Shares of Corsair Gaming, Inc. (CRSR) plummeted 9.97% in after-hours trading following the release of disappointing third-quarter 2025 financial results and lowered full-year guidance. The gaming hardware manufacturer's performance fell short of analyst expectations, raising concerns among investors about the company's near-term prospects.
Corsair Gaming reported Q3 revenue of $345.763 million, missing the IBES estimate of $354 million despite a 14% year-over-year increase. The company posted a net loss of $10.392 million for the quarter, with an operating loss of $5.627 million. Adjusted earnings per share came in at $0.06, significantly below the analyst consensus of $0.09, representing a 29.41% miss.
Adding to investor worries, Corsair Gaming narrowed its full-year 2025 revenue guidance to $1.425 billion - $1.475 billion, down from the previous forecast of $1.4 billion - $1.6 billion. The company cited a conservative outlook for Q4, primarily due to a tight DDR5 memory market. Despite reporting improved margins and increased inventory to support anticipated Q4 holiday demand, the market's negative reaction suggests that investors are concerned about Corsair's ability to meet its financial targets and return to profitability in the near term.