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Corsair Gaming Q3 revenue beats estimates on memory demand

By Reuters News


Overview

  • Gaming hardware maker's Q3 revenue rose 6% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 more than doubled yr/yr

  • Growth driven by strong memory demand and supply chain execution


Outlook

  • Corsair sees Q4 net revenue between $420 mln and $450 mln

  • Company raises 2026 revenue outlook to $1.456 bln-$1.486 bln from $1.40 bln-$1.47 bln

  • Company expects continued softness in DIY PC demand due to elevated memory pricing


Result Drivers

  • MEMORY DEMAND - Co said strong demand and market share gains in memory drove 43% yr/yr revenue growth in that category, offsetting softness in DIY components

  • SUPPLY CHAIN EXECUTION - Co attributed memory growth to strong supply chain execution and inventory build ahead of Q4

  • PERIPHERALS BACKLOG - Co said Peripherals segment growth was limited by delayed product launches and logistics, resulting in higher backlog at quarter end


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$367.03 mln

$336.56 mln (9 Analysts)

Q3 Net Loss

$2.39 mln

Q3 Gross Profit

$97.83 mln

Q3 Operating income

-$1.64 mln

Q3 Pretax Loss

$1.40 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the computer hardware peer group is "buy."

  • Wall Street's median 12-month price target for Corsair Gaming Inc is $12.00, about 9.9% below its November 4 closing price of $13.32

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Nov 4 - Cirrus Logic Q2 revenue beats on smartphone demand

  • Nov 4 - SiTime Q3 revenue beats estimates on AI infrastructure demand

  • Nov 4 - Qualcomm Q4 revenue beats expectations


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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