CRSR
Corsair Gaming, Inc.6.18
-0.04-0.64%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details semis caution, memory strength
Q&A unpacked guidance conservatism, attributing the midpoint 5% revenue decline to semiconductor shortages crimping components while peripherals target double-digit growth. Memory popped in Q4 at $156M, up 24% with 35% margins from price jumps and smart inventory. OpEx drops 3-4% year-over-year, with mix benefits offsetting a $12M tariff hit. Elgato marketplace claims 2M active users; recurring revenue model details due in coming quarters. Semis stay tight for years, but Corsair leverages inventory and Taiwan manufacturing. Peripherals lift from GTA VI via Scuf controllers and Elgato capture. Investors track inventory flows and platform scaling.
Key Stats
Market Cap
658.63MP/E (TTM)
-Basic EPS (TTM)
-0.33Dividend Yield
0%Recent Filings
8-K
Director Bell to exit 2026
10-K
FY2025 results
Corsair Gaming posted FY2025 net revenue of $1.47B, up 11.9% y/y, with Gaming Components and Systems surging 16.2% on memory demand and GPU refresh cycles while Gamer and Creator Peripherals grew 4.1% via Fanatec integration. Gross margin leaped to 28.9% from 24.9%, fueled by pricing and lower reserves, flipping to slim operating profit. Q4 momentum shone in components, but peripherals softened in North America late-year. Debt sits at $122M with $100M revolver room; $50M buyback kicked off. No 2026 guidance disclosed. Intense competition risks quarterly share erosion.
8-K
Crushed FY25, $50M buyback
8-K
CFO transition announced
Corsair Gaming appointed Gordon Mattingly as CFO effective December 2, 2025, replacing Michael Potter, who shifts to senior advisor until December 31, 2025, then consults through March 31, 2026. Mattingly's package features $525,000 base, 70% target bonus, and $3M in initial equity. Smooth handover. Potter secures 12 months' pay and accelerated vesting.
10-Q
Q3 FY2025 results
Corsair Gaming posted Q3 revenue of $345.8M, up 13.7% y/y from $304.2M, with gross margin expanding to 26.9% from 22.9% on better product mix and Fanatec integration. Gaming Components and Systems surged 15.3% y/y to $233.1M, while Peripherals grew 10.5% to $112.7M. Operating loss narrowed to $5.6M from $20.9M; net loss attributable to common stockholders hit $9.5M or $(0.09) per diluted share (106.3M shares). Cash fell to $64.4M after $12.0M YTD operating cash flow, less $10.1M capex; debt dropped to $122.9M on refinanced June 2030 term loan (6.1% effective rate), with $99.8M revolver availability. Fanatec closed Sep 2024 for $43.7M cash, adding $2.1M goodwill and $15.1M intangibles (6-15 years). Customer concentration persists.
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