Strong Revenue Growth
Corsair delivered 23% year-over-year revenue growth, with total revenue reaching $320 million, exceeding consensus expectations.
Improved Gross Profit and Margin
Gross profit increased by 36% year-over-year, with gross margins improving by 270 basis points to 26.8%.
Gaming Components and Systems Segment Growth
Revenue in the Gaming Components and Systems segment grew 30% year-over-year, driven by system upgrades and new builds.
Market Share Gains in Peripherals
Corsair gained market share in keyboard and headset categories, with the Gamer and Creator Peripherals segment revenue growing 9% year-on-year.
Elgato Business Momentum
Elgato's Stream Deck and video capture products remained strong, supporting Corsair's leadership in the creator space.
Debt Reduction
Corsair reduced its debt from approximately $550 million to $125 million in face value, lowering interest expenses and increasing strategic capacity.