Thursday, February 5th 2026
Corsair Stock Falls Below $5 Ahead of Earnings
Corsair has been listed on Nasdaq since September 2020, when the company made an IPO at $17 per share. However, the company, which is a gaming staple, has now fallen to a measly sub-$5 range for the first time. Just days ahead of its full-year earnings and Q4 2025 results scheduled for February 12, Corsair is trading at $4.80 with a market capitalization of $504.63 million. During the first three months of its public listing, the stock reached an all-time high of $51.37, and the price has been in free fall since. This represents a 90% market value reduction over nearly five and a half years.
For the previous Q3 2025 report, the company reported a year-over-year revenue increase of 14% to $345.8 million, with projections for a full-year outlook being $1.425 billion to $1.475 billion, and adjusted operating income in the range of $76 million to $81 million. However, since the stock is now falling, we can expect that the earnings will possibly be at the lower end of the range. Interestingly, Corsair is one of the few publicly listed companies with revenues exceeding its market capitalization. This indicates that the company is capturing a significant revenue share among PC enthusiasts, but its operating costs are very high, and the business is net profit margin negative, which is a massive concern for investors using their hard-earned funds.
For a full-year outlook, we still need to see if Corsair's DDR5 memory revenue and pre-built gaming PC revenue will be sufficient to offset some of the negativity surrounding the stock. We need to wait a few more days before drawing final conclusions and see how the stock reacts to the latest earnings.
For the previous Q3 2025 report, the company reported a year-over-year revenue increase of 14% to $345.8 million, with projections for a full-year outlook being $1.425 billion to $1.475 billion, and adjusted operating income in the range of $76 million to $81 million. However, since the stock is now falling, we can expect that the earnings will possibly be at the lower end of the range. Interestingly, Corsair is one of the few publicly listed companies with revenues exceeding its market capitalization. This indicates that the company is capturing a significant revenue share among PC enthusiasts, but its operating costs are very high, and the business is net profit margin negative, which is a massive concern for investors using their hard-earned funds.
39 Comments on Corsair Stock Falls Below $5 Ahead of Earnings
KINS,STX, WDC, SNDK, MU, KRX: 005930, KRX: 000660 etc. anymuch anymore, which means we're going to have too much disposable income, and what's better than buying some stocks when you have excess money?AI products with RGB.
I recently gave them another shot buying a Corsair Frame 5000D (after my last case from them had nothing but issues) and somehow this case is even worse. Flimsy easily bent metal, lack of attention to details (can't use the GPU bracket with GPU in the bottom slot, 8 pin is a PITA to install, and a lot more), cheaply assembled (the metal piece that attaches to the glass door to keep it in place is glued on), lack of quality control (my case came with a defective door). Probably more that I'm forgetting, I already want to swap to another case and just donate this one to someone. The bottom of the case heavily flexes with my anti-sag bracket installed. I've seen better build quality on $40 cases. Absolutely unacceptable for $200. My last case (Core X9) has no modern equivalent and is still good to this day. Just was forced to downsize.
I watched the video with GN interviewing Corsair's take on the whole tariff situation and they basically said it wouldn't impact them. Turns out that wasn't true but that's Corsair's attitude in a nutshell. I know they have reps active and attentive on this forum but it doesn't mean squat if the people actually making the decision don't push for change.
Corsair AIO coolers, cases, fans, keyboards, and mice have also gotten overpriced, but don't have the quality compared to many other brands.
That is really useful, ask google...
Made me chuckle, what with most investing in stocks is by institutional investors using other peoples cash!
you did temp me to trash corsair for my previous defective rm750 psu.
not everyone is in those business charts or fashion or cars or football.
TBQH, as middling of an offender as Corsair is, I very much look forward to them having to sell-off/spin-off companies they've eaten (like El Gato).
I dont wish ill will on corsair. There were some good memories, i hope they can turn it around. Dont forget the base either. I also will say there is a lot more competition now too. I also know too, they comission the products to be built. As far as i know i dont believe they manufacture anything.
CWT can make good power supplies but lower end corsairs have so many corners cut. I said it in an old post some decades ago and i'll say it again now. CWT would rather cut corners to make do then lose a big contract and this shows.
::EDIT::
IMO Corsair never really recovered from the fall/decline of the pc enthusiast boom between 2000-2015 and taking the company public where they were forced to meet targets in a declining market was probably not not their greatest move and their predictions were all wrong hence trying to diversify. Buy up other businesses to make the Corsair brand a lifestyle brand. But the problem with this is the market is full of businesses that are either doing or trying to do the same thing and corsair isnt really offering anything unique or better than some of its customers. Although not all competitors do PC Power supplies and watercooling which are the two cards they still have in their deck but they dont really push them...
When they hired that guy that defected from EK watercooling. It should have been a HUGE deal for corsair to push the watercooling market a lot harder but they didnt.
When it comes to their power supplies. Why buy corsair when I can buy directly from their biggest OEM -- Seasonic and get superior quality and the same 7-10 year warranties?
Im not interested in their chairs, their peripherals, Their cases are outright fucking boring and theyve been boring for a long time. I dont care about their elgato streaming setup shit. Their RAM supposedly doesnt work too well with AMD setups although they've probably fixed this by now and on top of that theyve been cancelling orders that people made because they (corsair) thought their RAM was selling for too cheap or a "Pricing Error"as they like to call it.
So what has corsair got left? Integrity?? they already sold out years ago.
To Others: In regards to PSUs there are not a lot of OEM/ODMs out there and there are a few heavily favoured in the market place. I would also highly advise doing serious research on your PSU as people like Corsair/MSI/EVGA etc use MULTIPLE OEMs for their products and while one may be getting the praises from up on high a slightly cheaper model can be a disaster waiting to happen (Corsair You have had a few of them in your time.)Sad thing is that Corsair is unfortunately going to suffer massively directly from the RAM debacle that is going on and also suffer quite heavily indirectly as less people upgrade/replace PCs meaning there are less people upgrading/replacing peripherals as well. I can imagine their markups on peripherals are going to be a fair bit higher than on things like RAM/PSUs etc so its going to be a rough 6-12 months until the supply situation normalises a bit.