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MILPITAS, Calif. - Corsair Gaming, Inc. (NASDAQ:CRSR) shares plunged 10% after the gaming hardware company reported third-quarter earnings and revenue that fell short of analyst expectations and provided full-year guidance below consensus estimates.
The gaming peripherals and components maker reported adjusted earnings of $0.06 per share for the third quarter, missing analyst estimates of $0.09. Revenue came in at $345.8 million, up 14% YoY but below the consensus estimate of $353.89 million. The company’s adjusted EBITDA more than tripled to $16.2 million compared to the same period last year.
For the full year 2025, Corsair lowered its outlook, now expecting revenue between $1.425 billion and $1.475 billion, below analyst expectations of $1.509 billion. The company cited tight DDR5 memory market conditions and conservative estimates of customer spending patterns for the reduced forecast.
"We delivered strong results in Q3 with double-digit revenue growth and even stronger profit expansion, supported by disciplined execution and operational focus," said Thi La, Chief Executive Officer of Corsair. "Our performance reflects continued momentum across our ecosystem of brands and products."
The company’s Gaming Components and Systems segment grew over 15% YoY, while the Gamer and Creator Peripherals segment increased by more than 10%. Gross profit jumped 34% to $93.1 million, reflecting improved product mix and operational efficiency.
Despite facing $12 million in unforeseen tariff costs since May, Corsair managed to improve its margins through supply chain management and pricing actions. The company expects to exit 2025 with improved EBITDA margins compared to the previous year.
For the first nine months of 2025, Corsair’s revenue increased 15% to $1.0 billion, with adjusted EBITDA improving 117% to $47.0 million compared to the same period in 2024.
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