Overview

* Corsair Gaming's Q3 2025 revenue grows 14% yr/yr, but falls short of analysts' expectations

* Adjusted EBITDA for Q3 more than doubles

* Gross profit rises 34%, reflecting improved product mix and operational efficiency

* Co does not anticipate a material net impact from known or announced tariffs through year-end, per CFO Michael G. Potter

Outlook

* Corsair expects 2025 net revenue between $1.425 bln and $1.475 bln

* Adjusted EBITDA for 2025 projected between $85 mln and $90 mln

* Company anticipates improved EBITDA margin exiting 2025

* Forecast assumes conservative outlook for Q4 amid tight DDR5 memory market and customer spending patterns

Result Drivers

* COMPONENT DEMAND - Increased demand for memory products and system upgrades, driven by NVIDIA 5000 series GPUs, boosted the Gaming Components and Systems segment

* NEW PRODUCT LAUNCHES - Successful launches of the Saber Pro mouse and Vanguard 96 keyboard supported growth in the Gamer and Creator Peripherals segment

* SIM RACING PRODUCTS - Momentum in Fanatec-branded sim racing products remained strong, aided by operational improvements and expanded distribution

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $345.76 $354.04

Revenue mln mln (7

Analysts

)

Q3 Net -$10.39

Income mln

Q3 Gross $93.09

Profit mln

Q3 -$5.62

Operatin mln

g income

Q3 -$8.31

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "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 ( CRSR ) is $11.50, about 29.5% above its November 3 closing price of $8.11

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(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.)