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.
Corsair Gaming, Inc. (NASDAQ: CRSR) is a leading provider of high-performance gear and technology for gamers, content creators, and PC enthusiasts. Founded in 1994, Corsair has grown from pioneering the high-performance DRAM market to becoming one of the world's top providers of enthusiast-grade PC components and peripherals.
Under the Corsair brand, the company offers a diverse product portfolio that includes PC cases, gaming keyboards, mice, headsets, power supplies, gaming computers, gaming chairs, mousepads, and other related accessories. These products are designed to meet the demands of both esports professionals and casual gamers, providing the best gaming experience through cutting-edge technology and innovation.
Corsair operates through two main segments: Gamer and Creator Peripherals and Gaming Components and Systems. The Gamer and Creator Peripherals segment includes products like keyboards, mice, and headsets, which are significant revenue drivers for the company. The Gaming Components and Systems segment encompasses PC components such as memory, power supplies, and cooling solutions.
Corsair's commitment to quality and innovation is evidenced by its continuous investment in research and development. The company has forged strategic partnerships with industry leaders to stay ahead in the ever-evolving tech landscape. The result is a range of products that not only meet but often exceed the expectations of the gaming community.
Financially, Corsair has shown strong performance, driven by growing demand for gaming gear and peripherals. The company derives its revenue from several key regions, including the Americas, Europe and the Middle East, and the Asia Pacific, ensuring a broad market presence.
Among its recent achievements, Corsair has introduced groundbreaking products that have set new benchmarks in the industry. The company continues to expand its product line to cater to the evolving needs of gamers and content creators, aiming to deliver unmatched consumer experiences.
Corsair's vision is not just to cater to the present needs but also to anticipate future trends and demands. With a dedicated team of builders, creators, and gamers, Corsair is more than just a tech company; it's a community of enthusiasts striving to achieve excellence in every product it offers. For the latest news and updates about Corsair Gaming, Inc., stay tuned to our page.
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.
Corsair Gaming has launched its new Dominator Platinum RGB DDR5 and Vengeance DDR5 memory lines, marking a significant upgrade to DDR5 technology. These modules support speeds up to 5,200MHz and capacities of up to 32GB per module, designed to work with the latest 12th Generation Intel® Core™ Processors and Z690 motherboards. The iCUE software allows for advanced customization and voltage regulation, enhancing performance stability. Both product lines are available immediately and come with a limited lifetime warranty.
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