NASDAQ$CRSR
Corsair Gaming Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Corsair grew significantly, driven by increased demand for gaming and content creation gear.
Corsair reported a strong third quarter with net revenue increasing by 60.7% year-over-year. The company's growth was fueled by rising demand for gaming and streaming products, leading to stock shortages at major retailers. Corsair is focused on ramping up its supply chain to meet the continued high demand.
- Net revenue increased by 60.7% year-over-year, reaching $457.1 million.
- Gamer and creator peripherals segment net revenue increased by 128.8% year-over-year, reaching $161.6 million.
- Gaming components and systems segment net revenue increased by 38.3% year-over-year, reaching $295.5 million.
- Net income was $36.4 million, or $0.40 per diluted share, compared to net income of $1.5 million in the same period a year ago, or $0.02 per diluted share.
Headline financials
Revenue & EPS history
Corsair · Revenue · Quarterly
$457M
Revenue by segment
Corsair · $457M total across 2 segments · Q3 2020
- Gaming Components & Systems$296M+38.3%64.7%
- Gamer & Creator Peripherals$162M+128.8%35.3%
Forward guidance
For the full year 2020, Corsair expects net revenue to be in the range of $1,616 million to $1,631 million, adjusted operating income to be in the range of $178 million to $184 million, and adjusted EBITDA to be in the range of $187 million to $193 million.
Tailwinds
- Net revenue to be in the range of $1,616 million to $1,631 million.
- Adjusted operating income to be in the range of $178 million to $184 million.
- Adjusted EBITDA to be in the range of $187 million to $193 million.
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 Q3 2020
+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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