Turtle Beach Corporation (TBCH) Earnings Call Transcripts

Turtle Beach Corporation's Latest Earnings Call - Q1 FY2026

In Q1 2026, Turtle Beach Corporation reported revenue of $42.2 million, a significant decline from $63.9 million in the prior year, reflecting ongoing market challenges and channel inventory adjustments. The company reaffirmed its full-year revenue guidance of $335 million to $355 million, indicating confidence in upcoming product launches and market recovery, particularly with the anticipated release of Grand Theft Auto V in November 2026. Despite a net loss of $15.2 million for the quarter, management highlighted strong pre-order momentum for the new Stealth Pro 2 headset and a focus on capital return strategies, including share repurchases.

Reported metrics

Guidance from management

Management reaffirmed full-year 2026 revenue guidance of $335 million to $355 million and adjusted EBITDA guidance of $44 million to $48 million, indicating confidence in product launches and market recovery.

What management said

We're seeing some small increases. It hasn't been material really for us to this point. That's another item we're keeping a close eye on to make sure that we're optimizing our shipping containers and making sure that we're taking advantage of any improvements that we can drive there in our supply chain. But so far, nothing significant, and I wouldn't anticipate it to change anything that we've guided to for the full ...

Yes. I think that's an indication of the ongoing demand for gaming. It was great to see that number. When you look at our category specifically, so if I take headsets and controllers through Q1, those categories are just slightly down, sort of low single digits. So they're not yet seeing growth across -- that's, call it, 90% of our business between headsets and controllers but that overall 5% increase, I think, is a ...

What analysts pressed on

Analysts expressed concerns about the slower-than-expected Q1 performance and its impact on Q2 revenue. There were questions regarding potential trade-down behavior among consumers and the overall resilience of the gaming accessory market amidst economic pressures.

Main topics on the call

• Revenue Decline — Turtle Beach's Q1 2026 revenue of $42.2 million represents a 34% year-over-year decline from $63.9 million, attributed to challenging market conditions and channel inventory compression. Management noted, "this decline r...
• Product Launch Momentum — Management is optimistic about the upcoming product launches, projecting over 50% year-over-year growth in new product introductions for 2026. The Stealth Pro 2 headset has already seen preorders more than double that of...
• Gross Margin Compression — Gross margin for Q1 2026 was reported at 26.8%, down from 36.6% in the prior year, primarily due to lower revenue and promotional activities. Management stated, "we utilized targeted promotional activity to reduce invent...
• Guidance Reaffirmation — Despite the weak Q1 results, Turtle Beach reaffirmed its full-year 2026 revenue guidance of $335 million to $355 million, reflecting confidence in strategic initiatives and upcoming product launches. Management emphasize...

Read the full Turtle Beach Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Turtle Beach Corporation earnings call transcripts on record, spanning March 10, 2020 to August 6, 2026. Based on this history, Turtle Beach Corporation reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TBCH

Exchange

NasdaqGM

Country

US

Sector

Information Technology

Industry

Technology Hardware, Storage and Peripherals

Calls on record

27

First call

March 10, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly