Turtle Beach Corporation Announces Third Quarter 2026 Results and Reaffirms Full Year Guidance
Key Highlights
- ➤Q3 net revenue $84.7 million, up 5.3% year over year
- ➤Q3 net income $4.4 million, versus $1.7 million prior year
- ➤Q3 Adjusted EBITDA $8.1 million, down from $11.0 million
- ➤Full-year 2026 revenue and Adjusted EBITDA guidance reaffirmed at $335-$355 million and $44-$48 million
- ➤Early Q4 retail orders accelerating year over year through October
Expert Statements
Cris Keirn, Chief Executive Officer of Turtle Beach Corporation
“During the third quarter, Turtle Beach returned to year-over-year revenue growth, supported by our expanded product portfolio and continued progress across our strategic priorities. Importantly, we also strengthened our competitive position, achieving the number-one ranking in both U.S. gaming headsets and third-party gaming controllers, a first in any quarter for third-party gaming controllers since our acquisition of PDP.”
Cris Keirn, Chief Executive Officer of Turtle Beach Corporation
“While retailers maintained lean inventory levels through the third quarter, we have seen encouraging early signs of holiday replenishment, with customer orders accelerating year over year through October. We are also seeing improving consumer sell-through trends, particularly in the back half of October, as the industry approaches several major game releases including the highly anticipated launch of Grand Theft Auto VI.”
Cris Keirn, Chief Executive Officer of Turtle Beach Corporation
“These developments, together with our newest products and broader retail distribution, support our confidence in the opportunities ahead. Our focus remains on executing through the holiday season and translating increased demand into revenue growth and profitability.”
Cris Keirn, Chief Executive Officer of Turtle Beach Corporation
“We are reaffirming our full-year 2026 outlook and remain committed to a disciplined approach to capital allocation. Looking ahead, we anticipate having the balance sheet capacity to resume share repurchases following the holiday season, while continuing to balance capital returns with the needs of the business and other opportunities that will create long-term shareholder value.”
Cris Keirn, Chief Executive Officer of Turtle Beach Corporation
“At Turtle Beach, our priorities remain clear: deliver through the holiday season, support our retail partners, and maintain our unwavering focus on execution.”
– Third-Quarter Net Revenue Increased 5.3% Year-Over-Year to $84.7 Million – – Early Fourth-Quarter Retail Orders Accelerating Year-Over-Year Through October – –Reaffirmed Full Year 2026 Net Revenue and Adjusted EBITDA Guidance– –Anticipates Capacity for Additional Share Repurchases Following Holiday Season–
SAN DIEGO, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH), a leading gaming accessories brand, today reported financial results for the third quarter ended September 30, 2026, and reaffirmed full year 2026 guidance for net revenue and adjusted EBITDA.
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