NASDAQ$CRSR
Corsair Gaming Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported decrease in revenue and profit due to global logistics and supply chain environment.
Corsair Gaming, Inc. reported a decrease in net revenue by 14.4% year-over-year, with net revenue of $391.1 million. Net income also decreased to $1.8 million, or $0.02 per diluted share, compared to $36.4 million, or $0.40 per diluted share, in the same period last year.
- Net revenue was $391.1 million, a decrease of 14.4% year-over-year.
- Gamer and creator peripherals segment net revenue was $139.3 million, a decrease of 13.8% year-over-year.
- Gaming components and systems segment net revenue was $251.9 million, a decrease of 14.8% year-over-year.
- Net income was $1.8 million, or $0.02 per diluted share, compared to net income of $36.4 million in the same period last year, or $0.40 per diluted share.
Headline financials
Revenue & EPS history
Corsair · Revenue · Quarterly
$391M
Revenue by segment
Corsair · $139M total across 1 segment · Q3 2021
- Gamer & Creator Peripherals$139M-13.8%100.0%
Forward guidance
Corsair adjusted its 2021 outlook based on the current conditions. For the full year 2021, the company expects net revenue to be in the range of $1.825 billion to $1.925 billion, adjusted operating income to be in the range of $180 million to $195 million, and adjusted EBITDA to be in the range of $190 million to $205 million.
Headwinds
- Difficult sourcing and shipping environment impacted ability to pass costs to customers
- Good growth for 2021 constrained to closer to initial expectations for the year
- Difficult environment is expected to continue
- Increase in logistics costs over the already elevated rate in the second quarter
- Costs and shipping times are expected to remain elevated for the remainder of 2021.
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 2021
+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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