New York, May 22, 2026, 05:07 (EDT)
Turtle Beach Corp moved higher Thursday, ending the day up 3.83% at $11.12. Investors took in the news of a new finance chief, but the company kept its 2026 outlook for the gaming-accessories business. Shares on Nasdaq changed hands between $10.23 and $11.17.
Turtle Beach is back to focusing on execution after CFO Mark Weinswig said he plans to step down. Weinswig notified the company on May 16 that he’ll resign as chief financial officer, effective June 15. Andrew Clipsham, senior finance director for EMEA and ANZ, will take over as interim CFO and principal financial and accounting officer while the company looks for a permanent replacement, according to an SEC filing.
Turtle Beach is asking investors to look past a tough first quarter. Revenue came in at $42.2 million, with gross margin at 26.8%. Net loss was $15.2 million, and adjusted EBITDA showed a loss of $6.5 million. Adjusted EBITDA is not a standard profit metric, since it excludes interest, taxes, depreciation, amortization and some other costs. CEO Cris Keirn called it a “temporary dip in channel inventories,” referring to product still with retailers and distributors. Q4cdn
Turtle Beach kept its full-year 2026 forecast for net revenue in the $335 million to $355 million range and adjusted EBITDA between $44 million and $48 million. Keirn said Clipsham has “deep institutional knowledge” and the finance team will “continue to execute without interruption.” Turtle Beach Corporation
With regular Nasdaq trading still shut at the dateline, the exchange was set to open at 9:30 a.m. Eastern and close at 4:00 p.m. Nasdaq lists Memorial Day—Monday, May 25—as a holiday, which makes Friday the final regular U.S. equity session ahead of the long weekend.
TBCH led gains even as the wider market ticked up. The S&P 500 finished Thursday up 0.2%, the Nasdaq Composite was up 0.1%, and the Russell 2000 climbed 0.9%, AP reported.
Turtle Beach goes up against Logitech G in gaming mice, keyboards and headsets, and against Corsair in keyboards, mice, headsets and controllers. The overlap is narrow but matters to the market. The 2026 outlook will hinge on how products roll out, where retailers put them, and how strict pricing is.
Turtle Beach shares could give up gains if the hoped-for retail comeback stalls. The company’s annual risk statement names pressure from competitors with bigger marketing budgets, price cuts, better products, plus exposure to trade policy, logistics expenses, inflation and weak demand—all potential hits to margins and results.
Right now the stock setup is clear: CFO out, but guidance stays. Next up, Turtle Beach faces a bigger hurdle as it tries to prove the first-quarter miss was about timing, not weak demand.
