Corsair Gaming, Inc. (CRSR) AI Stock Analysis

Corsair Gaming, Inc. designs, markets, and distributes gaming and streaming peripherals, components, and systems across the Americas, Europe, the Middle East, and Asia Pacific. Its peripherals catalog features gaming keyboards, mice, headsets, controllers, capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. The company also provides PC gaming components and systems, including power supply units, cooling solutions, computer cases, DRAM modules, and prebuilt or custom-built gaming PCs. Corsair distributes software solutions such as iCUE and Elgato's streaming suite, offers coaching and training services, and sells through distributors, retailers, online platforms, and its direct-to-consumer website.

Corsair's revenue shifted from $1.90B in FY2021 to $1.38B in FY2022, $1.46B in FY2023, $1.32B in FY2024, and rebounded 11.9% to $1.47B in FY2025. Over the 5-year period from FY2020 to FY2025, revenue registered a CAGR of -2.9%. Gross margin reached 28.9% in FY2025, up from 21.6% in FY2022, while operating margin was 0.1%. Net income was $101.0M in FY2021 before reporting losses, including -$12.5M in FY2025. For the trailing twelve months, revenue stood at $1.45B with an operating margin of -2.5%. In the latest quarter ended June 30, 2026, quarterly revenue fell 1.8% year-over-year, while quarterly earnings grew 1667.9%.

As of June 30, 2026, Corsair held $193.6M in cash and short-term investments against total debt of $118.3M, resulting in net cash of $75.3M. Shareholders' equity was $664.9M and total assets were $1.22B. The company maintained a current ratio of 1.75 and a debt-to-equity ratio of 0.18. Operating cash flow stood at $50.1M and free cash flow was $34.7M in FY2025, while capital expenditures were $15.4M. Over the last five years, Corsair's share count increased 9.6%.

Corsair trades at a trailing P/E of 41.3x and a forward P/E of 17.3x, compared to the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its price-to-sales ratio is 1.0x, lower than the peer median of 2.8x, and its EV-to-EBITDA stands at 14.5x versus 16.6x for peers. Over the past year, the stock returned 60.5%, outpacing the S&P 500 return of 16.8%. Over a 5-year period, however, Corsair shares fell 48.4% compared to an 83.0% gain for the S&P 500.

Wall Street analysts maintain 3 Strong Buy, 1 Buy, 4 Hold, 0 Sell, and 1 Strong Sell ratings on Corsair Gaming. The mean price target is $13.22, representing a 3.4% premium over the last close of $12.79. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $1.44B and EPS of $0.90, reflecting 45.0% EPS growth. In FY2027, 9 analysts project revenue of $1.51B and EPS of $0.83. Corsair beat EPS estimates in 3 of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of Corsair Gaming, Inc. (CRSR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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