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 (NASDAQ:CRSR) has launched the HS80 RGB WIRELESS Gaming Headset, featuring industry-leading SLIPSTREAM WIRELESS technology for PC and console gamers. This headset offers 24bit audio, up to 60ft wireless range, and compatibility with PS5's Tempest 3D AudioTech. It includes a floating headband design for comfort, 20 hours of battery life, and a broadcast-grade microphone. The product is now available with a two-year warranty from CORSAIR's webstore and authorized retailers.
SCUF Gaming and Corsair Gaming have launched the SCUF Instinct and Instinct Pro controllers designed for Xbox Series X|S. These controllers feature a new ergonomic design with four programmable back paddles, adjustable Instant Triggers, and extensive customization options. The Instinct Pro includes high-performance grip and immediate trigger action, ideal for fast-paced games. Both versions are priced at $169.99 and $199.99, respectively, and are available on SCUF's website.
Corsair Gaming, Inc. (NASDAQ:CRSR) reported a record second quarter for 2021, achieving $472.9 million in net revenue, a 24.3% increase year-over-year. Key segments include gamer and creator peripherals with $155.2 million in revenue (+40.9%) and gaming components at $317.7 million (+17.6%). Gross profit reached $130.4 million, a 24.1% rise, while net income rose to $27.7 million, or $0.28 per diluted share. Despite strong results, operating income decreased 4.7%. The company anticipates full-year revenue between $1.9 billion and $2.1 billion.
Corsair Gaming, Inc. (NASDAQ:CRSR), a leading provider of high-performance gaming gear, has announced its second quarter 2021 earnings release date as August 3, 2021, before market open. A conference call will follow at 5:30 AM PT to discuss the results. Additionally, CEO Andy Paul and CFO Michael G. Potter will present at the Cowen Internet & Media Virtual Bus Tour on August 12, 2021. Corsair continues to innovate in gear for gamers and content creators across various brands including Elgato and SCUF Gaming.
Corsair Gaming, Inc. (NASDAQ:CRSR) announced the launch of Elgato's Facecam, a professional-grade webcam capturing video in Full HD 1080p60. Featuring a Sony Starvis image sensor for exceptional indoor lighting performance, it offers optimized fixed focus and a wide field of view. Alongside Facecam, Corsair introduced several new products, including the Wave XLR microphone interface and an updated Stream Deck with customizable features. All products are available immediately with a two-year warranty, enhancing options for streamers and content creators.
Corsair Gaming has launched the 7000 Series full-tower ATX cases, the 7000D AIRFLOW and 7000X RGB, designed for ambitious PC builders. Both models accommodate massive cooling setups with space for up to three 360mm radiators. The 7000D features a high-airflow front panel, while the 7000X showcases tempered glass for aesthetics. Additionally, the new H170i ELITE CAPELLIX Liquid CPU Cooler offers extreme cooling performance with a 420mm radiator and customizable RGB lighting. All products are available immediately with warranties of two and five years, respectively.
Elgato, in partnership with Corsair Gaming (NASDAQ:CRSR), has launched Stream Deck 5.0, a significant update providing users with the new Stream Deck Store. This platform offers a plethora of digital assets including plugins, icon packs, royalty-free music, and sound effects, enhancing the overall streaming experience. The update is readily available for free to all current Stream Deck owners. The new features aim to empower content creators by offering tools to boost production values and streamline workflows, making it easier to integrate applications and manage streams effectively.
Corsair Gaming, Inc. (NASDAQ:CRSR) has launched the VIRTUOSO RGB Wireless XT gaming headset, enhancing its flagship series. This new model incorporates Dolby Atmos for immersive sound, a frequency range of 20Hz-40,000Hz, and features dual-wireless connections via SLIPSTREAM WIRELESS and Bluetooth. It boasts a detachable microphone, soft memory foam ear pads, and a battery life of up to 15 hours. Available initially on the CORSAIR webstore and Best Buy, it comes with a two-year warranty and is designed for compatibility across various platforms.
Corsair Gaming, Inc. (NASDAQ:CRSR) launched two new PC cases: the iCUE 5000D RGB Hydro X Edition and the 5000X RGB SIGNATURE SERIES. The 5000D RGB HX features a pre-installed XD7 RGB Pump/Reservoir Combo for advanced custom cooling, offering a unique aesthetic with 36 RGB LEDs. It supports various fan and radiator configurations. The 5000X SIGNATURE SERIES includes five UV-printed graphics themes, maintaining the same high-performance features as the original 5000X RGB. Both products are available exclusively on the Corsair webstore, with the 5000D RGB HX available now and the 5000X SIGNATURE SERIES available for pre-order.
Corsair Gaming, Inc. (CRSR) reported record first-quarter financial results for Q1 2021, achieving net revenue of $529.4 million, up 71.6% year-over-year. Key segments included gamer and creator peripherals at $175.9 million, increasing 131.9%, and gaming components and systems at $353.5 million, rising 51.9%. Net income surged to $46.7 million ($0.47/share), compared to $1.2 million in Q1 2020. Following robust performance, Corsair raised its 2021 guidance for net revenue to $1.9-$2.1 billion and adjusted operating income to $235-$255 million.
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