Stock of the Day

November 18, 2022

Corsair Gaming (CRSR)

$12.15
+$0.15 (+1.3%)
Market Cap: $1.30B

About Corsair Gaming

Corsair Gaming, Inc., together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs and laptops, gaming monitors, and others; and PC gaming software comprising iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels and distributors. Corsair Gaming, Inc. was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc in August 2017. The company was incorporated in 1994 and is headquartered in Milpitas, California.

Today's Trend

Corsair Gaming, Inc. (NASDAQ: CRSR) is rising after a much stronger-than-expected second-quarter earnings report and sharply improved full-year profit guidance. Investors appear focused on expanding margins and the company’s upgraded earnings outlook, despite modestly lower year-over-year revenue.

  • Corsair reported second-quarter adjusted EPS of $0.23, well above the $0.07 analyst consensus, while revenue of approximately $314.3 million modestly exceeded expectations of $310.5 million. EPS increased from $0.01 in the year-ago quarter. Why Corsair Gaming Stock is Soaring Thursday
  • Record margins were a key catalyst for the rally, suggesting that Corsair is converting sales into profit more effectively and providing investors with greater confidence in its earnings recovery. Corsair Gaming jumps 34% as record margins, higher guidance fuel rally
  • Management raised fiscal 2026 EPS guidance to $0.85-$0.94, substantially above the $0.66 consensus estimate. Full-year revenue guidance of $1.4-$1.5 billion was at least in line with expectations, indicating that the earnings improvement is being driven primarily by profitability. Corsair Gaming Q2 2026 Earnings Call Transcript
  • Third-quarter guidance calls for EPS of $0.09-$0.12 and revenue of $320-$350 million, broadly consistent with analyst expectations and supporting the view that recent operating improvements can continue.
  • Second-quarter revenue declined 1.8% year over year, and the reported net margin remained thin at 0.71%. This leaves Corsair reliant on sustained margin expansion and cost control to justify the stock’s higher valuation.
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