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Jun 30, 2021
Corsair Q2 2021 Earnings Report
Corsair reported record revenue and profit in the second quarter of 2021.
Key Takeaways
Corsair Gaming, Inc. announced financial results for the second quarter ended June 30, 2021, with net revenue of $472.9 million, a 24.3% increase year-over-year. The company reported a net income of $27.7 million, or $0.28 per diluted share.
Net revenue increased by 24.3% year-over-year, reaching $472.9 million.
Gamer and creator peripherals segment net revenue increased by 40.9% year-over-year, totaling $155.2 million.
Gaming components and systems segment net revenue increased by 17.6% year-over-year, amounting to $317.7 million.
Net income was $27.7 million, or $0.28 per diluted share.
Revenue by Segment
Forward Guidance
For the full year 2021 our outlook remains unchanged from Q1 2021
Positive Outlook
- Net revenue to be in the range of $1.9 billion to $2.1 billion.
- Adjusted operating income to be in the range of $235 million to $255 million.
- Adjusted EBITDA to be in the range of $245 million to $265 million.
Challenges Ahead
- We are also continuing to invest in future growth to maintain our high new product launch rate
- During the second quarter, we experienced higher than expected costs for logistics, and we expect logistics costs to remain elevated in the third quarter.
- Shutdowns from the ongoing pandemic in several large regions we operate in also negatively impacted our operations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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