Filing Flows › Corsair Gaming (CRSR) › Q1 2026
Corsair Gaming (CRSR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Corsair Gaming (CRSR) reported revenue of $355M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -19% from the quarter before. Operating margin was 3.9%, net earnings $13.1M (3.7% of revenue).
Corsair Gaming, Q1 2026: revenue $355M (-4% year over year), operating margin 3.9%, net earnings $13.1M, operating cash flow $29.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $355M | -19% | -4% |
| Gross profit | $116M | -20% | +13% |
| Operating profit | $13.8M | -49% | — |
| Net earnings | $13.1M | -50% | — |
| Operating cash flow | $29.7M | -22% | +59% |
| Free cash flow | $26.1M | -21% | +66% |
What changed
Revenue was $354.5M in Q1 2026, down 4% year over year and down 19% from the previous quarter. Gaming Components and Systems was the largest line at 65% of revenue. Gaming Components and Systems lost $26.6M year over year (down 10%), 174% of the total change.
Gross margin was 32.7%, up 5.0 points from Q1 2025. Operating profit was $13.8M, a 3.9% margin (up 4.5 points year over year). Operating expenses fell 2% while revenue fell 4%. Net earnings were $12.8M. The effective tax rate was -1.2%.
Operating cash flow was $29.7M (up 59% year over year), 228% of net income including minority interests. Non-cash charges added back $3.6M of depreciation and $6.7M of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $3.7M left free cash flow of $26.1M.
Questions
What was Corsair Gaming's revenue in the first quarter 2026?
Corsair Gaming (CRSR) reported revenue of $355M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -19% from the quarter before.
Was Corsair Gaming profitable in the first quarter 2026?
Operating profit was $13.8M (3.9% of revenue) and net earnings $13.1M.
Source: Corsair Gaming 10-Q on SEC EDGAR.