Corsair Gaming beats Q2 revenue estimates on gaming peripherals strength, raises FY outlook
CRSR•Outlook
- Corsair sees Q3 net revenue between $320 mln and $350 mln
- Company expects Q3 adjusted EBITDA of $18 mln to $21 mln
- Corsair raises full-year net revenue outlook to $1.40 bln-$1.47 bln
Result drivers
- Tariff refund - Co recognized $15.6 mln in tariff refunds, boosting gross profit and margins in Q2
- Peripherals growth - Gamer and Creator Peripherals segment revenue rose 13% yr/yr, driven by demand for gaming peripherals, Sim Racing, and ecosystem expansion
- Components weakness - Gaming Components and Systems segment revenue fell 9% yr/yr due to higher memory pricing delaying DIY PC demand
Q2 results beat estimates
- Gaming hardware maker's Q2 revenue fell 2% yr/yr but beat analyst expectations
- Adjusted EPS for Q2 beat consensus, helped by $15.6 mln tariff refund
- Company completed acquisition of Trak Racer to expand Sim Racing platform
Key details and analyst coverage
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