Corsair Gaming (NASDAQ:CRSR) Reaches New 52-Week High Following Earnings Beat

Corsair Gaming, Inc. (NASDAQ:CRSR)’s stock price reached a new 52-week high on Friday following a stronger than expected earnings report. The company traded as high as $14.24 and last traded at $14.2380, with a volume of 1709288 shares traded. The stock had previously closed at $10.61.

The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.16. Corsair Gaming had a return on equity of 9.71% and a net margin of 0.71%.The firm had revenue of $314.33 million during the quarter, compared to analysts’ expectations of $310.47 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. Corsair Gaming’s revenue was down 1.8% compared to the same quarter last year. Corsair Gaming has set its FY 2026 guidance at 0.850-0.940 EPS and its Q3 2026 guidance at 0.090-0.120 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CRSR. Wall Street Zen raised shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Zacks Research upgraded shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Wedbush boosted their price target on Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday. Roth Capital restated a “buy” rating on shares of Corsair Gaming in a report on Friday. Finally, Weiss Ratings raised Corsair Gaming from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.29.

Hedge Funds Weigh In On Corsair Gaming

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in Corsair Gaming by 144.4% during the fourth quarter. Invesco Ltd. now owns 1,330,581 shares of the company’s stock worth $7,904,000 after buying an additional 786,049 shares in the last quarter. Millennium Management LLC lifted its position in shares of Corsair Gaming by 506.2% in the fourth quarter. Millennium Management LLC now owns 635,798 shares of the company’s stock valued at $3,777,000 after acquiring an additional 530,914 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Corsair Gaming in the third quarter valued at $3,877,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Corsair Gaming by 15.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,042,943 shares of the company’s stock valued at $18,075,000 after acquiring an additional 401,171 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Corsair Gaming by 328.9% during the 2nd quarter. AQR Capital Management LLC now owns 397,881 shares of the company’s stock worth $3,752,000 after purchasing an additional 305,103 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Trading Up 31.8%

The business has a 50-day moving average of $9.63 and a 200 day moving average of $7.33. The stock has a market cap of $1.50 billion, a PE ratio of 173.73 and a beta of 1.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.74.

Corsair Gaming Company Profile

Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.

The company’s solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.