CRSRNasdaqComputer Peripheral Equipment, NECUS GAAP · USD

Corsair Gaming, Inc.

Corsair Gaming makes hardware and software for PC gamers, sim racers, streamers, and other digital creators. Its portfolio spans gaming peripherals, streaming gear, PC components, and prebuilt systems, with products sold through retail partners and direct-to-consumer channels worldwide.

Kysy yhtiöstä
Liikevaihto1 472milj. USD
+11,9 %v/v
Liikevoitto (EBIT)2,1milj. USD
+104,2 %v/v
EBIT-marginaali0,1%
+3,9 %-yks.v/v
Nettotulos−16,2milj. USD
+81,0 %v/v
Vapaa kassavirta34,7milj. USD
+33,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−50005001 0001 5002 000milj. USD2020: 1 702 milj. USD2020: EBIT 158 milj. USD20202021: 1 904 milj. USD2021: EBIT 138 milj. USD20212022: 1 375 milj. USD2022: EBIT −55 milj. USD20222023: 1 460 milj. USD2023: EBIT 9,7 milj. USD20232024: 1 316 milj. USD2024: EBIT −50 milj. USD20242025: 1 472 milj. USD2025: EBIT 2,1 milj. USD20251 4722,1
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Gamer and Creator Peripherals52 %

Gaming input devices, streaming hardware, cameras, audio gear, sim racing products, and related accessories.

Gaming Components and Systems48 %

Power supplies, cooling, cases, memory modules, and high-end prebuilt/custom gaming systems.

Asiakkaat

Corsair sells to gaming enthusiasts, PC builders, sim racing fans, and content creators who want performance hardware and a coordinated software ecosystem. It also serves retailers, e-retailers, distributors, system integrators, and a smaller OEM customer base that resells or integrates its products into gaming PCs and creator setups.

Gaming enthusiasts

Buy keyboards, mice, headsets, controllers, memory, cooling, and PSUs to improve game performance and customization.

Content creators and streamers

Buy Stream Deck, capture cards, microphones, cameras, and software tools to produce and control broadcasts.

Sim racing enthusiasts

Buy Fanatec racing hardware and related accessories for immersive racing setups.

Retail and e-commerce partners

Buy inventory for resale through online and brick-and-mortar channels, driving broad market reach.

System integrators and OEMs

Buy components and systems for inclusion in custom gaming PCs and workstation builds.

Strategia

Corsair is focused on expanding its product ecosystem across gaming, streaming, and sim racing while using software to lock in users across devices. It is also leaning on Fanatec integration, direct-to-consumer growth, and selective acquisitions to widen its addressable market and deepen customer engagement.

Broaden the product ecosystemKeskipitkä aikaväli

A wider lineup increases wallet share and reduces dependence on any single product cycle.

Strengthen software-led differentiationKeskipitkä aikaväli

Unified software improves switching costs and makes the hardware ecosystem more sticky.

Expand direct customer engagementLyhyt aikaväli

Direct-to-consumer channels can improve margins, data access, and brand control.

Integrate Fanatec and grow sim racingLyhyt aikaväli

Fanatec adds a specialist enthusiast category and broadens Corsair's premium offering.

Maantiede

Q1/2026

Corsair sells globally and organizes its sales force across Europe, North America, Latin America, and Asia Pacific. The company does not provide a country revenue split in the excerpts, but it highlights broad international distribution, local-language sales coverage in major markets, and a direct-to-consumer push alongside retail expansion.

USA66 %
Asia Pacific23 %
Americas11 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Corsair’s results depend on brand strength, product innovation, and the timing of new GPUs, CPUs, and game launches that stimulate upgrades. It also faces intense competition, channel concentration at large retailers and e-commerce partners, seasonality, and margin pressure from product mix and memory input costs.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Brand and reputation erosion1Dependence on third-party hardware and game cycles2Intense competition3Channel concentration4Input cost and product mix volatility5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Brand and reputation erosionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company sells premium enthusiast products where brand trust and loyalty drive repeat purchases.

    Kohdistuu: Gaming and creator peripherals

  2. Dependence on third-party hardware and game cyclesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Demand rises when new GPUs, CPUs, and major game releases trigger upgrades.

    Kohdistuu: Gaming components and systems

  3. Intense competitionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Corsair competes against large peripheral, component, and streaming hardware brands.

    Kohdistuu: All product lines

  4. Channel concentrationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Amazon represented more than 10% of net revenue in each of the last three years.

    Kohdistuu: Retail and e-commerce sales

  5. Input cost and product mix volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    IC pricing and shifts toward lower-margin components can reduce gross margin.

    Kohdistuu: Memory and component products

Kirjanpito

Harkinnanvaraiset erät
Net revenue presentation

Revenue is recorded net of allowances, so channel incentives and returns affect top-line comparability.

Vaikutus: Reported sales and gross margin

Seasonality

Demand is typically lower after the holiday season and before new hardware launches.

Vaikutus: Quarterly revenue and margin volatility

Product mix

Peripherals carry higher gross margin than components, so mix changes move consolidated margin.

Vaikutus: Gross profit and operating leverage

Inventory and memory input pricing

IC price fluctuations can alter memory module pricing and profitability.

Vaikutus: Cost of revenue and inventory valuation

Acquisition-related estimates

Recent acquisitions such as Fanatec can create goodwill and intangible asset impairment risk.

Vaikutus: Balance sheet carrying values and future impairment charges

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Päivitetty: 24.9.2026