Welcome to our dedicated page for Corsair Gaming news (Ticker: CRSR), a resource for investors and traders seeking the latest updates and insights on Corsair Gaming stock.
About Corsair Gaming, Inc. (CRSR)
Corsair Gaming, Inc. is a globally recognized provider of high-performance gaming gear and PC components, catering to gamers, content creators, and PC enthusiasts. Established in 1994, Corsair has evolved from pioneering high-performance DRAM to becoming a leading innovator in the gaming and PC hardware industry. The company operates in two primary business segments: Gamer and Creator Peripherals and Gaming Components and Systems. This dual-segment approach allows Corsair to address the diverse needs of its audience, ranging from casual gamers to professional esports players and content creators.
Product Portfolio
Corsair's product offerings span a wide range of categories, including:
- Gaming Peripherals: Keyboards, mice, headsets, and mousepads designed for precision, comfort, and durability.
- PC Components: High-performance memory, power supplies, cooling solutions, and PC cases that cater to the needs of PC builders and enthusiasts.
- Gaming Systems: Pre-built gaming PCs and laptops that deliver cutting-edge performance for gamers.
- Streaming Equipment: Products like capture cards and studio accessories tailored for content creators and streamers.
These products are complemented by Corsair's proprietary iCUE software, which enables users to customize and synchronize their hardware for a seamless and immersive experience.
Market Position and Competitive Landscape
Corsair operates in the rapidly growing gaming and PC hardware markets, which are driven by increasing demand for high-performance gear among gamers and creators. The company faces competition from established brands like Logitech, Razer, and ASUS, but differentiates itself through its commitment to innovation, product quality, and ecosystem integration. Corsair's comprehensive product lineup and strong brand loyalty make it a preferred choice for many in the gaming and PC building communities.
Revenue Streams and Geographic Reach
Corsair generates revenue through direct sales, partnerships with retailers, and online platforms. Its two business segments contribute to its diversified revenue streams, with the Gamer and Creator Peripherals segment being a key driver. Geographically, Corsair derives its revenue from major markets, including the Americas, Europe, the Middle East, and the Asia-Pacific region, reflecting its global reach and market penetration.
Innovation and Ecosystem Integration
Innovation is at the core of Corsair's business strategy. The company continuously develops cutting-edge products that enhance user experience and performance. Its ecosystem approach, exemplified by the iCUE software, allows users to integrate and control their hardware seamlessly, creating a unified experience. This focus on integration not only adds value to Corsair's products but also strengthens customer loyalty.
Conclusion
With over two decades of experience and a strong focus on innovation, Corsair Gaming, Inc. has established itself as a key player in the gaming and PC hardware industries. Its diverse product portfolio, global reach, and commitment to enhancing user experience position it as a trusted brand among gamers, creators, and PC enthusiasts. By addressing the evolving needs of its audience and maintaining a focus on quality and performance, Corsair continues to play a significant role in shaping the future of gaming and PC technology.
Corsair Gaming, Inc. (NASDAQ:CRSR) reported record annual revenues of $1.9 billion for 2021, representing an 11.8% year-over-year increase. The gamer and creator peripherals segment saw a substantial rise of 20.0% in net revenue, totaling $647.2 million. While net income was $101.0 million ($1.01 per diluted share), a slight decrease from the previous year, adjusted net income remained stable. For 2022, Corsair expects net revenue between $1.9 billion and $2.1 billion, indicating confidence in ongoing growth despite anticipated supply chain challenges.
Corsair Gaming, Inc. (NASDAQ:CRSR) announced a revenue target of $3.5 billion by 2026 during its 2022 Virtual Investor Day. The company expects 2021 net revenue to reach approximately $1.9 billion, slightly above prior guidance. For 2022, Corsair projects net revenue between $1.9 billion and $2.1 billion. The event featured key executives discussing market opportunities in gaming hardware and the components business. The fourth quarter and full-year 2021 earnings will be released on February 8, 2022.
Corsair Gaming, Inc. (NASDAQ: CRSR) has acquired a 51% stake in iDisplay Technology, a leader in display technology based in Taiwan. This acquisition, announced on January 5, 2022, enhances Corsair's integration of display and touch-screen technologies into its products for gamers and content creators. iDisplay, established in 1998, is known for its innovative small-form-factor displays and holds a substantial patent portfolio. This strategic move aims to leverage synergies from their existing partnership, especially in developing industry-leading products like the Elgato Stream Deck.
Corsair Gaming (NASDAQ:CRSR) has appointed Thi La and Sarah Mears Kim to its Board of Directors effective December 29, 2021. Thi La, who has been with Corsair since 2013, currently serves as President and COO, bringing extensive operational experience. Sarah Mears Kim, previously with Archipelago and ICONIQ Capital, joins as a strategic advisor with a strong background in finance and private equity. CEO Andy Paul and Board Chair George L. Majoros, Jr. expressed confidence that their expertise will enhance Corsair's growth and strategic direction in the gaming technology sector.
CORSAIR (NASDAQ: CRSR) has launched the new CORSAIR ONE i300 range of compact desktop PCs, featuring the latest 12th Gen Intel Core processors, including the Core i9-12900K. The i300 is notable for its 12-liter size, enhanced performance, and premium CORSAIR components like VENGEANCE DDR5 memory. It supports up to 64GB DDR5 memory, and incorporates advanced cooling systems. The system allows for connections to multiple 4K HDR displays and is now available from authorized retailers. It comes with a two-year warranty and is aimed at gamers and content creators looking for high-performance capabilities.
Corsair Gaming, Inc. (NASDAQ:CRSR) will host its 2022 Virtual Investor Day on January 20, 2022, from 7:00 a.m. to 9:30 a.m. Pacific Time. The event will feature presentations from CEO Andy Paul and CFO Michael G. Potter, focusing on the company's strategy, growth prospects, and long-term financial goals. Participants can access the live broadcast via Corsair’s Investor Relations website, where presentation materials and recordings will also be available for future viewing. This event underlines Corsair's commitment to transparency and investor engagement.
SCUF Gaming has launched its new line of gaming controllers, including the Reflex, Reflex Pro, and Reflex FPS, specifically designed for PlayStation 5. These controllers feature a patented paddle control system, customizable settings, and high-performance grips to enhance gameplay. The Reflex FPS model is tailored for first-person shooters with features like instant bumpers and triggers for faster response times. Starting at $199.99, these controllers are available exclusively at SCUF Gaming and aim to provide gamers with a competitive edge.
ORIGIN PC, a subsidiary of Corsair Gaming (NASDAQ: CRSR), commenced shipments of its new ORIGIN NEURON, MILLENNIUM, GENESIS, M-Class, and L-Class desktops just three weeks post-announcement. These desktops feature advanced DDR5 memory and the latest Intel Z690-chipset through partnerships with Asus and MSI. By leveraging CORSAIR’s hardware, they have sped up the development process, delivering top-performing systems to consumers ahead of the competition. With CORSAIR DDR5 production ramping up, the desktops will cater to growing demand into 2022.
Corsair Gaming, Inc. has launched the Flavor Rush K65 RGB MINI mechanical gaming keyboards, marking the debut of its CORSAIR COLLECTIONS product line.
Available exclusively on the CORSAIR webstore, these limited-edition keyboards feature four vibrant color schemes: Hint of Mint, Bubblegum Pop, Berry Wave, and Watermelon Blast.
The keyboards come with a new CORSAIR Artisan sails logo keycap and are supported by a two-year warranty. This launch sets the stage for more unique peripherals to follow under the CORSAIR COLLECTIONS theme.
Corsair Gaming (NASDAQ: CRSR) reported third-quarter financial results for the period ending September 30, 2021. Year-to-date revenue reached $1.393 billion, a 21.6% increase year-over-year, while net income stood at $76.2 million, or $0.76 per diluted share, up from $60.2 million in 2020. However, third-quarter revenue of $391.1 million marked a 14.4% decline, with net income dropping to $1.8 million from $36.4 million in the previous year. Adjusted EBITDA fell 56.6% to $27.6 million. The company indicated a positive future outlook but acknowledged challenges in logistics impacting growth.
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