Welcome to our dedicated page for Corsair Gaming news (Ticker: CRSR), a resource for investors and traders seeking the latest updates and insights on Corsair Gaming stock.
Corsair Gaming, Inc. develops and sells high-performance products for gamers, streamers, content creators, gaming PC builders, and sim racing enthusiasts. Its recurring news centers on financial results and guidance across Gamer and Creator Peripherals and Gaming Components and Systems, product launches for keyboards, audio platforms, streaming equipment, smart ambient lighting, PC components, and custom systems, and updates from brands including Fanatec, Elgato, SCUF Gaming, Drop, and ORIGIN PC.
Company updates also cover partnerships in gaming and esports, investor conference presentations, margin and demand trends, supply-chain and tariff effects, and capital actions such as share repurchase authorization. Product announcements often connect Corsair hardware with software ecosystems used by gamers and creators, including Elgato and Stream Deck.
Elgato has unveiled the Wave DX, a premium XLR microphone developed in collaboration with Lewitt Audio. This microphone utilizes dynamic capsule technology to deliver studio-quality sound compatible with any XLR setup. Key features include a cardioid polar pattern for clear audio, an internal pop filter, and steel construction for durability. The Wave DX works seamlessly with the Elgato Wave XLR interface and integrates with Wave Link software for enhanced audio control. The product is available now, backed by a two-year warranty.
CORSAIR (NASDAQ: CRSR) announced its readiness for the AMD Ryzen 7000 series processors, releasing a new range of DDR5 memory, CPU coolers, power supplies, and more. The DDR5 memory offers speeds up to 6,000MHz and 64GB capacities, leveraging the new AMD EXPO standard for easy setup. CORSAIR's liquid coolers are compatible with AM5 sockets, ensuring optimal cooling performance. Additionally, CORSAIR has updated its PC Builder tool for AMD platforms. The new product lineup addresses the growing demand for high-performance components in PC building with AMD's latest technology.
CORSAIR (NASDAQ: CRSR) announces compatibility of its PC components with Nvidia's new 40-series graphics cards, including the RTX 4090. Their existing power supply lineup supports the new 12+4 pin 12VHPWR connector, ensuring reliability for high-performance systems. Customers can order 12VHPWR 600W cables for CORSAIR type-4 PSUs. The company showcases its range of award-winning components, including cases, coolers, and memory, ideal for building powerful PCs. Hydro X Series XG7 waterblocks will be available for RTX 4090 in early November.
CORSAIR (NASDAQ: CRSR) announced the launch of two new optical-mechanical keyboards: the K60 PRO TKL and K70 PRO OPX. These keyboards feature exclusive CORSAIR OPX keyswitches, designed for enhanced gaming performance with a 1.0mm actuation distance and a lifespan of 150 million keystrokes. The K60 PRO TKL is compact and includes customizable RGB lighting and detachable USB Type-C connectivity. The full-size K70 PRO OPX boasts AXON Hyper-Processing Technology for fast keystrokes and various competitive features. Both models are available immediately, supported by a two-year warranty.
CORSAIR (NASDAQ: CRSR) has announced the launch of the K100 AIR Wireless Mechanical Gaming Keyboard, set to release on October 4th, 2022. This keyboard, known as CORSAIR's thinnest high-performance model, features an 11mm frame, CHERRY MX Ultra Low Profile switches, and versatile connectivity options including SLIPSTREAM WIRELESS and Bluetooth. The battery lasts up to 200 hours without backlighting. It includes customizable RGB lighting and macro keys, enhancing both productivity and gaming experience. The keyboard will come with a two-year warranty.
CORSAIR (NASDAQ: CRSR) has unveiled the XENEON FLEX 45WQHD240 OLED Gaming Monitor at Gamescom 2022, a bendable flagship gaming monitor developed in collaboration with LG Display. This 45-inch monitor features W-OLED technology, offering exceptional image quality with a peak brightness of 1000 nits and a contrast ratio of 1,350,000:1. The display is adaptable, allowing users to switch from a flat screen to an immersive 800R curve for various gaming experiences. It also includes a burn-in prevention system and a three-year warranty against burn-in and dead pixels.
Corsair Gaming, Inc. (Nasdaq: CRSR) announced it will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 13, 2022, at 1:00 p.m. Eastern Time. CEO Andy Paul and CFO Michael G. Potter will lead the presentation. A live webcast will be available on Corsair's Investor Relations website, and management will hold one-on-one meetings with investors at the event. Corsair is a key player in high-performance gaming gear and technology, encompassing brands like Elgato and SCUF Gaming.
CORSAIR has launched the VOYAGER a1600 AMD Advantage™ Edition laptop, available for $2,699.99 through its webstore and authorized distributors. This laptop features cutting-edge AMD hardware, including the Ryzen™ 9 6900HS processor and Radeon™ RX 6800M graphics, enabling high-end gaming and streaming. The device boasts a 16" 2560x1600 QHD+ IPS display with a 240Hz refresh rate, and is equipped with custom features for content creators, including ten shortcut keys and a 1080p webcam.
Corsair Gaming (CRSR) reported financial results for Q2 2022, with net revenue of $283.9 million, down from $472.9 million a year prior. This decline reflects macroeconomic headwinds and channel inventory corrections. Operating loss increased to $55 million, compared to a loss of $2.5 million in Q1 2022. The net loss per diluted share was $0.62, worsening from $0.05 in Q1 2022. Despite challenges, Corsair expects 2022 revenue between $1.35 billion and $1.45 billion, indicating cautious optimism for recovery in demand for gaming products.
Corsair Gaming, Inc. (Nasdaq: CRSR) will release its Q2 2022 financial results on August 4, 2022, at 2:00 p.m. PT. Preliminary unaudited revenue is expected to be around $284 million, with adjusted EBITDA loss anticipated between $10 million to $11 million. CEO Andy Paul noted challenges due to macroeconomic factors impacting consumer spending and inventory buildup, yet recent sales data, especially during Amazon Prime Day, showed promising growth in the gaming PC components market, with a 35% increase year-over-year.