NASDAQ$CRSR
Corsair Gaming Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Corsair reported first quarter 2023 financial results, showing a decrease in net revenue but an improvement in adjusted EBITDA compared to the same period last year.
Corsair's Q1 2023 results showed a decrease in net revenue to $354.0 million from $380.7 million in Q1 2022. However, the company improved its adjusted EBITDA by 33% year-over-year, reaching $20.6 million. The gaming components and systems segment grew, while the gamer and creator peripherals segment declined. Corsair is maintaining its full-year outlook for revenue and expects improved adjusted EBITDA.
- Net revenue decreased to $354.0 million compared to $380.7 million in the first quarter of 2022.
- Gaming components and systems segment net revenue increased to $265.0 million from $246.5 million year-over-year.
- Gamer and creator peripherals segment net revenue decreased to $88.9 million from $134.1 million year-over-year.
- Adjusted EBITDA increased to $20.6 million, a 33% improvement compared to $15.4 million in the first quarter of 2022.
Headline financials
Revenue & EPS history
Corsair · Revenue · Quarterly
$354M
Revenue by segment
Corsair · $88.9M total across 1 segment · Q1 2023
- Gamer & Creator Peripherals$88.9M-33.7%100.0%
Forward guidance
Corsair reiterated its outlook for the full year 2023, expecting revenue to be flat to slightly up compared to 2022, with an improvement in adjusted EBITDA.
Tailwinds
- Net revenue for the full year 2023 is expected to be in the range of $1.35 billion to $1.55 billion.
- Adjusted operating income to be in the range of $75 million to $95 million.
- Adjusted EBITDA to be in the range of $90 million to $110 million.
- Expects an improvement for the full year 2023 in adjusted EBITDA led by an improvement in margin.
- Expects normalized shipping costs and continued tight operating expense controls.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+3.8%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+5.8%
Avg return
30 days after
62%
18 / 29 earnings
Positive
+48.3%
Q4 2025
Best reaction
-21.9%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +4.7% | +27.1% | |
| Q4 2025 | +48.3% | +21.7% | +16.2% | |
| Q3 2025 | -3.8% | -0.2% | +0.0% | |
| Q1 2025 | -0.3% | +21.1% | +33.4% | |
| Q4 2024 | +25.9% | +23.0% | +5.8% | |
| Q3 2024 | -0.4% | +2.5% | +8.7% | |
| Q2 2024 | -21.9% | -22.4% | -15.1% | |
| Q1 2024 | -7.5% | -7.1% | +0.6% | |
| Q4 2023 | +1.6% | +0.1% | -9.0% | |
| Q3 2023 | -6.6% | -5.1% | +2.5% | |
| Q2 2023 | -10.0% | -10.0% | -12.9% | |
| Q1 2023 | +8.4% | +7.0% | +6.8% | |
| Q4 2022 | +9.0% | +15.7% | +5.2% | |
| Q3 2022 | +18.4% | +32.0% | +38.1% | |
| Q2 2022 | +5.0% | +5.4% | -9.6% | |
| Q1 2022 | -6.3% | -10.2% | -3.4% | |
| Q4 2021 | +10.4% | +8.6% | +6.5% | |
| Q3 2021 | +5.7% | +5.3% | -12.3% | |
| Q2 2021 | -5.5% | -3.1% | -0.5% | |
| Q1 2020 | +1.7% | +0.7% | +1.7% | |
| Q1 2021 | +1.7% | +0.7% | +1.7% | |
| Q1 2019 | +2.8% | +3.1% | +1.1% | |
| Q4 2018 | +2.8% | +3.1% | +1.1% | |
| Q2 2020 | +2.8% | +3.1% | +1.1% | |
| Q2 2019 | +2.8% | +3.1% | +1.1% | |
| Q4 2020 | -7.2% | -6.4% | -26.4% | |
| Q3 2019 | +10.7% | +10.9% | +32.5% | |
| Q4 2019 | +10.7% | +10.9% | +32.5% | |
| Q3 2020 | +10.7% | +10.9% | +32.5% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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