Corsair Gaming reported Q1 2026 consolidated revenue of $1.23 billion, a 12% year-over-year increase, with operating income reaching $210 million at an 18% margin.
Gross margin improved to 32.7% from 27.7% in the prior year, driven by a 670 basis point gain in the Gaming Components and Systems segment despite a 10.3% decline in that segment's revenue.
The Gamer & Creator Peripherals segment saw a 10.1% revenue increase, though segment margins contracted by 70 basis points due to tariff and promotional pressures.
The company maintains a strong liquidity position with $1.05 billion in cash and short-term investments and generated $310 million in net cash from operations.
Shareholder returns were bolstered by a 3% dividend increase and the initiation of a $50 million share-repurchase program, with $45 million remaining for future buy-backs.
Management is actively mitigating geopolitical and macroeconomic risks, including trade tensions and currency volatility, using $21.1 million in notional value short-term forward contracts.
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