Corsair Q2 revenue falls 19.7% to $261.3 million; net loss of $0.28 per share
Corsair Gaming reported second-quarter 2024 net revenue of $261.3 million, down 19.7% from $325.4 million a year earlier, and a net loss of $29.6 million, or $0.28 per diluted share, compared with net income of $0.01 per diluted share in the prior-year quarter. The company also set a full-year 2024 outlook of $1.25 billion to $1.35 billion in net revenue and $60 million to $75 million in adjusted EBITDA, which shareholders will weigh against the weaker quarter.
Key points
- Q2 2024 net revenue was $261.3 million, down 19.7% year over year; Gaming Components and Systems fell to $167.1 million from $246.7 million, while Gamer and Creator Peripherals rose to $94.2 million from $78.8 million.
- Q2 2024 adjusted EBITDA was a loss of $1.2 million, compared with adjusted EBITDA of $17.8 million in Q2 2023.
- Full-year 2024 outlook: net revenue of $1.25 billion to $1.35 billion, adjusted operating income of $48 million to $63 million, and adjusted EBITDA of $60 million to $75 million.
- In July 2024 the company reduced approximately 100 employees as part of cost savings.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.