NASDAQ$CRSR
Corsair Gaming Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Corsair reported financial results for the first quarter ended March 31, 2024, with Gamer and Creator segment achieving 20% year-over-year revenue growth and a record 40% gross margin.
Corsair Gaming, Inc. announced its Q1 2024 financial results, reporting a net revenue of $337.3 million. The Gamer and Creator Peripherals segment experienced a 20% year-over-year revenue increase. The company's gross margin reached a record 40%.
- Net revenue was $337.3 million, compared to $354.0 million in the first quarter of 2023.
- Net loss attributable to common shareholders was $12.5 million, or a net loss of $0.12 per diluted share.
- Adjusted net income was $9.5 million, or $0.09 per diluted share.
- Adjusted EBITDA was $18.0 million.
Headline financials
Revenue & EPS history
Corsair · Revenue · Quarterly
$337M
Revenue by segment
Corsair · $320M total across 2 segments · Q2 2025
- Gaming Components and Systems$217M—67.9%
- Gamer and Creator Peripherals$103M—32.1%
Forward guidance
Corsair reiterated its financial outlook for the full year 2024, expecting revenue growth to improve, along with further improvement in adjusted EBITDA, margin, and stable shipping costs.
Tailwinds
- Net revenue to be in the range of $1.45 billion to $1.60 billion.
- Adjusted operating income to be in the range of $92 million to $112 million.
- Adjusted EBITDA to be in the range of $105 million to $125 million.
- New products driving healthy peripherals growth.
- Market share gains and margin expansion driven by new products.
Headwinds
- Challenges such as increased freight costs stemming from turmoil in the Red Sea.
- Resulting delays necessitating incremental air-shipments.
- Demand was more subdued in the component market.
- Current macroeconomic conditions, including the impacts of high inflation and risk of recession
- The lingering impacts and future outbreaks of the COVID-19 pandemic
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro