Q2 2025 Corsair Gaming Inc Earnings Call Transcript
Key Points
- Corsair Gaming Inc (CRSR) reported a 23% year-over-year revenue growth, reaching $320 million, exceeding consensus expectations.
- Gross profit increased by 36% year over year, with improved margin performance across the portfolio.
- The company gained market share in both keyboard and headset categories, supported by successful new product launches.
- Corsair's Elgato business continues to lead in the creative space, with strong demand for its stream deck and video capture products.
- The company showcased next-gen technologies at COMPUTEX 2025, earning multiple awards and demonstrating strong innovation capabilities.
- Despite revenue growth, Corsair Gaming Inc (CRSR) reported a net loss attributable to common shareholders of $17 million for the quarter.
- The company faces potential pricing adjustments due to semiconductor tariffs, which could impact margins.
- There is uncertainty regarding the impact of new semiconductor tariffs, which could affect future financial performance.
- Operating expenses increased, with SG&A expenses rising to $85.3 million compared to $70.4 million in the previous year.
- The company is still navigating external headwinds, including global trade policy developments and potential new tariffs.
Greetings and welcome to Corsair Gaming's second quarter 2025 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded. I'd now like to turn the conference over to your host, Mr. David Pasquale with Investor Relations. Thank you, and you may proceed, sir.
Thank you, operator. Good afternoon, everyone, and thank you for joining us for Corsair's financial results conference call for the second quarter ended June 30, 2025. On the call today, we have Corsair's CEO, Thi La; and CFO, Michael Potter.
Thi will review highlights from the quarter. Michael will then review the financials and our outlook. We will then have time for any questions. Before we begin, allow me to provide a disclaimer regarding forward-looking statements. This call, including the Q&A portion, may include forward-looking statements related to the expected future results for our company and are therefore forward-looking statements.
Our actual results may differ materially from
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