Image: Corsair

The global economic downturn is hurting many PC companies, and it appears that Corsair isn’t an exception.

Corsair, a “leading global provider and innovator of high-performance gear for gamers and content creators,” said in a press release that it expects to lose “between $10 million to $11 million, for the quarter ended June 30, 2022.”

Andy Paul, Corsair’s CEO, has described business as being “challenging” for Corsair as of late because of economic struggles.

“The first half of the year has been a challenging time, as we expected, with macro-economic headwinds affecting consumer spending on gaming gear, especially in Europe,” said Paul. “This has caused a buildup of inventory both in our warehouses as well as in the retail channel, thus causing our channel partners to delay ordering while they clear this excess.”

Corsair’s press release goes on to assure investors that it’s taking a number of actions to improve its business, including details on what was apparently a pretty successful Amazon Prime Day.

We have already taken actions to mitigate this and made substantial progress during the quarter to reduce inventory levels. We have also proactively taken actions to reduce operating expenses and taken some reserves against potential inventory overhangs. We are pleased to see recent upticks in activity from enthusiasts looking to build gaming PCs, which use our component products, and GPU cards are now generally readily available at attractive prices. In addition, our Amazon Prime Day results showed a promising start to Q3 and the second half of 2022. Industry estimates for total Amazon Prime Day sales were up over 10% year-over-year, and Amazon sales for Corsair products during Prime week demonstrated very strong growth compared to last year, and in particular, components used to build gaming PCs showed sales growth of over 35%. We observed growth both in the U.S. and European markets.

Corsair will release its Q2 2022 results and financial outlook after the Nasdaq close on Thursday, August 4, 2022.

The company recently announced new gaming monitors in the form of the XENEON 32UHD144 and XENEON 32QHD240. The former features a 4K panel with refresh rates of up to 144 Hz, while the latter features a QHD panel with refresh rates of up to 240 Hz. Both are IPS panels.

Source: Corsair

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8 comments

  1. Imagine they got an ipo. Then started pumping product into a market for product they didn't need to diversify. Well they diversified themselves into a loss here. Ubfortunate timing and an appetite for risk hurt them. Now we will see if the ipo makes sense and gives them the financial fortitude to weather this storm.
  2. Maybe they should focus a bit more on the quality of their stuff, I had 3 or 4 mice become defective the, first 2 in a matter of months. Also had a spacebar of a k70 keyboard not working 30% of the time shame there are not that many brands with azerty keyboards around worth using.

    And they screwed me with not providing mouting stuff for socket 1700 for their cheaper aio coolers.
  3. I think Corsair will be alright - their overall product line is solid and well supported (if only by themselves). I also approve of their most recent acquisitions - some may not think much of elgato (or know what they do), but the company does put out solid products, for example.

    Maybe they should focus a bit more on the quality of their stuff, I had 3 or 4 mice become defective the, first 2 in a matter of months. Also had a spacebar of a k70 keyboard not working 30% of the time shame there are not that many brands with azerty keyboards around worth using.
    Had to look up azerty - while Corsair generally makes good keyboards, there're plenty of keyboards available that allow layout changes written to their firmware. Not as straightforward I know, but doable.
    And they screwed me with not providing mouting stuff for socket 1700 for their cheaper aio coolers.
    At least in NA, I haven't had Corsair fail at supporting their products across industry transitions. Did you give them a ring?
  4. Had to look up azerty - while Corsair generally makes good keyboards, there're plenty of keyboards available that allow layout changes written to their firmware. Not as straightforward I know, but doable.

    That's not a workable option, too many differences
    At least in NA, I haven't had Corsair fail at supporting their products across industry transitions. Did you give them a ring?

    Well they made a kit for their higher end coolers, mine was not listed in the compatibility list even though it was pretty new so I did not see how calling/contacting them would solve anything. Went with a different brand and even got some money back via a cashback promo.
  5. Well they made a kit for their higher end coolers, mine was not listed in the compatibility list even though it was pretty new so I did not see how calling/contacting them would solve anything.
    Not saying that it was an oversight on their part - but they could have overlooked something? Happens all the time when trying to account for so many releases.

    Might receive a response along the lines of... "it will probably work, but we haven't been able to test it" or somesuch.

    That's not a workable option, too many differences
    You sure? QMK (etc.) firmware allows the entire keyboard to be remapped. If there's an actual switch layout difference I'd understand, but typically an ISO layout would be the same there?
  6. Maybe they should focus a bit more on the quality of their stuff, I had 3 or 4 mice become defective the, first 2 in a matter of months. Also had a spacebar of a k70 keyboard not working 30% of the time shame there are not that many brands with azerty keyboards around worth using.

    And they screwed me with not providing mouting stuff for socket 1700 for their cheaper aio coolers.
    I love their cases, but their mice and keyboards have not been kind to me for the most part.
  7. You sure? QMK (etc.) firmware allows the entire keyboard to be remapped. If there's an actual switch layout difference I'd understand, but typically an ISO layout would be the same there?

    There are physical differences and even if there were none, I would need to buy different keycaps as there are tonsd of differences. I once when I was just a wee lad tried something like this with a razer keyboard, soon found out it was a terrible idea.

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