New York, February 12, 2026, 19:48 EST — After-hours
- CRSR shares dropped 7.7% by the close, but then surged roughly 23% after hours.
- Corsair rolled out its inaugural $50 million share buyback plan—no set end date on this one.
- Even with profit goals set, the 2026 outlook points to revenue getting squeezed by ongoing semiconductor shortages.
Corsair Gaming, Inc. shares jumped roughly 23% after-hours to $5.64, recovering from a 7.7% slide in the regular session that left them at $4.58. 1
The stock managed a late rally, yet it stayed near the bottom of its 52-week band, holding between $4.48 and $13.02. 2
Why it matters now: Corsair’s margins have been under the microscope—investors want to see if the company can keep them headed up, even as appetite for PC upgrades and gaming hardware fluctuates. There’s also a new capital-return lever in play for traders to factor in.
The 2026 outlook is the other variable in play. Management is pushing cost cuts and a better mix to offset a weaker top line, aiming to keep profits on track.
Corsair reported a 12% jump in full-year 2025 revenue to $1.4725 billion, while adjusted EBITDA surged 84% to $100.6 million—topping its own outlook, according to a filing. Looking ahead, the company projected 2026 revenue between $1.33 billion and $1.47 billion; the midpoint would mark a roughly 5% decline from this year, as Corsair cited persistent global semiconductor shortages. The company also rolled out its first share buyback plan, authorizing up to $50 million with no set end date, effective immediately. CEO Thi La said Corsair is “focused on accelerating innovation in our premium categories.” CFO Gordon Mattingly called the shares “a highly compelling investment opportunity” from the board’s perspective. 3
Adjusted EBITDA takes profit and removes interest, taxes, depreciation, and amortization—plus whatever companies call non-recurring. Non-GAAP earnings per share works along the same lines as an “adjusted” metric, and doesn’t always track the GAAP number.
Corsair reported growth in its components and systems segment for the quarter, crediting memory products for most of that lift. Peripherals, though, lagged—North America demand just wasn’t there. The distinction’s key: Corsair is selling investors on peripherals as its 2026 growth story, even as components could get weighed down by chip-supply constraints.
The buyback might provide a bit of technical support. Still, this isn’t a set schedule—Corsair said the timing and amount hinge on market conditions, and the program can be paused at any point.
Corsair’s rivals include gaming and PC hardware company Logitech. The company’s shares often react to hints of weakening demand after new products hit the shelves. For Corsair, the focus now is whether hot memory demand and pricier creator equipment will make up for softer sales in other areas.
Still, if supply snags re-emerge—or shoppers curb spending on non-essential electronics—hitting that 2026 revenue target might be a stretch, and defending margins could get tougher. After-hours trading’s light volumes can also make early price swings look bigger than they are.
Friday’s regular session is up next, with traders watching to see if the after-hours surge sticks around at the open or slips away.
