Shares of Corsair Gaming, Inc. (CRSR) plummeted 7.15% in intraday trading after the company reported disappointing third-quarter 2025 financial results. The gaming hardware manufacturer's revenue fell short of analyst expectations, and the company posted a loss for the quarter.

Corsair Gaming reported Q3 revenue of $345.763 million, which missed the IBES estimate of $354 million. Despite a 14% year-over-year increase in revenue, the company's financial performance raised concerns among investors. The gaming hardware maker reported an operating loss of $5.627 million and a net loss of $10.392 million for the quarter. The pretax loss stood at $8.312 million, while gross profit reached $93.096 million.

Despite the disappointing Q3 results, Corsair Gaming provided a full-year 2025 outlook, projecting revenue between $1,425 million and $1,475 million. The company also expects adjusted EBIT of $76-81 million and adjusted EBITDA of $85-90 million for the fiscal year. However, these projections did little to assuage investor concerns, as evidenced by the sharp decline in the stock price. The market's negative reaction suggests that investors may be worried about the company's ability to meet its financial targets and return to profitability in the near term.