Corsair Gaming (CRSR) Q3 FY2026 earnings: revenue $367 million, up 6.1% on the year

Corsair Gaming, Inc. (CRSR) reported revenue of $367 million for Q3 FY2026, the quarter ended 30 September 2026, up 6.1% on the same quarter a year earlier. Net income was -$3 million, and diluted earnings per share $-0.02. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$367 million

+6.1% on the year · +16.8% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

-0.4%

-1.6% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$3 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.02

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised, 2 narrowed, 5 new.

Revenue above guided range: Net revenue reached $367.0 million, up 6% year-over-year, and $17.0 million above the high end of the guided $320 million to $350 million range.
Adjusted EBITDA rose 38%: Adjusted EBITDA reached $22.4 million, with its margin up 140 basis points to 6.1%, and was above the high end of the guided range.
Non-GAAP EPS above guided range: Non-GAAP diluted EPS was $0.13 against $0.06 a year ago, above the high end of the guided $0.09 to $0.12 range. GAAP diluted loss per share was $0.02.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	367	314	346	+16.8%	+6.1%
Cost of revenue	269	210	253	+28.2%	+6.5%
Gross profit	97.8	104	93.1	-6.2%	+5.1%
Gross margin	26.7%	33.2%	26.9%
Research and development	15.1	15.4	16.7	-2.2%	-9.5%
Selling, general and administrative	84.4	81.2	82.0	+3.9%	+2.8%
Operating income	-1.6	7.6	-5.6
Operating margin	-0.4%	2.4%	-1.6%
Pre-tax income	-1.4	9.1	-8.3
Income tax	1.0	-0.0	2.1		-52.4%
Effective tax rate	n/a	-0.3%	n/a
Net income	-2.6	8.8	-10.6
Net margin	-0.7%	2.8%	-3.1%
Diluted EPS	-$0.02	$0.06	-$0.09

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-14.1	74.8	-37.0
Capital expenditure	2.6	2.8	4.3	-4.7%	-39.1%
Free cash flow	-16.7	72.1	-41.3
Free cash flow margin	-4.5%	22.9%	-12.0%
Cash from investing	-47.2	-2.8	-4.3
Cash from financing	3.1	2.7	-0.4	+14.4%
Share-based compensation	6.5	5.9	5.2	+9.6%	+25.4%
Buybacks	0.0	0.0	n/a
Diluted shares, weighted	109m	109m	106m	-0.4%	+2.3%
Shares outstanding at period end	109m	108m	105m	+1.0%	+4.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	674	665	600	+1.3%	+12.2%
Redeemable equity	15.6	15.5	10.3	+0.5%	+50.5%
Debt	117	118	123	-1.3%	-5.0%
Operating lease liabilities	53.9	49.4	49.1	+9.0%	+9.8%
Other liabilities	478	368	416	+29.9%	+15.0%
Total liabilities and equity	1,338	1,216	1,198	+10.0%	+11.6%
Fixed assets	28.9	30.4	30.7	-4.8%	-5.8%
Goodwill	379	357	358	+6.1%	+6.0%
Intangible assets	106	106	136	-0.8%	-22.2%
Cash and equivalents	136	194	66.1	-29.7%	+106.2%
Receivables	189	160	192	+18.4%	-1.4%
Inventory	345	265	314	+30.3%	+9.6%
Other assets	154	104	102	+48.5%	+51.3%
Total assets	1,338	1,216	1,198	+10.0%	+11.6%

Questions

What was Corsair Gaming's revenue in Q3 FY2026?

Corsair Gaming (CRSR) reported revenue of $367 million for Q3 FY2026, the quarter ended 30 September 2026, up 6.1% on the same quarter a year earlier.

How much did Corsair Gaming earn in Q3 FY2026?

Net loss for Q3 FY2026 was $3 million, and the diluted loss per share $0.02.

When did Corsair Gaming report Q3 FY2026 results?

Corsair Gaming filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	511	381	284	312	399	354	325	363	417	337	261	304	414	370	320	346	437	355	314	367
Cost of revenue	389	290	247	240	301	269	243	274	315	251	198	235	305	267	234	253	292	238	210	269
Gross profit	122	90.8	36.5	71.6	97.9	85.4	82.8	89.4	103	86.6	63.1	69.7	108	102	85.9	93.1	145	116	104	97.8
Gross margin	24%	24%	13%	23%	25%	24%	25%	25%	25%	26%	24%	23%	26%	28%	27%	27%	33%	33%	33%	27%
R&D	15.1	17.1	18.0	15.6	15.7	16.8	15.6	16.1	16.7	16.6	17.4	16.5	17.0	17.6	17.5	16.7	17.3	17.2	15.4	15.1
SG&A	81.5	76.1	73.4	66.9	68.5	67.5	70.0	74.0	73.8	80.2	70.4	74.1	85.3	87.0	85.3	82.0	100	85.0	81.2	84.4
Operating income	25.1	-2.5	-55.0	-11.0	13.6	1.0	-2.7	-0.8	12.1	-10.2	-24.7	-20.9	5.9	-2.3	-16.9	-5.6	26.9	13.8	7.6	-1.6
Operating margin	5%	-1%	-19%	-4%	3%	0%	-1%	-0%	3%	-3%	-9%	-7%	1%	-1%	-5%	-2%	6%	4%	2%	-0%
Pre-tax income	22.5	-4.3	-56.0	-12.1	8.6	-2.3	-6.4	-3.0	8.2	-12.8	-27.5	-24.6	3.2	-8.3	-20.7	-8.3	25.1	12.9	9.1	-1.4
Tax rate	-10%	n/a	n/a	n/a	17%	n/a	n/a	n/a	7%	n/a	n/a	n/a	15%	n/a	n/a	n/a	-4%	-1%	-0%	n/a
Net income	24.7	-2.9	-52.0	-6.2	6.7	-2.0	-4.5	-3.1	7.0	-11.6	-24.2	-51.7	2.3	-10.5	-20.9	-10.6	25.8	12.8	8.8	-2.6
Net margin	5%	-1%	-18%	-2%	2%	-1%	-1%	-1%	2%	-3%	-9%	-17%	1%	-3%	-7%	-3%	6%	4%	3%	-1%
Diluted EPS	$0.24	$0.05	-$0.62	$0.09	$0.12	-$0.01	$0.01	-$0.03	$0.06	-$0.12	-$0.28	-$0.56	$0.01	-$0.10	-$0.16	-$0.09	$0.22	$0.11	$0.06	-$0.02
Operating cash flow	-4.9	-6.1	16.2	35.1	21.2	41.8	2.1	-11.9	57.1	-26.3	-18.5	25.1	55.6	18.8	30.2	-37.0	38.2	29.7	74.8	-14.1
Capital expenditure	3.3	4.4	7.6	7.9	6.5	4.7	2.8	3.3	2.0	2.5	2.5	3.3	1.5	3.1	2.7	4.3	5.2	3.7	2.8	2.6
Free cash flow	-8.2	-10.5	8.6	27.2	14.8	37.1	-0.6	-15.2	55.1	-28.8	-21.0	21.8	54.1	15.7	27.5	-41.3	32.9	26.1	72.1	-16.7
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	5.0	0.0	0.0
Shares outstanding	95m	95m	96m	96m	95m	101m	101m	101m	101m	103m	103m	103m	103m	105m	105m	105m	107m	107m	108m	109m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.