Q2 2026 Corsair Gaming Inc Earnings Call Transcript
Key Points
- Gross profit grew 21% year-over-year, with a record gross margin of 33.2%.
- Gamer and creator peripherals revenue grew 13% year-over-year, with gross margin expanding to 44.9%.
- Operating cash flow surged 148% year-over-year to $74.8 million, with strong working capital management.
- Elgato Marketplace revenue and transactions more than doubled year-over-year, with over 500,000 new accounts added.
- Raised full-year 2026 outlook for revenue, adjusted EBITDA, and non-GAAP EPS, reflecting improved business momentum.
- Gaming components and systems revenue declined 9% year-over-year due to elevated memory pricing delaying DIY PC builds.
- Memory pricing pressure is expected to continue, with the segment projected to decline low double-digits in Q3.
- Gross margin benefited from a one-time $15.6 million tariff refund, which may not recur.
- AI workstation revenue contribution is expected to be minimal until late 2027 due to tight GPU allocation.
- Q3 2026 adjusted EBITDA guidance of $18-21 million is lower than Q2's $30.8 million, indicating a sequential decline.
Good afternoon and welcome to Corsair Gaming's second quarter 2026 earnings conference call.
At this time, all participants are in listen-only mode.
After the speaker's prepared remarks, we will conduct a question-and-answer session.
To ask a question at that time. Please press then 1 on your telephone keypad.
I would now like to turn the call over to David Pascal, Investor Relations. Please go ahead.
Thank you, operator. Good afternoon, everyone, and thank you for joining us today. With me on the call are Tila, our Chief Executive Officer, and Gordon Mattingly, our Chief Financial Officer.
Before we begin, I'd like to remind you that today's discussion contains forward-looking statements, including but not limited to our guidance for the third quarter and full year 2026.
Potential future growth in certain product categories and other statements that are not historical in nature, are predictive in nature or depend upon or refer to future events or
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