Turtle Beach Corporation (TBCH) Earnings
Turtle Beach Corporation is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $-0.30. TBCH has beaten EPS estimates in 4 of its last 12 reported quarters (average surprise -24.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.43 | $-0.78 | -81.4% | $42M | -10.0% |
| Mar 12, 2026 | $1.08 | $0.89 | -17.6% | $119M | -17.6% |
| Nov 6, 2025 | $0.15 | $0.08 | -46.7% | $80M | -44.6% |
| Aug 7, 2025 | $-0.27 | $-0.14 | +48.1% | $57M | -32.6% |
| May 8, 2025 | $-0.05 | $-0.03 | +40.0% | $64M | +3.4% |
| Mar 13, 2025 | $1.12 | $1.00 | -10.7% | $146M | -4.3% |
| Nov 7, 2024 | $0.18 | $0.16 | -11.1% | $94M | +7.9% |
| Aug 8, 2024 | $-0.27 | $-0.30 | -11.1% | $76M | +8.2% |
| Mar 31, 2024 | $-0.22 | $0.01 | +103.6% | $56M | +6.8% |
| Dec 31, 2023 | $0.60 | $0.50 | -17.7% | $100M | -10.8% |
| Sep 30, 2023 | $-0.24 | $-0.21 | +13.9% | $59M | +10.4% |
| Jun 30, 2023 | $-0.34 | $-0.93 | -175.5% | $48M | -4.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• The quarter was impacted by a temporary dip in channel inventories due to retail partners managing stock levels. • The company is laying groundwork for a meaningful step-up in new product introduction cycle with over 50% year-over-year growth in new product launches planned for 2026. • Launched Stealth Pro 2 flagship headset with features like Japan Audio Society certified high-res audio, patented dual drivers, Dolby Atmos Spatial Audio, etc. • Initiated brand transformation with The Last Ninja campaign for Stealth Pro 2 launch. • Restructured credit facilities to enhance capital return flexibility with $56 million remaining on share repurchase authorization. • Focus on optimizing cost structure, accelerating product innovations, and preparing for industry catalysts like GTA VI launch and console refresh cycles.
Guidance
• Reaffirmed full year 2026 revenue guidance of $335 million to $355 million and adjusted EBITDA guidance of $44 million to $48 million. • Anticipate sequential improvement starting in the current quarter as new products launch and gain traction. • Q2 is expected to be approximately 17%-18% of full year revenue. • Second half of the year to see significant acceleration driven by Nintendo Switch 2 momentum, new product releases, the anticipated November launch of GTA VI, and a strong holiday season.
Segment performance
In Q1 2026, revenue was $42.2 million compared to $63.9 million in the prior year. Gross margin was 26.8% versus 36.6% in the prior year. The simulator products, like race and flight sim, saw year-over-year share gains in Q1 but are a low single-digit contributor to overall revenue. Headsets make up north of 60% of the business. There's strong demand in the high end of the price ranges, with people trading up to higher price tiers.
Risks & headwinds
• Market conditions and channel inventory dynamics could affect results. • Risks related to forward-looking statements, including factors that might cause actual results to differ from expectations. • Potential impact of rising fuel costs on shipping and the supply chain. • Uncertainty regarding the balance between console and PC new product launches and their impact on the business. • Impact of changes in the consumer hardware market and gaming platform shifts on product demand and sales.
Analyst Q&A
Q: Discuss simulator products demand and comparison to headset business.
A: Simulator products like race and flight sim saw year-over-year share gains in Q1 but are a small part of the total business, while headsets account for north of 60% of the business.
Q: Trade down behavior with premium products.
A: There's strong demand on the high end of the price ranges, with people trading up to higher price tiers.
Q: Impact of Nintendo Switch 2 production cut on planogram.
A: Switch 2 sales are strong, with sequential increasing comps in Q1 and new placements expected in Q2.
Q: 2Q revenue commentary and lower updated view.
A: Q1 was slower than expected with some margin hit flowing to Q2, but the second half is expected to be robust.
Q: Inventory and building for sales.
A: Keeping a close eye on inventory, which is down year-over-year, and building for the second half.
Q: Exposure to rising fuel costs.
A: Small increases, not material yet.
Q: Circana data on accessories category.
A: 5% increase in the accessories category is a good sign, though headsets and controllers were slightly down in Q1.
Q: GTA VI launch impact on channel activities.
A: Possible impact with a potential ramp in Q3 similar to GTA V.
Q: Managing balance between console and PC new product launches.
A: Factoring into product planning, focusing on multiplatform support, and console activity to increase with GTA VI.
Q: Relationship with Xbox.
A: Great relationship, no shift, excited about Project Helix.
Q: GTA VI impact start and tailwind.
A: Possible early ramp in Q3, with tailwinds potentially being multiyear like GTA V.
Q: Channel inventory and net basis.
A: Channel inventory dipped in Q1, with guidance assuming flat channel inventory year-over-year