earnings
confidence high
sentiment negative
materiality 0.60
Corsair Gaming reports preliminary Q2 revenue of ~$261M; component segment disappointing, peripherals grow 20% YoY
Corsair Gaming, Inc.
2024-Q2 EPS reported
-$0.41
revenue$598,557,000
- Preliminary unaudited Q2 2024 revenue ~$261M; full financial results and call scheduled for August 1.
- CEO Andy Paul cites softer high-end self-built PC market; consumers waiting for new GPUs, lowering ASPs.
- Gamer and Creator Peripherals segment grew 20% YoY for third consecutive quarter, with good margin growth.
- Gaming Components segment sold less into channel; management expects recovery in H2 2024 and 2025.