Why Corsair Gaming Stock Skyrocketed by 35% Today

Its revenue declined during the quarter, and its fundamentals were bolstered by a tariff refund, but its business was solid nevertheless.

It also proffered very encouraging bottom-line guidance for the full year.

Corsair Gaming (NASDAQ: CRSR) won big on the stock exchange Friday, on the back of a solid quarterly earnings release. Investors piled into the company's stock enthusiastically enough to send it to an over 35% gain that trading session.

In the second quarter, the details of which the company published after market close on Thursday, net revenue actually declined. This fell by nearly 2% year over year to $314.3 million.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

That sure wasn't the case, however, with net income not under generally accepted accounting principles (non-GAAP, or adjusted). That ballooned to almost $25 million, or $0.23 per share, compared with second-quarter 2025's less than $1.3 million (although it was heavily affected by a $15.6 million tariff refund from the federal government).

And despite the top-line dip, both fundamentals beat the consensus analyst estimates. These anticipated revenue of $310.3 million, and adjusted earnings per share (EPS) of merely $0.09.

It was a tale of two businesses for Corsair's reporting segments. Revenue grew by 13% (to almost $116 million) for gamer and creator peripherals; the company attributed this to broad and strong demand for numerous products, such as streaming components and gaming peripherals.