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Sep 30, 2022
Corsair Q3 2022 Earnings Report
Corsair's financial performance declined compared to the previous year but showed sequential growth from the second quarter of 2022.
Key Takeaways
Corsair Gaming, Inc. reported a decrease in net revenue compared to Q3 2021, but an increase compared to Q2 2022. The company experienced an operating loss, and a net loss per diluted share. However, adjusted EBITDA showed a gain for the quarter.
Net revenue was $311.8 million, a decrease compared to $391.1 million in Q3 2021, but an increase compared to $283.9 million in Q2 2022.
Gamer and creator peripherals segment revenue was $96.8 million, down from $139.3 million in Q3 2021.
Gaming components and systems segment revenue was $214.9 million, down from $251.9 million in Q3 2021.
Operating loss was $11.0 million, compared to an operating income of $10.8 million in Q3 2021.
Revenue by Segment
Forward Guidance
For the full year 2022, Corsair expects net revenue to be in the range of $1.325 billion to $1.375 billion, adjusted operating income to be in the range of $20 million to $30 million, and adjusted EBITDA to be in the range of $35 million to $45 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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