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Corsair (CRSR) Q2 2024 earnings results miss revenue estimates on wider than expected loss

The PC builder and peripheral company wasn't able to put up wins in EPS or revenue for its second fiscal quarter of 2024.

TJ Denzer

August 1, 2024 2:18 PM

Image via Corsair

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Corsair was among the parade of tech companies that were reporting on earnings results this week, and with it came the company’s Q2 2024 reporting. Unfortunately, Corsair’s Q2 didn’t make the kind of waves that will thrill its investors. It reported greater than expected losses on its earnings per share (EPS) and a much lower revenue that analysts estimated as well.

Corsair put out its Q2 2024 earnings results on its investor relations website this week. In its earnings, the company reported a revenue of $261.3 million. That was well below analyst consensus, which was expecting around $290 million. Meanwhile, Corsair’s EPS came out to $0.07 per share in losses. Analysts were hoping to see $0.05 per share in profits, but even the Earnings Whisper number only estimated $0.01 per share in losses.

Corsair CEO Andy Paul attributed Corsair’s underperformance in Q2 to a “softer-than-expected self-built PC market,” as he goes on to explain below:

Paul seems optimistic about Corsair bouncing back, and it certainly has the hardware to do so with companies like SCUF Gaming (game controllers) and Elgato (livestreaming) in its portfolio. Stay tuned to further quarters to see how it pans out and check out other companies earnings results as they drop.

TJ Denzer

Senior News Editor

TJ Denzer is a player and writer with a passion for games that has dominated a lifetime. He found his way to the Shacknews roster in late 2019 and has worked his way to Senior News Editor since. Between news coverage, he also aides notably in livestream projects like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can reach him at tj.denzer@shacknews.com and also find him on Twitter @JohnnyChugs.