[CRSR Q2 2026 Earnings Call] Corsair Hits Record 33.2% Gross Margin, Raises 2026 Outlook as Peripherals Surge 13% Record Margins Power Profit Surge Despite Revenue Dip Corsair Gaming (NASDAQ: CRSR) turned in what CEO Thi La called “strong results” for the second quarter, as a deliberate shift toward high-margin peripherals and fanatical cost discipline drove gross margin to an all-time high and triggered a sharp upward revision to full-year guidance. The numbers tell the story: revenue of $314.3 million was down 2% from a year ago, but gross profit swelled 21% to $104.3 million, yielding a company-record gross margin of 33.2% — 640 basis points above the prior-year quarter and 50 points above the first quarter. “We are improving the quality of our revenue, gaining share in the right categories, and building platforms for growth beyond the traditional PC cycle,” La said on the call. Adjusted EBITDA exploded to $30.8 million from $8.1 million in Q2 2025, and non-GAAP diluted earnings per share hit $0.23, compared with a penny a year earlier. A one-time tariff refund of $15.6 million cushioned the quarter by roughly 500 basis points of margin and $0.13 of EPS. Strip that out, and adjusted EBITDA of $16.6 million and non-GAAP EPS of $0.09 still sailed above the high end of the company’s own guided ranges — a signal that the underlying business has turned a corner on profitability. Financial Snapshot | Metric | Q2 2026 | Y/Y Change | |---|---|---| | Revenue | $314.3M | -2% | | Gross Profit | $104.3M | +21% | | Gross Margin | 33.2% | +640 bps | | GAAP Operating Income | $7.6M | vs loss of $16.9M | | Adjusted EBITDA | $30.8M | +280% | | Non-GAAP Diluted EPS | $0.23 | vs $0.01 | | Operating