Turtle Beach Corporation Announces Second Quarter 2026 Results and Reiterates Full Year Guidance
–Generated Net Revenue of $56.4 Million––Repurchased $25.0 Million of Common Stock, Reflecting Continued Commitment to Return Capital to Shareholders––Reaffirmed Full Year 2026 Net Revenue and Adjusted EBITDA Guidance– SAN DIEGO, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH), a leading gaming accessories brand, today reported financial results for the second quarter ended June 30, 2026, and reaffirmed full year 2026 guidance for net revenue and adjusted EBITDA. Second Quarter Highlights Net revenue was $56.4 million, compared to $56.8 million in the prior year Gross margin improved to 38.8%, a year-over-year improvement of 660 basis points due to tariff refunds received in the second quarter 2026 Net loss of $7.3 million, compared to net loss of $2.9 million in the prior year Adjusted EBITDA of $1.3 million compared to a loss of $3.0 million in the prior year Generated cash flow from operations of $6.5 million, compared to cash outflow of $3.1 million in the prior year Refinanced credit facilities to enhance financial flexibility and accelerate the Company's capital return program Repurchased $25.0 million of common stock through share buyback program Reaffirmed full year 2026 net revenue and adjusted EBITDA guidance of $335 million - $355 million and $44 million - $48 million, respectively “We continued to execute on our robust new product roadmap during the second quarter, delivering innovative products across multiple categories, including the launch of our flagship Stealth Pro II headset," said Cris Keirn, Chief Executive Officer of Turtle Beach Corporation.