Corsair Posts Record Margins on Tariff Refunds and Peripherals Growth
Event summary
- Corsair reported Q2 2026 revenue of $314.3M, down 2% YoY but above guidance.
- Gross margin hit a record 33.2%, up 635 bps YoY, boosted by $15.6M in tariff refunds.
- Adjusted EBITDA surged 279% YoY to $30.8M, nearly double the high end of guidance.
- Gamer and Creator Peripherals revenue grew 13% YoY, while Gaming Components declined 9%.
- Acquired Trak Racer for Sim Racing expansion, adding founder Matt Sten as CTO.
The big picture
Corsair's strong Q2 results highlight the resilience of its peripherals business amid component market headwinds. The tariff refunds provided a one-time boost, but the company's strategic focus on high-margin categories like Sim Racing and content creation tools positions it well for long-term growth. The acquisition of Trak Racer further solidifies its leadership in the premium Sim Racing segment.
What we're watching
- Margin Sustainability
- Whether Corsair can maintain its record gross margins without tariff refunds.
- DIY PC Recovery
- The pace at which elevated memory pricing normalizes and revives DIY demand.
- Ecosystem Expansion
- How Stream Deck's integration with Bitfocus and AI tools drives recurring revenue.
Related topics