--- title: "Turtle Beach | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 56.37 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295143457.md" datetime: "2026-08-06T21:01:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295143457.md) - [en](https://longbridge.com/en/news/295143457.md) - [zh-HK](https://longbridge.com/zh-HK/news/295143457.md) generator: "portal-rs" --- # Turtle Beach | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 56.37 M Revenue: As of FY2026 Q2, the actual value is USD 56.37 M, missing the estimate of USD 60.1 M. EPS: As of FY2026 Q2, the actual value is USD -0.38, missing the estimate of USD -0.312. EBIT: As of FY2026 Q2, the actual value is USD 615 K. ### Second Quarter 2026 Financial Highlights Turtle Beach Corporation reported net revenue of $56.4 million for the second quarter ended June 30, 2026, compared to $56.8 million in the prior year period. Gross margin improved to 38.8%, marking a year-over-year increase of 660 basis points, primarily due to tariff refunds received. The company recorded a net loss of -$7.3 million, an increase from a net loss of -$2.9 million in the prior year. Adjusted EBITDA was $1.3 million, up from a loss of -$3.0 million in the prior year. Cash flow from operations generated $6.5 million, a significant improvement from a cash outflow of -$3.1 million in the prior year. #### Operational Metrics (Three Months Ended June 30) - **Cost of Revenue**: $34,502 thousand in 2026, compared to $38,515 thousand in 2025. - **Gross Profit**: $21,863 thousand in 2026, compared to $18,262 thousand in 2025. - **Selling and Marketing Expenses**: $14,700 thousand in 2026, up from $12,731 thousand in 2025. - **Research and Development Expenses**: $4,813 thousand in 2026, up from $4,471 thousand in 2025. - **General and Administrative Expenses**: $5,401 thousand in 2026, down from $7,354 thousand in 2025. - **Insurance Recovery**: $0 thousand in 2026, compared to -$5,965 thousand in 2025. - **Total Operating Expenses**: $24,914 thousand in 2026, compared to $18,591 thousand in 2025. - **Operating (Loss) Income**: -$3,051 thousand in 2026, compared to -$329 thousand in 2025. - **Interest Expense, Net**: $3,666 thousand in 2026, compared to $2,049 thousand in 2025. - **Other Expense (Income), Net**: $73 thousand in 2026, compared to $799 thousand in 2025. - **Loss Before Income Tax**: -$6,790 thousand in 2026, compared to -$3,177 thousand in 2025. - **Income Tax Expense (Benefit)**: $521 thousand in 2026, compared to -$246 thousand in 2025. #### Operational Metrics (Six Months Ended June 30) - **Net Revenue**: $98,537 thousand in 2026, compared to $120,678 thousand in 2025. - **Net Loss**: -$22,517 thousand in 2026, compared to -$3,595 thousand in 2025. - **Operating (Loss) Income**: -$17,112 thousand in 2026, compared to $1,207 thousand in 2025. #### Cash Flow Summary (Six Months Ended June 30) - **Net Cash Provided by Operating Activities**: $35,869 thousand in 2026, compared to $37,303 thousand in 2025. - **Net Cash Used in Financing Activities**: -$32,380 thousand in 2026, compared to -$41,746 thousand in 2025. - **Cash and Cash Equivalents at End of Period**: $19,565 thousand as of June 30, 2026, compared to $11,705 thousand as of June 30, 2025. #### Share Repurchases During the second quarter, Turtle Beach Corporation repurchased 2.0 million shares of common stock for $25.0 million at an average price of $12.53 per share. The company has approximately $31.0 million of remaining capacity in its current share repurchase program, and since commencing buybacks in 2024, has repurchased approximately $74 million of common stock. #### Debt Refinancing Turtle Beach Corporation refinanced its credit facilities during the second quarter, establishing a new credit structure consisting of an up to $80 million revolving asset-based lending (ABL) facility and an $85 million term loan facility. These new facilities replaced the company’s prior $150 million credit agreement, enhancing financial flexibility and accelerating the capital return program. #### Net Debt As of June 30, 2026, Turtle Beach Corporation had net debt of $64.4 million, comprising $83.9 million of borrowings less $19.6 million of cash. ### Financial Outlook / Guidance Turtle Beach Corporation reaffirmed its full year 2026 guidance, projecting net revenues between $335 million and $355 million, representing 5% to 11% year-over-year growth. Adjusted EBITDA is forecasted to be between $44 million and $48 million, indicating 10% to 20% year-over-year growth. The company anticipates a meaningful business rebound as retailers rebuild inventory and renewed consumer demand is driven by anticipated new game titles. ### Related Stocks - [TBCH.US](https://longbridge.com/en/quote/TBCH.US.md) ## Related News & Research - [Turtle Beach Q2 revenue and net loss miss analyst expectations](https://longbridge.com/en/news/295138771.md) - [Diversis Capital’s DC VGA reports TBCH common share sale worth $3.63 million](https://longbridge.com/en/news/295723077.md) - [Turtle Beach (TBCH) Gets a Hold from Wedbush](https://longbridge.com/en/news/285758069.md) - [Turtle Beach Q1 earnings call highlights](https://longbridge.com/en/news/285796432.md) - [Turtle Beach to report Q2 2026 results after market close, host conference call](https://longbridge.com/en/news/293664779.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**