Turtle Beach Reports Q1 Revenue of $42.17M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2026
0mins
Reports Q1 revenue $42.17M, consensus $46.87M. "As we build momentum through our brand transformation and release of new products, our first quarter results reflect the continuation of challenging market environments that carried over from 2025," said Cris Keirn, Chief Executive Officer of Turtle Beach Corporation. "We saw a temporary dip in channel inventories, which we expect to rebound and act as a tailwind in the remaining quarters of 2026 as we ramp our new product placements at retail."
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Analyst Views on TBCH
Wall Street analysts forecast TBCH stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.800
Low
18.00
Averages
19.75
High
21.00
Current: 12.800
Low
18.00
Averages
19.75
High
21.00
About TBCH
Turtle Beach Corporation is an audio and gaming technology company. The Company is engaged in developing, commercializing, and marketing products under the Turtle Beach and ROCCAT brands. The Company is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers (PC), tablets and mobile devices. Its PC peripherals brand, ROCCAT, creates PC gaming keyboards, mice and other gaming accessories focused on the PC gaming market. The Turtle Beach brand has a market of gaming headsets with a portfolio of headsets for Xbox, PlayStation, and Nintendo consoles, as well as for PCs and mobile/tablet devices. It also includes the Neat Microphones brand, which creates, manufactures, and sells digital universal serial bus (USB) and analog microphones for streamers and content creators. Its subsidiaries include VTB Holdings, Inc., Voyetra Turtle Beach, Inc., Turtle Beach Europe Limited and PDP France SARL.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Turtle Beach Appoints New CFO
- Executive Change: Turtle Beach Corporation announced the appointment of Senior Director of Finance Andrew Clipsham as interim Chief Financial Officer effective June 15, succeeding Mark Weinswig, who will remain through the transition period to ensure financial stability.
- Guidance Reaffirmation: The company reaffirmed its 2026 net revenue guidance midpoint of approximately $345 million and adjusted EBITDA midpoint of about $46 million, demonstrating confidence in future performance despite market challenges.
- Financial Performance Review: Turtle Beach's latest earnings report revealed a GAAP EPS of -$0.78, missing expectations by $0.34, while revenue of $42.2 million fell short by $4.67 million, reflecting pressures in the current market environment.
- Strategic Restructuring: The company is restructuring its credit facilities to support stock buyback initiatives, aiming to enhance shareholder value and improve capital structure, indicating management's positive outlook for future growth.
See More
Turtle Beach Q1 2026 Earnings Call Insights
- Financial Performance Review: Turtle Beach reported Q1 2026 revenue of $42.2 million, a 34.5% decline from $63.9 million in the prior year, reflecting a challenging market environment, although the company maintains a full-year revenue guidance of $335 million to $355 million.
- New Product Launch Plans: CEO Keirn emphasized a target of over 50% year-over-year growth in new product launches for 2026, including the Stealth Pro 2 headset and multiple accessories for the Nintendo Switch 2, with preorders already exceeding double that of its predecessor, indicating strong market demand.
- Margin Pressure: CFO Weinswig noted that the gross margin for Q1 was 26.8%, down from 36.6% in the prior year, primarily due to channel promotions and one-time costs associated with the transition of the U.S. warehouse, with expectations that these pressures are short-term.
- Share Repurchase Program: The company has initiated its share repurchase program, with CFO Weinswig stating that the new financing structure provides flexibility for buybacks, which is expected to enhance the company's capital return capabilities and support future growth strategies.
See More
Turtle Beach (TBCH) Q1 2026 Earnings Transcript
See More
Turtle Beach Corp Projects FY2026 Revenue at $344.3 Million, According to LSEG IBES Data
Turtle Beach Corp FY 2026 Review: The financial review for Turtle Beach Corporation indicates a revenue of $344.3 million for the fiscal year 2026.
LS E-Gaming Data: The review includes significant data related to LS E-Gaming, highlighting its performance and impact on Turtle Beach's overall financial results.
See More
Turtle Beach Corporation to Report Q1 2026 Financial Results
- Earnings Report Schedule: Turtle Beach Corporation is set to release its Q1 2026 financial results on May 7, 2026, after market close, indicating the company's commitment to transparency and investor communication.
- Conference Call Details: The company will host a conference call at 4:30 PM ET on the same day, led by CEO Cris Keirn and CFO Mark Weinswig, aimed at providing in-depth analysis of the financial results and addressing investor inquiries.
- Webcast Availability: The conference call will be available via a live webcast on the company's website, reflecting Turtle Beach's emphasis on investor relations and ensuring stakeholders can access real-time information.
- Replay Service: A recording of the call will be accessible until May 21, allowing investors to catch up on the discussion by dialing specified numbers, showcasing the company's commitment to ongoing communication with its stakeholders.
See More
Turtle Beach Receives Buy Rating
- Rating Analysis: Turtle Beach (TBCH) has received an average buy rating from analysts, indicating a positive market outlook for its future performance, which may attract more investor interest.
- Price Target: The mean price target set by analysts is $16.33, reflecting confidence in the company's growth potential, which could drive upward price movements.
- Market Reaction: Following the buy rating announcement, investors may reassess their portfolios and increase their holdings in Turtle Beach, thereby enhancing its market liquidity.
- Strategic Implications: The issuance of this rating could strengthen Turtle Beach's position in the highly competitive gaming peripherals market, attracting more attention and potential partnership opportunities.
See More
Turtle Beach Appoints New CFO
- Executive Change: Turtle Beach Corporation announced the appointment of Senior Director of Finance Andrew Clipsham as interim Chief Financial Officer effective June 15, succeeding Mark Weinswig, who will remain through the transition period to ensure financial stability.
- Guidance Reaffirmation: The company reaffirmed its 2026 net revenue guidance midpoint of approximately $345 million and adjusted EBITDA midpoint of about $46 million, demonstrating confidence in future performance despite market challenges.
- Financial Performance Review: Turtle Beach's latest earnings report revealed a GAAP EPS of -$0.78, missing expectations by $0.34, while revenue of $42.2 million fell short by $4.67 million, reflecting pressures in the current market environment.
- Strategic Restructuring: The company is restructuring its credit facilities to support stock buyback initiatives, aiming to enhance shareholder value and improve capital structure, indicating management's positive outlook for future growth.
See More
Turtle Beach Q1 2026 Earnings Call Insights
- Financial Performance Review: Turtle Beach reported Q1 2026 revenue of $42.2 million, a 34.5% decline from $63.9 million in the prior year, reflecting a challenging market environment, although the company maintains a full-year revenue guidance of $335 million to $355 million.
- New Product Launch Plans: CEO Keirn emphasized a target of over 50% year-over-year growth in new product launches for 2026, including the Stealth Pro 2 headset and multiple accessories for the Nintendo Switch 2, with preorders already exceeding double that of its predecessor, indicating strong market demand.
- Margin Pressure: CFO Weinswig noted that the gross margin for Q1 was 26.8%, down from 36.6% in the prior year, primarily due to channel promotions and one-time costs associated with the transition of the U.S. warehouse, with expectations that these pressures are short-term.
- Share Repurchase Program: The company has initiated its share repurchase program, with CFO Weinswig stating that the new financing structure provides flexibility for buybacks, which is expected to enhance the company's capital return capabilities and support future growth strategies.
See More
Turtle Beach (TBCH) Q1 2026 Earnings Transcript
See More
Turtle Beach Corp Projects FY2026 Revenue at $344.3 Million, According to LSEG IBES Data
Turtle Beach Corp FY 2026 Review: The financial review for Turtle Beach Corporation indicates a revenue of $344.3 million for the fiscal year 2026.
LS E-Gaming Data: The review includes significant data related to LS E-Gaming, highlighting its performance and impact on Turtle Beach's overall financial results.
See More
Turtle Beach Corporation to Report Q1 2026 Financial Results
- Earnings Report Schedule: Turtle Beach Corporation is set to release its Q1 2026 financial results on May 7, 2026, after market close, indicating the company's commitment to transparency and investor communication.
- Conference Call Details: The company will host a conference call at 4:30 PM ET on the same day, led by CEO Cris Keirn and CFO Mark Weinswig, aimed at providing in-depth analysis of the financial results and addressing investor inquiries.
- Webcast Availability: The conference call will be available via a live webcast on the company's website, reflecting Turtle Beach's emphasis on investor relations and ensuring stakeholders can access real-time information.
- Replay Service: A recording of the call will be accessible until May 21, allowing investors to catch up on the discussion by dialing specified numbers, showcasing the company's commitment to ongoing communication with its stakeholders.
See More
Turtle Beach Receives Buy Rating
- Rating Analysis: Turtle Beach (TBCH) has received an average buy rating from analysts, indicating a positive market outlook for its future performance, which may attract more investor interest.
- Price Target: The mean price target set by analysts is $16.33, reflecting confidence in the company's growth potential, which could drive upward price movements.
- Market Reaction: Following the buy rating announcement, investors may reassess their portfolios and increase their holdings in Turtle Beach, thereby enhancing its market liquidity.
- Strategic Implications: The issuance of this rating could strengthen Turtle Beach's position in the highly competitive gaming peripherals market, attracting more attention and potential partnership opportunities.
See More
