The earnings call highlighted strong revenue growth, successful integration of Fanatec, and advancements in AI-driven innovations, contributing to an optimistic outlook. However, ongoing net losses and uncertainty due to tariffs present challenges that the company is navigating.

Company Guidance -

Q1 2025

During Corsair Gaming's First Quarter 2025 earnings call, the company reported $369.8 million in net revenue, reflecting a 10% year-over-year growth from Q1 2024. The Gamer and Creator Peripheral segment generated $112 million, while the Gaming Components and Systems segment brought in $257.8 million. Corsair achieved a gross profit of $102.4 million, with a gross margin of 27.7%, an improvement from 25.7% the previous year. Adjusted EBITDA for the quarter was $22.6 million, up from $18 million in Q1 2024. The company also noted a GAAP operating loss of $2.3 million and an adjusted net income of $12.3 million. They highlighted the successful integration of Fanatec, contributing to growth in the peripherals segment, and discussed strategies to mitigate tariff impacts, with only 19% of U.S. market products sourced from China. Corsair's liquidity remains strong, with a cash balance of $102.5 million and $149 million in debt, down by $25 million from the previous quarter.

Revenue Growth

Corsair reported $370 million in revenue for Q1 2025, representing approximately 10% growth over Q1 2024.

Successful Integration of Fanatec

Fanatec Sim Racing operation was successfully integrated, aligning across website, e-commerce systems, ERP, supply chain, and customer support infrastructure, contributing to growth in the Gamer and Creator Peripheral segment.

AI-Driven Innovations

Corsair introduced AI-enhanced tools like the AI Prompter and integrated AI into wavelength with AI Acoustic, enhancing customer relationships and reducing support costs.

Improved Financial Metrics

Gross margin improved to 27.7% from 25.7% in Q1 2024. Adjusted EBITDA increased to $22.6 million from $18 million in Q1 2024.

Debt Reduction

Corsair reduced debt to $149 million, down $25 million from the prior quarter, enhancing financial flexibility and resilience.

Corsair Gaming (CRSR) Earnings, Revenues Date & History

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CRSR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 31, 2025	2025 (Q2)	0.03 / -	-0.07	―	―	―
May 06, 2025	2025 (Q1)	0.12 / 0.11	0.09	22.22% (+0.02)
Feb 12, 2025	2024 (Q4)	0.16 / 0.23	0.22	4.55% (+0.01)
Nov 06, 2024	2024 (Q3)	0.07 / -0.29	0.13	-323.08% (-0.42)
Aug 01, 2024	2024 (Q2)	0.02 / -0.07	0.09	-177.78% (-0.16)
May 07, 2024	2024 (Q1)	0.14 / 0.09	0.11	-18.18% (-0.02)
Feb 13, 2024	2023 (Q4)	0.25 / 0.22	0.2	10.00% (+0.02)
Nov 07, 2023	2023 (Q3)	0.14 / 0.13	0.08	62.50% (+0.05)
Aug 03, 2023	2023 (Q2)	0.09 / 0.09	-0.2	145.00% (+0.29)
May 10, 2023	2023 (Q1)	0.10 / 0.11	0.09	22.22% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CRSR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 06, 2025	$6.88	$6.86	-0.29%
Feb 12, 2025	$9.94	$12.51	+25.86%
Nov 06, 2024	$7.12	$6.85	-3.79%
Aug 01, 2024	$7.89	$6.41	-18.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.