Corsair Gaming Inc
NASDAQ:CRSR
Corsair Gaming Inc
Corsair Gaming, Inc. designs and supplies hardware components for personal computers. The company is headquartered in Fremont, California and currently employs 2,490 full-time employees. The company went IPO on 2020-09-23. The firm designs and sells gaming and streaming peripherals, components and systems globally. The firm operates through two segments: Gamer and creator peripherals, and Gaming components and systems. Gamer and creator peripherals segment include its gaming keyboards, mice, headsets, controllers, and its streaming gear, including capture cards, Stream Decks, universal serial bus (USB) microphones, studio accessories and EpocCam software, as well as coaching and training services, among others. Gaming components and systems segment includes its power supply units (PSUs), cooling solutions, computer cases, DRAM modules, as well as prebuilt and custom-built gaming personal computers (PCs), among others. Its product offering includes two software platforms: iCUE for gamers and Elgato’s streaming suite for content creators.
Corsair Gaming, Inc. designs and supplies hardware components for personal computers. The company is headquartered in Fremont, California and currently employs 2,490 full-time employees. The company went IPO on 2020-09-23. The firm designs and sells gaming and streaming peripherals, components and systems globally. The firm operates through two segments: Gamer and creator peripherals, and Gaming components and systems. Gamer and creator peripherals segment include its gaming keyboards, mice, headsets, controllers, and its streaming gear, including capture cards, Stream Decks, universal serial bus (USB) microphones, studio accessories and EpocCam software, as well as coaching and training services, among others. Gaming components and systems segment includes its power supply units (PSUs), cooling solutions, computer cases, DRAM modules, as well as prebuilt and custom-built gaming personal computers (PCs), among others. Its product offering includes two software platforms: iCUE for gamers and Elgato’s streaming suite for content creators.
Revenue Growth: Corsair’s full-year 2025 revenue increased 12% to about $1.47 billion, in line with expectations.
Profitability Beat: Profitability exceeded the upper range of forecasts, with gross profit up 30% and adjusted EBITDA rising more than 80% to over $100 million.
Gross Margin Expansion: Achieved the highest full-year gross margin as a public company, helped by strong memory pricing and favorable inventory.
Guidance & Outlook: 2026 guidance calls for revenue of $1.33–$1.47 billion and adjusted EBITDA of $100–$115 million, with a conservative approach due to semiconductor shortages.
Share Repurchase: Announced first-ever share repurchase program of up to $50 million, effective immediately.
Direct-to-Consumer Growth: D2C business grew to nearly 20% of revenue with double-digit web traffic growth and a new retail store launch.
Segment Trends: Double-digit growth in Gaming Components and Systems; strong momentum in peripherals and creator products, though North American demand was soft.
Inventory Strategy: Strategic investment in memory inventory supported margins; management is comfortable with current inventory levels for 2026.
