Why Corsair Gaming Stock Skyrocketed by 35% Today

Corsair Gaming stock surged 35% after beating Q2 earnings expectations despite a 2% revenue decline. The company reported adjusted net income of $25 million ($0.23 per share) versus analyst estimates of $0.09 per share, driven by improved gross margins reaching a company record of 33%. Strong demand in gaming peripherals offset weakness in gaming components due to high memory pricing. The company issued encouraging full-year guidance of $1.4-1.47 billion in revenue and $0.85-0.94 in adjusted EPS.