CRSR Stock Analysis: Corsair Gaming | NASDAQ
Computer Hardware | NASDAQ, USA | Market Cap: 1.492m USD | 12M Return: 69.8% | US22041X1028 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.9M
Qual. Beats: 1
Rev. Trend: 20.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Corsair Gaming, Inc. (NASDAQ: CRSR) designs and sells gaming and streaming peripherals, components, and systems worldwide, operating through two reporting segments: Gamer and Creator Peripherals, and Gaming Components and Systems. The company is headquartered in Milpitas, California, was incorporated in 1994, and listed on the NASDAQ in September 2020. It sits within the GICS Information Technology sector, specifically the Technology Hardware, Storage & Peripherals sub-industry, and competes in the highly fragmented PC enthusiast and gaming hardware market alongside brands such as Logitech and Razer.
The Gamer and Creator Peripherals segment covers keyboards, mice, headsets, controllers, Elgato-branded streaming equipment (Stream Decks, microphones, teleprompters, Facecam cameras, sim racing products, and gaming furniture), plus the iCUE software platform. The Gaming Components and Systems segment supplies power supply units, cooling solutions, computer cases, DRAM modules, pre-built and custom gaming PCs and laptops, and AI workstations, reflecting a recent push into AI-focused hardware.
Corsair distributes through e-retail, retail, direct-to-consumer, and third-party distributor channels across Europe, the Middle East, North Africa, North America, Latin America, and Asia Pacific. Its combination of traditional PC enthusiast components with creator/streaming products under the Elgato brand is a relatively differentiated position in the consumer hardware space. The company was formerly known as Corsair Components (Cayman) Ltd before adopting its current name in 2018.
- Gamer and Creator Peripherals segment revenue pressured by weak consumer demand
- Gaming Components and Systems margins compress amid memory and GPU pricing volatility
- AI workstation product launch expands addressable market beyond core gaming
- Capital allocation shifts toward debt reduction and share buybacks
- Competition intensifies from Logitech and Razer in peripherals segment
| Net Income: 35.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -2.36 > 1.0 |
| NWC/Revenue: 19.13% < 20% (prev 13.57%; Δ 5.56% < -1%) |
| CFO/TA 0.09 > 3% & CFO 105.7m > Net Income 35.1m |
| Net Debt (-8.73m) to EBITDA (91.0m): -0.10 < 3 |
| Current Ratio: 1.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (109.2m) vs 12m ago 3.14% < -2% |
| Gross Margin: 31.55% > 18% (prev 26.01%; Δ 5.54% > 0.5%) |
| Asset Turnover: 119.1% > 50% (prev 115.2%; Δ 3.86% > 0%) |
| Interest Coverage Ratio: 6.10 > 6 (EBIT TTM 46.2m / Interest Expense TTM 7.56m) |
| A: 0.23 (Total Current Assets 646.8m - Total Current Liabilities 369.1m) / Total Assets 1.22b |
| B: -0.04 (Retained Earnings -52.5m / Total Assets 1.22b) |
| C: 0.04 (EBIT TTM 46.2m / Avg Total Assets 1.22b) |
| D: 1.21 (Book Value of Equity 664.9m / Total Liabilities 551.4m) |
| Altman-Z'' = 2.88 = A |
| DSRI: 0.86 (Receivables 159.8m/179.2m, Revenue 1.45b/1.41b) |
| GMI: 0.82 (GM 26.01% / 31.55%) |
| AQI: 0.93 (AQ_t 0.40 / AQ_t-1 0.43) |
| SGI: 1.03 (Revenue 1.45b / 1.41b) |
| TATA: -0.06 (NI 35.1m - CFO 105.7m) / TA 1.22b) |
| Beneish M = -3.32 (Cap -4..+1) = AA |
As of October 06, 2026, the stock is trading at USD 13.53 with a total of 1,080,911 shares traded. Over the past week, the price has changed by +0.22%, over one month by +10.36%, over three months by +49.17% and over the past year by +69.76%.
Current recommended Stop Loss: 12.60 (which is 6.9% or 1.5 ATR below the current price).
Corsair Gaming has received a consensus analysts rating of 3.56. Therefore, it is recommended to hold CRSR.
- StrongBuy: 3
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 13.2 | -2.3% |
P/E Trailing = 44.4839
P/E Forward = 17.331
P/S = 1.0278
P/B = 2.1998
Revenue TTM = 1.45b USD
EBIT TTM = 46.2m USD
EBITDA TTM = 91.0m USD
Long Term Debt = 112.2m USD (from longTermDebt, last quarter)
Short Term Debt = 6.12m USD (from shortTermDebt, last quarter)
Debt = 184.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 66.6m
Net Debt = -8.73m USD (calculated: Debt 184.9m - CCE 193.6m)
Enterprise Value = 1.48b USD (1.49b + Debt 184.9m - CCE 193.6m)
Interest Coverage Ratio = 6.10 (Ebit TTM 46.2m / Interest Expense TTM 7.56m)
EV/FCF = 16.53x (Enterprise Value 1.48b / FCF TTM 89.7m)
FCF Yield = 6.05% (FCF TTM 89.7m / Enterprise Value 1.48b)
FCF Margin = 6.18% (FCF TTM 89.7m / Revenue TTM 1.45b)
Net Margin = 2.42% (Net Income TTM 35.1m / Revenue TTM 1.45b)
Gross Margin = 31.55% ((Revenue TTM 1.45b - Cost of Revenue TTM 993.5m) / Revenue TTM)
Gross Margin QoQ = 33.18% (prev 32.73%)
Tobins Q-Ratio = 1.22 (Enterprise Value 1.48b / Total Assets 1.22b)
Interest Expense / Debt = 4.09% (Interest Expense 7.56m / Debt 184.9m)
Taxrate = 2.41% (937k / 38.8m)
NOPAT = 45.1m (EBIT 46.2m * (1 - 2.41%))
Current Ratio = 1.75 (Total Current Assets 646.8m / Total Current Liabilities 369.1m)
Debt / Equity = 0.28 (Debt 184.9m / totalStockholderEquity, last quarter 664.9m)
Debt / EBITDA = -0.10 (Net Debt -8.73m / EBITDA 91.0m)
Debt / FCF = -0.10 (Net Debt -8.73m / FCF TTM 89.7m)
Total Stockholder Equity = 636.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.88% (Net Income 35.1m / Total Assets 1.22b)
RoE = 5.52% (Net Income TTM 35.1m / Total Stockholder Equity 636.6m)
RoCE = 6.17% (EBIT 46.2m / Capital Employed (Equity 636.6m + L.T.Debt 112.2m))
RoIC = 5.77% (NOPAT 45.1m / Invested Capital 780.7m)
WACC = 14.34% (E(1.49b)/V(1.68b) * Re(15.62%) + D(184.9m)/V(1.68b) * Rd(4.09%) * (1-Tc(0.02)))
Discount Rate = 15.62% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 96.63 | Cagr: 2.38%
[DCF] Terminal Value 54.24% ; FCFF base≈101.4m ; Y1≈88.9m ; Y5≈71.9m
[DCF] Fair Price = 5.51 (EV 587.1m - Net Debt -8.73m = Equity 595.9m / Shares 108.2m; r=14.34% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.26 | # QB: 1
Revenue Correlation: 20.62 | Revenue CAGR: 0.94% | SUE: 0.24 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.12 | Chg30d=+5.88% | Revisions=+10% | Analysts=9
EPS current Year (2026-12-31): EPS=0.90 | Chg30d=+26.10% | Revisions=+73% | GrowthEPS=+45.0% | GrowthRev=-2.1%
EPS next Year (2027-12-31): EPS=0.83 | Chg30d=+8.03% | Revisions=+30% | GrowthEPS=-7.8% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +48% (up=17, down=5)