | 327.60M | 360.26M | 296.63M | 513.85M |
| EBITDA | 51.39M | 3.45M | 64.64M | -683.00K | 172.42M |
| Net Income | -12.46M | -85.18M | -2.59M | -54.39M | 100.96M |
Balance Sheet | |||||
| Total Assets | 1.25B | 1.24B | 1.36B | 1.30B | 1.34B |
| Cash, Cash Equivalents and Short-Term Investments | 98.58M | 107.01M | 175.62M | 151.18M | 62.41M |
| Total Debt | 121.34M | 237.04M | 246.50M | 295.17M | 308.26M |
| Total Liabilities | 608.03M | 616.38M | 663.48M | 641.81M | 769.22M |
| Stockholders Equity | 633.56M | 604.30M | 667.58M | 623.84M | 568.18M |
Cash Flow | |||||
| Free Cash Flow | 34.75M | 26.03M | 76.39M | 40.07M | 9.22M |
| Operating Cash Flow | 50.12M | 35.88M | 89.15M | 66.39M | 20.19M |
| Investing Cash Flow | -15.37M | -52.70M | -26.98M | -47.03M | -20.54M |
| Financing Cash Flow | -48.87M | -50.68M | -37.39M | 72.61M | -65.40M |
Corsair Gaming Technical Analysis
Positive
6.16
Price Trends
5.54
Positive
5.74
Positive
7.12
Negative
Market Momentum
0.12
Negative
64.00
Neutral
94.56
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRSR, the sentiment is Positive. The current price of 6.16 is above the 20-day moving average (MA) of 5.62, above the 50-day MA of 5.54, and below the 200-day MA of 7.12, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 64.00 is Neutral, neither overbought nor oversold. The STOCH value of 94.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRSR.
Corsair Gaming Risk Analysis
Corsair Gaming disclosed 63 risk factors in its most recent earnings report. Corsair Gaming reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Corsair Gaming Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $910.66M | 13.89 | 20.44% | 10.80% | -2.72% | 32.20% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $243.17M | 31.62 | 16.33% | ― | 14.33% | 36.97% | |
53 Neutral | $657.04M | -50.52 | -2.91% | ― | 9.79% | 63.17% | |
52 Neutral | $734.19M | -6.79 | -12.33% | ― | -2.93% | -22.55% | |
45 Neutral | $296.50M | 7.65 | 14.09% | ― | -11.78% | ― |
* Technology Sector Average
CRSR
Corsair Gaming
6.16
0.13
2.16%
DDD
3D Systems
2.03
0.17
9.14%
SSYS
Stratasys
8.52
-0.56
-6.17%
OSS
One Stop Systems
9.83
7.71
363.68%
CRCT
Cricut Inc
4.30
0.74
20.75%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.