Corsair Gaming (CRSR) Reports In-Line Q2 EPS, beats revenue, provides outlook

Corsair Gaming (NASDAQ: CRSR) reported Q2 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $325.4 million versus the consensus estimate of $322.85 million.

Financial Outlook:

The Company reiterated its outlook for the full year 2023 for revenue to be flat to slightly up in a softer economic environment as compared to 2022. Corsair continues to expect an improvement for the full year 2023 in adjusted EBITDA led by an improvement in margin, normalized shipping costs, and continued tight operating expense controls.

Net revenue for the full year 2023 is expected to be in the range of $1.35 billion to $1.55 billion.
Adjusted operating income to be in the range of $75 million to $95 million.
Adjusted EBITDA to be in the range of $90 million to $110 million.

For earnings history and earnings-related data on Corsair Gaming (CRSR) click here.

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