Corsair Q2 revenue beats at $325.4M (+14.6% YoY); reiterates FY2023 outlook

Corsair Gaming, Inc.

2023-Q2 EPS reported $0.00 revenue$679,396,000

Net revenue $325.4M, up 14.6% YoY; gaming components segment $246.7M (+26.6%), peripherals $78.8M (-11.5%).
GAAP net income $1.1M ($0.01 diluted EPS) vs loss of $59.4M a year ago; adjusted net income $9.8M ($0.09 diluted).
Adjusted EBITDA $17.8M, improved from -$11.0M in Q2 2022; gross margin up 1270 bps YoY.
FY2023 guidance upheld: revenue $1.35B-$1.55B, adj. EBITDA $90M-$110M, adj. op income $75M-$95M.
Post-quarter, acquired certain assets of Drop, a community e-commerce platform for custom keyboards and keycaps.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Corsair Gaming, Inc. reported the first six months of 2023 results: revenue $679.4 million, net income $43 thousand, EPS $0.00 per diluted share.

Period: the first six months of 2023
Revenue: $679.4 million
Net income: $43 thousand
EPS: $0.00 per diluted share
Result: reported results

Exact text from the filing

First Half 2023 Select Financial Metrics • Net revenue was $679.4 million compared to $664.6 million in the first six months of 2022, an increase of 2.2%.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Corsair Gaming, Inc. reported the second quarter ended June 30, 2023 results: revenue $325.4 million, net income $1.1 million, EPS $0.01 per diluted share. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $325.4 million
Net income: $1.1 million
EPS: $0.01 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

results for the second quarter ended June 30, 2023, and reiterated its financial outlook for the full year 2023. Second Quarter 2023 Select Financial Metrics • Net revenue was $325.4 million compared to $283.9 million in the second quarter of 2022, an increase of 14.6%. Gaming components and systems segment net revenue was $246.7 million compared to $194.9 million in

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Source: SEC EDGAR

accession 0000950170-23-037939

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