Corsair Gaming, Inc. · NASDAQ:CRSR
Corsair Gaming — Q1 2026 Earnings Presentation
38 slides from Corsair Gaming's earnings presentation, May 7, 2026
Slide 1: Investor Presentation May 7th 2026
INVESTOR PRESENTATION M A Y 7 th 2 0 2 6
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements This press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Company’s financial outlook for the fiscal quarter endi
Slide 3: Powered By Passion. Dedicated To Play.
Powered By Passion. Dedicated To Play. CORSAIR’s mission is to design and deliver high-quality, high-performance PC components, peripherals, and Sim Racing gear that empower gamers, creators, and enthusiasts worldwide. CORSAIR INVESTOR PRESENTATION | MAY 2026
Slide 4: Corsair at a Glance
CORSAIR AT A GLANCE Trailing 12-month Trailing 12-month Trailing 12-month Market Leader in REVENUE2 GROSS PROFIT2 ADJUSTED EBITDA(1)(2) Gamer + Creator $1,457M $440M $114M Peripherals and Performance PC +8% YoY +28% YoY +92% YoY Ecosystem Products sold in Founded in NASDAQ NPS Score3 70+ 1994 CRSR 6
Slide 5: Double-Digit TAM Growth in Our Core Markets
DOUBLE-DIGIT TAM GROWTH IN OUR CORE MARKETS The global high-performance gaming and creator products market is projected to grow at a ~16% CAGR from ‘24-30 ~$257bn (2030) ~$107bn (2024) Global Gaming PC and Hardware Global Gaming PC and Peripherals Market Hardware Peripherals Market CAGR: 12.9% $141b
Slide 6: Additional Growth Opportunities in Emerging Categories
ADDITIONAL GROWTH OPPORTUNITIES IN EMERGING CATEGORIES ~$439bn (2030) ~$57bn (2024) Racing Simulators Racing Simulators $1.28bn CAGR: 15.5% CAGR: 15.5% $0.54bn Broadcast Hardware Market Broadcast Hardware Market CAGR: 6.8% $8bn $5.4bn CAGR: 6.8% AI Workstations Market AI Workstations CAGR: 42.8% $43
Slide 7: Diversified Portfolio of Leading Brands
DIVERSIFIED PORTFOLIO OF LEADING BRANDS Together, our brands form a powerful ecosystem for gamers, creators, and enthusiasts around the world. GAMING COMPONENTS AND SYSTEMS GAMER AND CREATOR PERIPHERALS Providing the tools for gamers to play at their best. Empowering creators World renowned worldwid
Slide 8: Our Product Segmentation
OUR PRODUCT SEGMENTATION The CORSAIR ecosystem is a seamlessly connected range of high-performance components and systems, gamer and creator peripherals, SIM Racing gear, and software designed to work better together. GAMING COMPONENTS AND SYSTEMS GAMER AND CREATOR PERIPHERALS Components and Systems
Slide 9: PC Gaming and Content Creation: The Corsair Ecosystem
PC GAMING AND CONTENT CREATION THE CORSAIR ECOSYSTEM
Slide 10: Sim Racing: The Corsair Ecosystem
S I M R A C I N G THE CORSAIR ECOSYSTEM
Slide 11: The Stream Deck Flywheel
THE STREAM DECK FLYWHEEL Small improvements build momentum over time, leading to accelerated growth. WHAT IS STREAM DECK? 2MM+ › Control software + visual Active users on Elgato Marketplace hardware button interface More Developers More › Customizable LCD key display – map any action to any key User
Slide 12: Elgato Marketplace
ELGATO MARKETPLACE Elgato Marketplace is a flywheel and digital platform where Creators, Streamers, YouTubers, and Professionals discover and purchase thousands of plugins, overlays, and workflow tools that enhance their content and productivity. Meanwhile, developers can monetize the assets they bu
Slide 13: Trusted Brand
TRUSTED BRAND Our customers appreciate the value we deliver NPS SCORE* 64.5 Score Range Label What It Means 70+ World-class The brand now has loyal fan base 50-70 Excellent The brand is delivering standout experiences 30-50 Great The brand is delighting customers consistently 20-30 Good The brand is
Slide 14: Over 100 Awards for Innovation, Quality and Performance
OVER 100 AWARDS FOR INNOVATION, QUALITY AND PERFORMANCE Our award-winning product portfolio is consistently recognized by experts. Excellent
Slide 15: Business and Innovation Update
BUSINESS AND INNOVATION UPDATE CORSAIR CONFIDENTIAL
Slide 16: F1 Partnership
F1 PARTNERSHIP › CORSAIR recently signed a strategic partnership with Formula 1®, naming Fanatec as a licensed F1® brand partner and F1® Esports Official Partner for the F1® Sim Racing World Championship. “Fanatec has helped elevate the competitive standard of our F1 Sim Racing ecosystem, and this e
Slide 17: Partnership
PARTNERSHIP › Fanatec becomes the Official Sim Racing and › Black Falcon Team will compete in Class AT Technology Partner for Black Falcon, reinforcing a (alternative fuel) with a Porsche 992 GT3 shared commitment to blending real-world endurance Cup car racing with cutting-edge Sim Racing technolog
Slide 18: FaZe and Gumayusi Esports Partnership
FAZE AND GUMAYUSI ESPORTS PARTNERSHIP › CORSAIR becomes the official mouse, keyboard, headset, and mousepad partner of FaZe Esports with category exclusivity across team integrations › An exclusive partnership with legendary League of Legends player Lee “Gumayusi” Min-hyeong, one of the most decorat
Slide 19: Elgato Wave Next
NEW PRODUCT LAUNCH ELGATO WAVE NEXT › Wave next brings together six integrated products. Wave Link 3.0 software, Wave:3 MK.2, Wave XLR MK.2, XLR Dock MK.2, Wave XLR Pro, and Stream Deck + XL › A cohesive ecosystem spanning audio capture, processing, and control, built for how modern creators and pro
Slide 20: Elgato Stream Deck + XL
NEW PRODUCT LAUNCH ELGATO STREAM DECK + XL › With dozens of customizable controls and endless integrations, Stream Deck + XL puts entire productions and systems under your command— all from one intuitive interface › Coordinate cameras, lighting, graphics and more right on cue › Keep conversations fl
Slide 21: Vanguard Air 99
NEW PRODUCT LAUNCH VANGUARD AIR 99 › A full-sized keyboard with 8kHz hyper-polling and an LCD screen for next level personalization › Allows you to map Stream Deck actions to the G-keys and unlock Virtual Stream Deck › Clickable shortcuts that can be freely positioned on-screen or accessed via hotke
Slide 22: AI Workstation Traction
AI WORKSTATION TRACTION › CORSAIR positioned as the dedicated local AI compute brand, delivering private, on-device AI with minimal cloud dependency › AI300 launched July 2025 on AMD's Ryzen AI Max 300 Series platform, with strong Q1’ 26 demand momentum as local AI inference moves from enthusiast to
Slide 23: Financial Update
FINANCIAL UPDATE CORSAIR CONFIDENTIAL
Slide 24: Q1 2026 – Strong Profit Growth
Q1 2026 – STRONG PROFIT GROWTH REVENUE GROSS PROFIT ADJUSTED EBITDA 1 ADJUSTED EPS (diluted) 1 -4% YoY +13% YoY +58% YoY +$0.16 YoY $354.5M $116.0M $35.8M $0.27 $35.8 $354.0 $369.8 $354.5 $337.3 $20.6 $22.6 $18.0 Q1 23 Q1 24 Q1 25 Q1 26 Q1 23 Q1 24 Q1 25 Q1 26 Revenue in $ Millions Adjusted EBITDA i
Slide 25: Margin Expansion and Cost Control Drive Profit Growth
MARGIN EXPANSION AND COST CONTROL DRIVE PROFIT GROWTH $114 $1,441 $1,460 $1,443 $1,449 $1,472 $1,457 $1,390 $1,379 $1,408 $1,348 $1,349 $101 $1,320 $1,316 $93 $95 $93 $80 $80 $74 $69 $59 $55 $55 $52 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 23 Q2 23 Q3 23 Q4 23
Slide 26: Growth in Higher Margin Gamer and Creator Peripherals
GROWTH IN HIGHER MARGIN GAMER AND CREATOR PERIPHERALS $497 $492 $503 $473 $478 $486 $428 $440 $413 $393 $382 $395 $376 Q1 26 REVENUE +10% YoY $123.3M Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Trailing 12-month Revenue in $ Millions 40.8% 41.5% 40.8% 40.0% 39.3% 37
Slide 27: Consistent Leadership in Gaming Components and Systems
CONSISTENT LEADERSHIP IN GAMING COMPONENTS AND SYSTEMS $1,065 $1,065 $1,008 $1,030 $956 $951 $952 $980 $954 $922 $880 $871 $844 Q1 26 REVENUE -10% YoY $231.2M Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Trailing 12-month Revenue in $ Millions 30.2% 28.4% 23.2% 22.2%
Slide 28: Five Consecutive Quarters of Progress
FIVE CONSECUTIVE QUARTERS OF PROGRESS TTM Gamer and Creator Peripherals Quarterly Adjusted EBITDA(1) Segment Revenue Growth Quarterly Gross Margin (in $ Millions) (in $ Millions) +62% YoY 33.1% 32.7% $54 $497 $492 $503 $478 $486 $473 $478 27.7% 27.7% 26.8% 26.9% 26.2% +58% $428 $440 25.7% YoY $413 2
Slide 29: Financial Guidance
FINANCIAL GUIDANCE CORSAIR CONFIDENTIAL
Slide 30: Financial Guidance Q2 2026
FINANCIAL GUIDANCE(1) Financial Metrics Q2 2026 Guidance Net Revenue $295 - $320 million Adjusted EBITDA $12.5 - $15.5 million Non-GAAP EPS $0.05 – $0.07 (1) Given the number of risk factors, uncertainties and assumptions, many of which are referenced in slide 2, actual results may differ materially
Slide 31: Financial Guidance 2026
FINANCIAL GUIDANCE(1) Financial Metrics 2026 Guidance Net Revenue $1.33 - $1.47 billion Adjusted EBITDA $100 - $115 million Non-GAAP EPS $0.58 - $0.74 (1) Given the number of risk factors, uncertainties and assumptions, many of which are referenced in slide 2, actual results may differ materially. W
Slide 32: Appendix
APPENDIX
Slide 33: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES To supplement the financial results presented in accordance with GAAP, this presentation includes certain non-GAAP financial information, including Adjusted Operating Income (Loss), Adjusted EBITDA, Adjusted Net Income (Loss) and Adjusted Net Earnings (Loss) Per Sh
Slide 34: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Non-GAAP Operating Income (Loss) Reconciliations (Unaudited, in thousands, except percentages) Three Months Ended March 31, 2026 2025 Operating income (loss) - GAAP $ 13,796 $ (2,263) Amortization 9,806 9,782 Stock-based compensation 6,694 9,322 Restructuring and oth
Slide 35: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Non-GAAP Net Income (Loss) and Net Income (Loss) Per Share Reconciliations (Unaudited, in thousands, except per share amounts) Three Months Ended March 31, 2026 2025 Net income (loss) attributable to common stockholders of CORSAIR Gaming, Inc. (1) $ 11,864 $ (10,067)
Slide 36: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Adjusted EBITDA Reconciliations (Unaudited, in thousands, except percentages) Three Months Ended March 31, 2026 2025 Net income (loss) - GAAP $ 13,057 $ (10,317) Amortization 9,806 9,782 Stock-based compensation 6,694 9,322 Restructuring and other charges 1,580 1,095
Slide 37: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS TTM ADJUSTED EBITDA RECONCILIATIONS (unaudited, in thousands)
Slide 38: Corsair
CORSAIR