Corsair Gaming FY2026 Q2 Earnings Release

AUGUST 2026
Q2 INVESTOR PRESENTATION

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Non -GAAP Financial Measures Included in this presentation are certain non -GAAP financial measures, including Adjusted Operating Income (Loss), Adjusted EBIT DA, Adjusted Net Income (Loss) and Adjusted Net Earnings (Loss) Per Share, which are not recognized under the generally accep ted accounting principles (“GAAP”) in the United States and designed to complement the financial information presented in accordance with GAAP in the United States because management be lieves such measures are useful to investors. The non -GAAP measures have limitations as analytical tools and you should not conside r them in isolation of, or as an alternative to, measures prepared in accordance with U.S. GAAP. The non -GAAP measures used by the Company may di!er from the non -GAAP measures used by o ther companies. The Company urges you to review the reconciliation of its non -GAAP financial measures to the most directly compa rable U.S. GAAP financial measures set forth in the Appendix to this presentation, and not to rely on any single financial measure to evaluate the Company’s business.
Market and Industry DataThis presentation also contains estimates and other statistical data made by independent parties and by the Company relating to the Company’s industry, the Company’s business and the market for the Company’s products and its future growth. This data inv olves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions, and estimates of the Company’s f uture performance and the future performance of the market for its products are necessarily subject to a high degree of uncertai nty and risk.
DISCLAIMER
Forward -Looking Statements This press release contains express and implied forward -looking statements within the meaning of the Private Securities Litigati on Reform Act of 1995, including, but not limited to, statements regarding the Company’s financial outlook for the third quar ter 2026 and the full year 2026; potential future growth in certain product categories; future headwinds and tailwinds that may impact the Company’s sales and results of operations including se miconductor supply constraints and demand for AI -focused workstations; the potential growth and the long -term trajectory of our seg ments; expected synergies from the acquisition of Trak Racer; the potential market opportunity for desktop AI PCs; the anticipated timeline for a more meaningful contribution from the Company’s AI workstation initiative; statements regarding the status of the tari ! refund process and the possibility of futu re administrative adjustments; and the Company’s view that elevated DIY PC demand has been deferred rather than lost and its positioning to benefit as market conditions normalize. Forward -looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to them . Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may di !er materially from those projec ted. Factors which may cause actual results to di !er materially from current expectations include, but are not limited to: the Com pany’s limited operating history, which makes it di “cult to forecast the Company’s future results of operations; current macroeconomic conditions, including the impacts of high inflation and ris k of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, p olicies, and agreements and the imposition of tari !s that a !ect our products or operations, including potential new tari !s that may be imposed on U.S. imports and our ability to mitigate; the Com pany’s ability to build and maintain the strength of the Company’s brand among gaming, streaming and content creator enthusia sts and ability to continuously develop and successfully market new products and improvements to existing products; the introduction and success of new third -party high -performance computer ha rdware, particularly graphics processing units and central processing units as well as sophisticated new video games; fluctua tions in operating results; the loss or inability to attract and retain key management; the impacts from geopolitical events and unrest; delays or disruptions at the Company or third -parties’ m anufacturing and distribution facilities; and the other factors described under the heading “Risk Factors” in our Annual Repo rt on Form 10 -K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (“SEC”) and our subsequent filings with the SEC. All forward -looking statements reflect o ur beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward -looking state ments to reflect future events or circumstances. Our results for the quarter ended June 30, 2026 are also not necessarily indicative of our operating results for any future periods.

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Corsair is building one platform
for digital enthusiasts to play,
create, train, and build.
Our software and advance
components let each customer
tune performance to their own
use case and scale up as their
needs grow.
One Platform.
Every Pursuit.
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
CORSAIR’s mission is to design and deliver
high -quality, high -performance PC components,
streaming solution, and Sim Racing gear that
empower gamers, creators, and builders
worldwide.
Powered By Passion.
Dedicated To Play.
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
CORSAIR AT A GLANCE
(1) See appendix for reconciliation of non -GAAP metrics to most comparable GAAP metrics
(2) Trailing 12 -month period ending 6/30/2026. YoY growth compared to same period ending 6/30/2025. (3) Trailing 12 -month adjusted EBITDA excludes $14.3 million tari” refund benefit in Q2 2026 (4) Source: PCMag, CORSAIR brand net promoter score https://www.pcmag.com/articles/the -best -tech -brands -for -2026.
Products sold in
70+
countries
Founded in
1994
HQ : Milpitas, CA
NASDA Q
CRSR
NPS Score 4
64.5
Trailing 12 -month
GROSS PROFIT (2)
$458M
+25% YoY
Trailing 12 -month
REVENUE (2)
$1,451M
+3% YoY
Trailing 12 -month
ADJUSTED EBITDA (1)(2)(3)
$122M
+78% YoY
*Source: Circana 2025 US Market + CORSAIR internal data
Market Leader in
Gamer + Creator
Peripherals and
Performance PC
Ecosystem

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
DIVERSIFIED PORTFOLIO OF LEADING BRANDS
To g e t h e r , o u r brands form a powerful ecosystem for gamers, creators, and enthusiasts around the world.
GAMING COMPONENTS AND SYSTEMS GAMER AND CREATOR PERIPHERALS
High -Performance PC Hardware for advance gaming and computing
Exclusive limited releases
Destination
Custom built PCs for Prosumers.
Customizable, advanced
paddle gaming controllers
Empowering creators &
studios worldwide to produce
original premium content
World renowned
in professional
sim racing solutions
Professional AI Workstations & Servers

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
NPS SCORE *
64.5
Score Range Label What It Means
70+ World -class The brand now has loyal fan base
50 -70 Excellent The brand is delivering standout experiences
30 -50 Great The brand is delighting customers consistently
20 -30 Good The brand is a few critics but more brand advocates
0 and above Favorable The brand is beginning to be a crowd favorite
*Source: PCMag, CORSAIR brand net promoter score https://www.pcmag.com/articles/the -best -tech -brands -for -2026
TRUSTED BRAND
Our customers appreciate the value we deliver

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
OVER 100 AWARDS FOR INNOVATION,
QUALITY AND PERFORMANCE
Our award -winning product portfolio is consistently recognized by experts.
Excellent

THE CORSAIR ADVANTAGE

THE INDUSTRY
IS EVOLVING
Gaming, creation and AI computing are
converging into one digital workspace.
Customers increasingly expect connected
hardware, intelligent software and
seamless workflows.
The opportunity is expanding beyond
gamers to creators, developers and AI
early adopters .
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

CORSAIR is building the platform where
digital enthusiasts play, create, train
and build.
Our customers rely on high -performance
hardware, intelligent software and
immersive experiences to perform
at their best.
AI enablement drives deeper
customer usage, increasing the value
of our software and hardware
ecosystem.
OUR VISION
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
FOUR CORSAIR CUSTOMER JOURNEYS
Powered by one connected ecosystem
PLAY
› CORSAIR GAMING
› SCUF GAMING
CREATE
› ELGATO
TRAIN
› FANATEC
› TRAK RACER
BUILD & COMPUTE
› CORSAIR COMPONENTS
› CORSAIR PRO
› ORIGIN PC
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

THE CORSAIR PLATFORM
Each new product strengthens the value of the ecosystem.
PERFORMANCE LAYER
› Premium PC Components
› Prebuilt Performance
Computers
› High Speed Input Devices
› Creator A/V Solutions
› Sim Training Hardware
CONTROL LAYER
› Stream Deck Eco System
› ICUE PC Control Software
› Bitfocus Show Control
› AI Workstations
› Personalization
› AI eCommerce Engine
INTELLIGENCE LAYER
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
THE CORSAIR FLYWHEEL
Customer enters through
any of our categories.
Connected software
increases engagement.
Cross -brand adoption
expands the ecosystem.
Higher loyalty and lifetime
value drive sustainable
growth.
AI and seamless control
deliver value.
1
2
3
4
5

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
THE STREAM DECK CONTROL ECOSYSTEM
›Control software + visual
hardware button interface
›Customizable LCD key display –
map any action to any key
›Cross deployed across Corsair
products and partner’s solutions
›Plugin engine spans gaming,
streaming, productivity,
broadcasting, AI workflows and
more
WHAT IS STREAM DECK?
100%+ YoY in 1H26
Elgato Marketplace Revenue &
Transactions
+500K accounts 1H26
AI assisted plugin dev expanding
contributor base
Small improvements build momentum over time,
leading to accelerated growth.
More
Developers More
Users
Richer
Ecosystem Marketplace
Growth

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
ELGATO MARKETPLACE
Elgato Marketplace is a flywheel and
digital platform where Creators,
Streamers, YouTubers, and
Professionals discover and purchase
thousands of plugins, overlays, and
workflow tools that enhance their
content and productivity.
Meanwhile, developers can monetize
the assets they build for the Elgato
ecosystem.

MARKET OPPORTUNITY

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
DOUBLE – DIGIT TAM GROWTH IN OUR CORE MARKETS
The global high -performance gaming and creator products market is projected to grow at a ~16% CAGR from ‘24 -30
~$107bn (2024)
Global Gaming PC and
Peripherals Market
$68bn Hardware
Global Gaming RAM Market
$10bn Memory
Global Creator
Economy -in -Gaming Market
$29bn Platform
CAGR: 12.9%
CAGR: 8.0%
CAGR: 23.2%
~$ 257bn (2030)
Global Gaming PC and
Peripherals Market
$141bn
CAGR: 12.9% Hardware
Global Gaming RAM Market
$16bn
CAGR: 8.0% Memory
Global Creator
Economy -in -Gaming Market
$100bn
CAGR. 23.2% Platform
Demand for High -Performance PC Hardware Growth in Gaming and Esports Expansion of Content Creation and Streaming Elgato Marketplace Flywheel Rapid Hardware Innovation Customization and Upgradeability
KEY GROWTH DRIVERS
*Sources: Grand View Research, Market.us , Market Research Intellect with geometric interpolation

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
ADDITIONAL GROWTH OPPORTUNITIES IN EMERGING CATEGORIES
~$ 57bn (2024)
Racing Simulators
$0.54bn
Broadcast Hardware Market
$ 5.4bn
AI Workstations
$51bn
CAGR: 15.5%
CAGR: 6.8%
CAGR: 42.8%
~$ 439bn (2030)
Racing Simulators
$1.28bn
CAGR: 15.5%
Broadcast Hardware Market
$8bn
CAGR: 6.8%
AI Workstations Market
$430bn
CAGR. 42.8%
AI Workstations Modern Control for Broadcasting Sim Racing and Hardware Growth AI Demand Acceleration Among Prosumers and SMB
HardwareCustomization
KEY GROWTH DRIVERS
*Sources: Grand View Research, Global Market Insights with geometric interpolation, Diligence Insights
Rising Demand on Sim Racing and Local AI

CORSAIR CONFIDENTIAL
BUSINESS UPDATE

PLAY

Source: * Newzoo
**Konvoy
›GTA VI is estimated to be #1 selling title across
essentially every major platform. Estimated to
sell up to 51 million copies the first week of
launch*, and up to 85 million the first year.**
›While we expect console launch this year to
fuel headset, gaming controller, and capture
card sales, we also anticipate a component
upgrade cycle in 2027 when the game
launches for PC
NEW GAME RELEASE
CORSAIR x GTA VI
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

NEW PRODUCT LAUNCH
›With Rapid Trigger and FlashTap SOCD, the NOVABLADE PRO
WIRELESS delivers the frame -perfect control you need to land
ground -shattering combos instantly.
›With anti -fray stitched edges paired with an anti -skid rubber
base, MM300 2XL ensures you have the stability to endure any
super powered battle that comes your way.
CORSAIR x
INVINCIBLE VS
NOVABLADE PRO WIRELESS
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

OMEGA
CONTROLLER
›O!cially Licensed PlayStation ® 5 performance
controller, engineered for seamless integration and
low -latency connectivity.
›Designed to meet Sony’s exacting performance
standards for input response, power management,
and wireless stability you can trust.
›Customize almost every input on your controller. Full
control over your trigger and thumbsticks response
curves, action buttons, and true 0% thumbstick
deadzone .
›Strong launch performance with GTA VI tailwind
NEW PRODUCT LAUNCH
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

TRAIN

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
›The combined portfolio is expected to enable more complete ecosystem
solutions, simplify the buying experience, and drive greater attachment
of cockpits, controls, displays, gaming PCs, and accessories, while
maintaining the quality, innovation, and customer choice that define
both brands.
CORSAIR INVESTOR PRESENTATION : AUGUST 2026
›We completed the acquisition of Trak Racer, expanding Fanatec’s sim
racing ecosystem with complementary hardware while broadening
Trak Racer’s global distribution through our platform.
›The acquisition also extends our addressable market beyond sim racing
hardware into flight and motorbike simulation, creating new growth
opportunities in a complementary enthusiast category.

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
PARTNERSHIP
›This partnership adds Nissan to
Fanatec’s growing portfolio of
automotive licenses, alongside brands
such as BMW, Bentley, Porsche,
McLaren, and Formula 1, continuing
the company’s strategy of o!ering
o”cially branded sim racing hardware.
›Fanatec has entered into a new licensing
partnership with Nissan to develop
o”cially licensed sim racing steering
wheels.
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

CREATE

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
OUR STRATEGIC INVESTMENT IN BITFOCUS
Extending Elgato Stream Deck control layer into professional broadcast production
›During the quarter we made a minority
investment in Bitfocus , the software
company behind Companion and
Buttons.
›The investment formalizes a nearly
decade -long relationship that turned
Stream Deck into a trusted control
surface for broadcast, AV, and event
production worldwide.
›The partnership gives us a complete
software -and -hardware solution for
professional production, aligns Stream
Deck’s roadmap with Bitfocus , and
unlocks synergies through joint R&D
and go -to -market e”orts.
›Corsair and Bitfocus also established a
partnership under which Stream Deck
Studio will serve as the preferred and
primary control surface across Bitfocus
customer deployments.
Broadcast Galleries and Master Control (MCR)
Corporate Events and Live Performances
Installed AV Space and Education

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
›Strong quarter with gross revenue
and transaction volume each up
over 100%.*
›Marketplace product submissions
also increased more than 300%, and
more than 500,000 new accounts
were created.*
›AI -assisted development is making
it easier for creators and developers
to build new profiles and plug -ins,
increasing the utility of the Stream
Deck ecosystem and supporting
future recurring -revenue
opportunities.
*Source: Internal marketplace data

BUILD AND COMPUTE

NEW PRODUCT LAUNCH
›Featuring vibrant RGB lighting, intricate UV -printed
artwork, and patented micro -drilled side plates with
di”use lighting.
›Highly binned DDR5 and a custom in -house PCB
deliver record -breaking speed and overclocking
precision.
›Optimized for the latest generation of DDR5
compatible AMD and INTEL® Motherboards.
CORSAIR INVESTOR PRESENTATION : AUGUST 2026
ARTIST SERIES
ULTRA OVERCLOCKED DRAM

V20R
V50R
V80T
NEW PRODUCT LAUNCH
›FlexPrime is an AI workstation designed for modern AI development
and inference.
›Delivering workstation -class performance with enterprise reliability, it
enables teams to develop, fine -tune, and deploy AI locally with speed,
security, and confidence.
›Powered by AMD and Nvidia Blackwell architecture.
›Partnered with AMD at AMD Advancing AI 2026 Event to strengthen
CORSAIR PRO’s presence in AI infrastructure and high -performance
computing through a live technology collaboration . We demonstrated
how customizable CORSAIR PRO systems can be tailored for AI,
engineering, scientific research, and other
compute -intensive workloads.
CORSAIR PRO
FLEXPRIME SERIES
CORSAIR INVESTOR PRESENTATION : AUGUST 2026

NEW PRODUCT LAUNCH
WARTHOG
STATEMENT MID -TOWER PC CASE
CORSAIR INVESTOR PRESENTATION : AUGUST 2026
›WA RT HO G is a rugged steel PC case inspired by the
Vengeance C70, combining bold industrial styling with
exceptional airflow, upgradeability, and support for today’s
high -performance hardware.
›Built for DIY enthusiasts, it features integrated carry
handles, reverse -connector motherboard support,
InfiniRail ™ fan mounting, RapidRoute 2.0 cable
management, GPU anti -sag support, and rear I/O lighting.
›Available in Black or Olive Drab, WARTHOG comes in
customizable and pre -cooled RS versions, both supporting
extensive fan and radiator configurations for powerful,
e!cient cooling.

FINANCIAL UPDATE

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Revenue in $ Millions Adjusted EBITDA in $ Millions
(1) See appendix for reconciliation of non -GAAP metrics to most comparable GAAP metrics.
GROSS PROFIT
+21% YoY
$104.3M
REVENUE
– 2% YoY
$314.3M
ADJUSTED EBITDA (1)
+279% YoY
$30.8M
ADJUSTED EPS (diluted) (1)
+$ 0.22 YoY
$0.23
Q2 2026 – STRONG PROFIT GROWTH
$261.3
$320.1 $314.3
Q2 2 4 Q2 2 5 Q2 2 6
-$ 1.2 $8.1
$16.5
$14.3
Q2 2 4 Q2 2 5 Q2 2 6
Tari ”
refund

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Trailing 12 -month Revenue in $ Millions Trailing 12 -month Adjusted EBITDA in $ Millions (1)(2)
MARGIN EXPANSION AND COST CONTROL DRIVE PROFIT GROWTH
$1,390 $1,441 $1,460 $1,443
$1,379 $1,320 $1,316 $ 1,349 $1,408 $1,449 $1,472 $ 1,457 $1,451
Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26
(1) See appendix for reconciliation of non -GAAP metrics to most comparable GAAP metrics.
Tari ! refund$14
$80
$93 $95 $93
$74
$55 $55 $ 59
$69
$80
$101
$114 $122
Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Trailing 12 -month Revenue in $ Millions
Quarterly Gross Margin
Q2 26 REVENUE
+13% YoY
$115.9M
Q2 26 GROSS PROFIT
+27% YoY
$52.0M
GROWTH IN HIGHER MARGIN GAMER AND CREATOR PERIPHERALS
$382 $376 $395 $ 413 $428 $440 $ 473 $478 $ 486 $497 $492 $503 $517
Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26
32.4% 33.1%
37.2%
40.8%
37.9% 38.3% 37.7%
41.5% 40.0% 39.3% 37.8%
40.8%
44.9%
Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
CONSISTENT LEADERSHIP IN GAMING COMPONENTS AND SYSTEMS
Trailing 12 -month Revenue in $ Millions
Quarterly Gross Margin
Q2 26 REVENUE
– 9% YoY
$198.5M
Q2 26 GROSS PROFIT
+17% YoY
$52.2M
$ 1,008 $1,065 $1,065 $ 1,030
$951
$880 $844 $871 $922 $952 $980 $ 954 $935
Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26
23.2% 21.8%
18.5% 18.7%
16.4% 15.1%
18.1%
21.7% 20.6% 20.9%
30.2% 28.4%
26.3%
Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
18 23
-1
8 5
16
33
54
23
36
8 17
Q1
24
Q1
25
Q2
24
Q2
25
Q3
24
Q3
25
Q4
24
Q4
25
Q1
25
Q1
26
Q2
25
Q2
26
Significant Adjusted EBITDA expansion
year -over -year from margin growth and
operating leverage
TTM Gamer and Creator Peripherals
Segment Revenue Growth
(in $ Millions)
Q uarterly Gross Margin Quarterly Adjusted EBITDA (1)
(in $ Millions)
SIX CONSECUTIVE QUARTERS OF PROGRESS
Consistent growth in higher margin
Gamer and Creator Peripherals Segment
Consistent gross margin expansion,
with quarterly records in past three
quarters
(1) See appendix for reconciliation of non -GAAP metrics to most comparable GAAP metrics.
413
478
428
486 440
497 473 492 478 503 486 517
Q1
24
Q1
25
Q2
24
Q2
25
Q3
24
Q3
25
Q4
24
Q4
25
Q1
25
Q1
26
Q2
25
Q2
26
25.7% 27.7%
24.1% 26.8%
22.9%
26.9% 26.2%
33.1%
27.7%
32.7%
26.8%
33.2%
Q1
24
Q1
25
Q2
24
Q2
25
Q3
24
Q3
25
Q4
24
Q4
25
Q1
25
Q1
26
Q2
25
Q2
26
Tari ! refund +235% YoY
+62% YoY
(1)
+26% YoY
+58%YoY +279%YoY
14 -754% YoY

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
($ in millions) 30 -Jun -26
Cash (Excluding restricted cash) $192.2
Te r m L o a n ( f a c e v a l u e ) $118.8
To t a l D e b t $118.3
Net Debt ($74.0)
CASH AND DEBT SUMMARY

CORSAIR CONFIDENTIAL
FINANCIAL GUIDANCE

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Financial Metrics Q3 2026 Guidance
Net Revenue $320 – $350 million
Adjusted EBITDA $18 – $21 million
Non -GAAP EPS $0.09 – $0.12
FINANCIAL GUIDANCE (1)
(1) Given the number of risk factors, uncertainties and assumptions, many of which are referenced in slide 2, actual results may di!er materially. We do not intend to update our financial outlook until our next quarterly results announcement. Estimates should not be viewed as a substitute for our full annual financial statement and are not nece ssa rily indicative of the results to be expected for any future period. Certain non -GAAP measures included in our financial outlook were not reconciled to the comparable GAAP financial measures because the GAAP measures are not accessible on a forward -looking basis. We are unable to reconcile these forward -looking into non -GAAP measures to the most directly comparable GAAP measures without unreasonable e !ort because we are currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact GAAP measures for this period but would not impact the non -GAAP measures. Such items may includ e stock -based compensation charges, public o !ering related charges, depreciation and amortization, and other items. The unavailable information could have a significant impact on our GAAP financial results.

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Financial Metrics 2026 Guidance
Net Revenue $1.40 – $1.47 billion
Adjusted EBITDA $121 – $131 million
Non -GAAP EPS $0.85 – $0.94
FINANCIAL GUIDANCE (1)
(1) Given the number of risk factors, uncertainties and assumptions, many of which are referenced in slide 2, actual results may di!er materially. We do not intend to update our financial outlook until our next quarterly results announcement. Estimates should not be viewed as a substitute for our full annual financial statement and are not nece ssa rily indicative of the results to be expected for any future period. Certain non -GAAP measures included in our financial outlook were not reconciled to the comparable GAAP financial measures because the GAAP measures are not accessible on a forward -looking basis. We are unable to reconcile these forward -looking into non -GAAP measures to the most directly comparable GAAP measures without unreasonable e !ort because we are currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact GAAP measures for this period but would not impact the non -GAAP measures. Such items may includ e stock -based compensation charges, public o !ering related charges, depreciation and amortization, and other items. The unavailable information could have a significant impact on our GAAP financial results.

APPENDIX

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
USE OF NON – GAAP FINANCIAL MEASURES
To s u p p l e m e n t t h e fi n a n c i a l r e s u l t s p r e s e n t e d i n a c c o r d a n c e w i t h G A A P , t h i s p r e s e n t a t i o n i n c l u d e s c e r t a i n n o n -GAAP financial inf ormation,
including Adjusted Operating Income (Loss), Adjusted EBITDA, Adjusted Net Income (Loss) and Adjusted Net Earnings (Loss) Per Sha re. These are
important financial performance measures for us but are not financial measures as defined by GAAP. The presentation of this n on -GAAP financial
information is not intended to be considered in isolation of or as a substitute for, or superior to, the financial informatio n p repared and presented in
accordance with GAAP.
We use these non -GAAP financial measures to evaluate our operating performance and trends and make planning decisions. We believ e that these
non -GAAP financial measures help identify underlying trends in our business that could otherwise be masked by the e”ect of the expenses and
other items that we exclude in such non -GAAP financial measures. Accordingly, we believe that these non -GAAP financial measures provide useful
information to investors and others in understanding and evaluating our operating results, enhancing the overall understandin g o f our past
performance and future prospects , and allowing for greater transparency with respect to the key financial metrics used by our management in our
financial and operational decision -making. We also present these non -GAAP financial measures because we believe investors, analy sts and rating
agencies consider them useful in measuring our ability to meet our debt service obligations.
Our use of these terms may vary from that of others in our industry. These non -GAAP financial measures should not be considered as an
alternative to net revenues, operating income (loss), net income (loss), cash provided by operating activities or any other m eas ures derived in
accordance with GAAP as measures of operating performance or liquidity. Reconciliations of these measures to the most directl y c omparable
GAAP financial measures are presented in the appendix.
We encourage investors and others to review our financial information in its entirety, not to rely on any single financial me asu re and to view these
non -GAAP financial measures in conjunction with the related GAAP financial measures.

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Non -GAAP Operating Income (Loss) Reconciliations
(Unaudited, in thousands, except percentages)
GAAP TO NON – GAAP RECONCILIATIONS
Three Months Ended
June 30,
2026 2025
Operating income (loss) – GAAP $ 7,608 $ (16,923)
Amortization 8,815 9,853
Stock -based compensation 5,935 9,335
One -time costs related to legal and other matters 2,075 1,993
Restructuring and other charges 219 772
Acquisition and related integration costs 600 1,515
Legal and due diligence costs related to strategic investments 150 —
Acquisition accounting impact related to recognizing acquired inventory at fair value — 98
Adjusted Operating Income – Non -GAAP $ 25,402 $ 6,643
As a % of net revenue – GAAP 2.4 % -5.3 %
As a % of net revenue – Non -GAAP 8.1 % 2.1 %

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Non -GAAP Net Income (Loss) and Net Income (Loss) Per Share Reconciliations
(Unaudited, in thousands, except per share amounts)
GAAP TO NON – GAAP RECONCILIATIONS
Three Months Ended
June 30,
2026 2025
Net income (loss) attributable to common stockholders of Corsair Gaming, Inc. (1) $ 6,828 $ (17,001 )
Less: Change in redemption value of redeemable noncontrolling interest (2,015 ) 3,861
Net income (loss) attributable to Corsair Gaming, Inc. 8,843 (20,862 )
Add: Net income attributable to noncontrolling interest 306 556
Net income (loss) – GAAP 9,149 (20,306 )
Adjustments:
Amortization 8,815 9,853
Stock -based compensation 5,935 9,335
Restructuring and other charges 219 772
One -time costs related to legal and other matters 2,075 1,993
Acquisition and related integration costs 600 1,515
Legal and due diligence costs related to strategic investments 150 —
Acquisition accounting impact related to recognizing acquired inventory at fair value — 98
Non -GAAP income tax adjustment (1,978 ) (1,966 )
Adjusted net income – Non -GAAP $ 24,965 $ 1,294
Diluted net income (loss) per share:
GAAP $ 0.06 $ (0.16 )
Adjusted, Non -GAAP $ 0.23 $ 0.01
Weighted -average common shares outstanding – Diluted:
GAAP 109,193 105,864
Adjusted, Non -GAAP 109,193 107,304
(1) Numerator for calculating net income (loss) per share -GAAP

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
Adjusted EBITDA Reconciliations
(Unaudited, in thousands, except percentages)
GAAP TO NON – GAAP RECONCILIATIONS
Three Months Ended
June 30,
2026 2025
Net income (loss) – GAAP $ 9,149 $ (20,306 )
Amortization 8,815 9,853
Stock -based compensation 5,935 9,335
One -time costs related to legal and other matters 2,075 1,993
Restructuring and other charges 219 772
Acquisition and related integration costs 600 1,515
Legal and due diligence costs related to strategic investments 150 —
Acquisition accounting impact related to recognizing acquired inventory at fair value — 98
Depreciation 3,649 3,351
Interest expense, net of interest income 270 1,896
Income tax (benefit) expense (30 ) (369 )
Adjusted EBITDA – Non -GAAP $ 30,832 $ 8,138
Adjusted EBITDA margin – Non -GAAP 9.8 % 2.5 %

CORSAIR INVESTOR PRESENTATION : AUGUST 2026
TT M A D J U S T E D E B I T D A R E C O N C I L I AT I O N S
(unaudited, in thousands)
GAAP TO NON – GAAP RECONCILIATIONS