NASDAQ$CRSR
Corsair Gaming Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Corsair reported Q4 2021 financial results, showing a decrease in net revenue compared to the record Q4 2020, but remaining above pre-pandemic levels. The company highlighted growth in the gamer and creator peripherals segment and provided financial outlook for full year 2022.
Corsair's Q4 2021 net revenue reached $510.6 million, within 8.2% of the record Q4 2020. Net income was $24.7 million, or $0.25 per diluted share, while adjusted net income was $34.7 million, or $0.35 per diluted share. The company anticipates continued growth in 2022, despite ongoing supply chain challenges.
- Net revenue was $510.6 million, an 8.2% decrease compared to the record Q4 2020.
- Net income was $24.7 million, or $0.25 per diluted share, down from $43.0 million, or $0.43 per diluted share, in the same period last year.
- Adjusted net income was $34.7 million, or $0.35 per diluted share, compared to $53.0 million, or $0.53 per diluted share, in the same period last year.
- The gamer and creator peripherals segment grew 20% year-over-year.
Headline financials
Revenue & EPS history
Corsair · Revenue · Quarterly
$511M
Revenue by segment
Corsair · $177M total across 1 segment · Q4 2021
- Gamer & Creator Peripherals$177M-7.8%100.0%
Forward guidance
For the full year 2022, Corsair expects net revenue to be in the range of $1.9 billion to $2.1 billion, adjusted operating income to be in the range of $195 million to $215 million, and adjusted EBITDA to be in the range of $205 million to $225 million.
Tailwinds
- Net revenue to be in the range of $1.9 billion to $2.1 billion.
- Adjusted operating income to be in the range of $195 million to $215 million.
- Adjusted EBITDA to be in the range of $205 million to $225 million.
- Transformation of debt levels.
- Cost management efficiencies over the past few years.
Headwinds
- Expect to continue to experience elevated freight costs.
- Ongoing supply chain issues.
- Macroeconomic conditions.
- Uncertainty regarding the impact of the COVID-19 pandemic on demand and operations.
- Risk of inability to compete with competitors.
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 Q4 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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