Corsair Gaming, Inc. (CRSR) SEC Filings & Earnings Calls

Memory pricing headwind pressuring DIY PC component demand; segment revenue -9% YoY.

“Higher memory pricing continued to weigh on the market for DIY PC builds and standalone components, which shrank year-over-year during the quarter.” · word for word

Tariff refund benefit largely complete; core profitability without refund shows net loss of $5.7M.

“Excluding this benefit, net loss would have been $5.7 million and GAAP diluted loss per share would have been $(0.07)” · word for word

Tariff exposure

“Since February 2025, the U.S. government has proposed and, in certain cases, implemented new, substantial tariffs on imports to the United States from various countries, including Taiwan, China, and Vietnam, where we manufacture or source our products.” · word for word

Customer concentration

“e-retailer Amazon accounting for 25.7% and 29.2% of our net revenue for the six months ended June 30, 2026 and 2025, respectively” · word for word

Semiconductor supply constraint

“We continue to observe significant constraints in the global supply of semiconductors, particularly memory components, driven in part by demand associated with the buildout of AI infrastructure” · word for word

Demand cyclicality

“The decrease was primarily driven by softer demand in the self-built PC market, reflecting the lack of a significant GPU-driven upgrade cycle and elevated memory pricing” · word for word

Tariff cost pressure on gross margin

“The increase was primarily attributable to a 580 basis point improvement from favorable product mix and higher pricing, partially offset by a 100 basis point impact from higher tariff costs.” · word for word

Customer concentration risk

“e-retailer Amazon accounting for 25.0% and 28.3% of our net revenue for the three months ended March 31, 2026 and 2025, respectively, and sales to our ten largest customers accounting for approximately 46.8% and 50.4% of our net revenue for the three months ended March 31, 2026 and 2025, respectively.” · word for word

Semiconductor supply constraints impacting demand

“We are observing significant constraints in the global supply of semiconductors driven by the proliferation of AI infrastructure, which are materially impacting the broader hardware market.” · word for word

Tariff-related headwinds in Gamer and Creator Peripherals segment

“Gross profit increased 8% YoY despite tariff-related headwinds”

Semiconductor supply constraints and elevated pricing impacting Gaming Components and Systems demand

“Ongoing global semiconductor supply constraints have reduced component availability, while elevated pricing has weighed on consumer demand, both dynamics we expect to persist through the near term” · word for word

Revenue decline in Gaming Components and Systems segment (-10% YoY)

“Gaming Components and Systems revenue declined 10% year over year to $231.2 million”

Controlled Company Governance Risk

“Due to EagleTree holding more than 50% of the voting power for the election of directors, we are considered a 'controlled company' for the purposes of the Nasdaq Rules. As such, we qualify for, and rely on, exemptions from certain corporate governance requirements” · word for word

Key Person Transition Risk

“CEO and CFO transitions occurred in 2025, with new CEO Thi La receiving a $5M equity award package and new CFO Gordon Mattingly receiving a $3M equity award package.”

Minimal risk; routine board change with no disagreement.

“not the result of a disagreement with the Company” · word for word

Tariff and trade policy risk

“The President has responded to this ruling by implementing a new 10% tariff on most imports into the United States under the Trade Act of 1974 which will take effect February 24, 2026 and will last for 150 days.” · word for word

DRAM price volatility risk

“declines in the prices of these ICs and their related products have tended to have a negative short-term impact on gross margin of our DRAM modules.” · word for word

Customer concentration risk

“In 2025, 2024 and 2023, e-retailer Amazon accounted for more than 10% of our net revenue, at 27.4%, 30.9%, and 30.7%, respectively.” · word for word

Cloud gaming disruption risk

“If cloud computing is widely adopted, the demand for high-performance computer gaming hardware products such as the PC high-performance memory, prebuilt and custom gaming PCs and laptops, and other PC gaming components we sell, could diminish significantly.” · word for word

Gamer and Creator Peripherals Q4 revenue decline of 3%

“In Q4 2025, revenue decreased 3% year-over-year, driven primarily by lower demand in North America.” · word for word

Semiconductor supply constraints

“Successfully navigate a constrained global semiconductor market to secure supply for robust demand.” · word for word

Transition risk during CFO change, though mitigated by consulting period.

“Potter to serve as senior advisor through March 2026.”

Customer concentration

“As of September 30, 2025, one customer represented 47.3% of our accounts receivable, net balance.” · word for word

Inventory build-up

“Inventories increased to $314.5M from $260.0M since December 31, 2024.”