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.
Company Overview
Corsair Gaming, Inc. (CRSR) is widely recognized for its commitment to excellence in the provision of high-performance gear, computer peripherals, and components specifically tailored for gamers, content creators, and PC enthusiasts. With a rich heritage dating back to 1994, Corsair has evolved from pioneering the high-performance DRAM market to developing a diverse product portfolio that caters to both performance demands and immersive user experiences.
Core Business and Product Portfolio
The company operates through two primary segments: Gamer and Creator Peripherals and Gaming Components and Systems. Its extensive range of products includes:
- PC Cases, Keyboards, Mice, and Headsets
- High-efficiency Power Supplies
- Gaming Computers and Chairs
- Mousepads and Other Accessories
These product categories not only serve the enthusiast and professional gamer communities but also support a broader market of content creators and technology aficionados. The integration of innovative design with robust engineering assures a consistent consumer experience that prioritizes performance, reliability, and aesthetic appeal.
Market Position and Industry Significance
Corsair Gaming, Inc. holds a significant position in the competitive landscape of computer hardware and gaming technology. The company leverages its longstanding expertise to continuously develop products that meet the evolving demands of high-end gaming, esports professionals, and content creators. The strategic emphasis on performance and durability helps Corsair differentiate itself by offering products that deliver an unmatched user experience. This balance of innovation and reliability has established the brand as a trusted name among discerning users who demand precision-engineered solutions.
Operational Excellence and Global Reach
With operations spanning across the Americas, Europe and the Middle East, and the Asia Pacific region, Corsair derives its revenue from a globally diversified market. This international presence not only enables the company to tap into various regional consumer preferences but also reinforces its stature as a major player in technology-driven performance components. Corsair’s operational strategy is marked by its focus on both direct consumer engagement and distribution partnerships, aimed at enhancing product accessibility and maintaining a robust market footprint.
Innovation and Technological Expertise
At the core of Corsair Gaming, Inc. lies a dedication to innovation and technological advancement. The company consistently integrates advanced engineering principles with cutting-edge design to address the dynamic needs of a tech-savvy audience. Whether it is through refining cooling systems, optimizing power efficiency, or enhancing the ergonomics of its peripherals, Corsair continually seeks to push the boundaries of performance-driven design. This proven commitment to innovation is a testament to the company’s resilience in an industry defined by rapid technological change.
Consumer and Industry Impact
The influence of Corsair extends beyond hardware; it is a brand synonymous with reliability and quality in the arena of high-performance computing. Enthusiasts and professionals alike rely on Corsair for building robust, efficient systems that support both gaming and content creation endeavors. The company’s focus on delivering products that combine functionality with aesthetic design has reinforced its reputation as a cornerstone in the PC gaming and computer technology sectors.
Looking at the Bigger Picture
By addressing the nuanced needs of different market segments, Corsair Gaming, Inc. has successfully carved a niche in an increasingly competitive industry. Its diverse product range is supported by a legacy of technological prowess and a forward-thinking approach that continues to define its operations. Whether through reinforcing existing product lines or introducing new innovations, Corsair remains devoted to the principles of quality, performance, and deep consumer understanding.
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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