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Corsair Gaming Inc (CRSR)



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Upturn Advisory Summary
03/27/2025: CRSR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -23.49% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 955.23M USD | Price to earnings Ratio - | 1Y Target Price 12 |
Price to earnings Ratio - | 1Y Target Price 12 | ||
Volume (30-day avg) 1205313 | Beta 1.6 | 52 Weeks Range 5.59 - 13.02 | Updated Date 03/30/2025 |
52 Weeks Range 5.59 - 13.02 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.95 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -6.47% | Operating Margin (TTM) 1.43% |
Management Effectiveness
Return on Assets (TTM) -2.41% | Return on Equity (TTM) -12.7% |
Valuation
Trailing PE - | Forward PE 20.45 | Enterprise Value 1085261862 | Price to Sales(TTM) 0.73 |
Enterprise Value 1085261862 | Price to Sales(TTM) 0.73 | ||
Enterprise Value to Revenue 0.82 | Enterprise Value to EBITDA 314.93 | Shares Outstanding 104855000 | Shares Floating 45222999 |
Shares Outstanding 104855000 | Shares Floating 45222999 | ||
Percent Insiders 3.38 | Percent Institutions 87.12 |
Analyst Ratings
Rating 4 | Target Price 8.86 | Buy 1 | Strong Buy 3 |
Buy 1 | Strong Buy 3 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Corsair Gaming Inc

Company Overview
History and Background
Corsair Gaming, Inc. was founded in 1994 as Corsair Microsystems, initially focusing on cache modules for PCs. Over time, it expanded into DRAM modules, power supplies, cases, cooling solutions, and gaming peripherals, evolving into a leading provider of high-performance gaming and streaming products.
Core Business Areas
- Gaming Components and Systems: Includes DRAM modules, power supplies, PC cases, cooling solutions, and prebuilt gaming PCs.
- Gaming Peripherals: Includes keyboards, mice, headsets, controllers, and streaming equipment.
Leadership and Structure
Andy Paul serves as the Chief Executive Officer. The company operates with a functional organizational structure, dividing its operations into product development, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- DRAM Modules: Corsair is a leading provider of high-performance DRAM modules for gaming PCs. The competitors include Kingston, Crucial (Micron), and G.Skill. While specific market share data fluctuates, Corsair is consistently ranked among the top vendors.
- PC Cases: Corsair offers a wide range of PC cases known for their design and features. The competitors include NZXT, Cooler Master, and Fractal Design. Market share varies by region and case type.
- Gaming Peripherals (Keyboards, Mice, Headsets): Corsair provides a range of gaming peripherals. Competitors include Razer, Logitech, and SteelSeries. Again, market share fluctuates by product category and region.
Market Dynamics
Industry Overview
The gaming hardware market is experiencing growth driven by increasing popularity of esports, streaming, and PC gaming. Innovation in components and peripherals is constant.
Positioning
Corsair is positioned as a premium brand focusing on high-performance gaming products. Its competitive advantages include brand recognition, product quality, and a comprehensive product portfolio.
Total Addressable Market (TAM)
The TAM for gaming peripherals and components is estimated to be over $50 billion. Corsair is well-positioned to capture a significant portion of this market through its strong brand and product offerings.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Wide product portfolio
- High-quality products
- Established distribution network
Weaknesses
- Premium pricing may limit market reach
- Dependence on PC gaming market trends
- Susceptibility to supply chain disruptions
Opportunities
- Expansion into new gaming markets (e.g., cloud gaming)
- Increased demand for streaming equipment
- Partnerships with esports teams and organizations
- Development of innovative gaming technologies
Threats
- Intense competition from established and emerging players
- Technological advancements rendering products obsolete
- Economic downturn impacting consumer spending
- Component shortages and supply chain issues
Competitors and Market Share
Key Competitors
- RAZR
- LOGI
- HPQ
Competitive Landscape
Corsair faces competition from established players like Razer and Logitech, as well as smaller, niche brands. Corsair differentiates itself through its focus on high-performance components and a strong brand image.
Major Acquisitions
Elgato
- Year: 2018
- Acquisition Price (USD millions): 274
- Strategic Rationale: Expanded Corsair's presence in the streaming hardware market.
Growth Trajectory and Initiatives
Historical Growth: Corsair has experienced growth driven by increasing demand for gaming hardware and peripherals. However, growth rates may vary based on market conditions.
Future Projections: Analyst projections suggest continued growth in the gaming market, with Corsair positioned to benefit from this trend.
Recent Initiatives: Recent initiatives include the acquisition of companies in the streaming space and the development of new gaming peripherals.
Summary
Corsair Gaming is a strong player in the gaming hardware market, with a well-recognized brand and diverse product portfolio. Its premium pricing and reliance on the PC gaming market pose challenges. However, opportunities in streaming and esports offer growth potential, though intense competition and supply chain vulnerabilities remain threats.
Similar Companies
- RAZR
- LOGI
- NXST
- HPQ
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
- Market Research Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It should not be considered financial advice. Market conditions and company performance can change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Corsair Gaming Inc
Exchange NASDAQ | Headquaters Milpitas, CA, United States | ||
IPO Launch date 2020-09-23 | Co-Founder, CEO & Director Mr. Andrew J. Paul | ||
Sector Technology | Industry Computer Hardware | Full time employees 2567 | Website https://www.corsair.com |
Full time employees 2567 | Website https://www.corsair.com |
Corsair Gaming, Inc., together with its subsidiaries, designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific. The company operates in two segments, Gamer and Creator Peripherals, and Gaming Components and Systems. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers; and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, sim racing products, gaming furniture, and others. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, SSD, and dynamic random access memory modules, as well as pre- and custom-built gaming personal computers and laptops, and gaming monitors. In addition, it offers personal computer gaming software, which includes software platforms, including iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. The company sells its products through e-retail, retail, and direct-to-consumer channels, as well as distributors. The company was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc. in 2018. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Milpitas, California.
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