Corsair Gaming, Inc. (CRSR) saw its stock price plummet 9.97% in after-hours trading on Tuesday, 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.

For the third quarter, Corsair Gaming reported revenue of $345.763 million, missing the IBES estimate of $354 million despite a 14% year-over-year increase. The company also posted a net loss of $10.392 million and an operating loss of $5.627 million for the quarter. These results indicate ongoing challenges in the company's financial performance and profitability.

Adding to investor concerns, Corsair Gaming lowered its full-year 2025 revenue outlook to between $1.425 billion and $1.475 billion, down from the previous guidance of $1.4 billion to $1.6 billion. The company cited a conservative outlook for Q4, primarily due to a tight DDR5 memory market. While Corsair Gaming maintains positive projections for adjusted EBIT of $76-81 million and adjusted EBITDA of $85-90 million for the fiscal year, the market's negative reaction suggests skepticism about the company's ability to meet these targets and return to profitability in the near term.