While Corsair’s financial results for the first quarter were down, the brand made up for it in the second quarter. In fact, the company saw its revenues grow by 14.6% over this period of the year.
Corsair is doing better in the second quarter of 2023!
In April, May and June, the brand generated revenues of $325.432 million, compared with $283.908 million in the second quarter of 2022. Nevertheless, while year-on-year figures are up, compared with the first quarter of the year, they are down on the $354 million generated in the first part of the year.
Corsair divides its business into two distinct branches, with peripherals for gamers and creators on one side. On the other, we have gaming and systems components. By this we mean spare parts for computers, such as cases, RAM, etc.
Once again, the peripherals section is recording a drop in revenues. In Q2 2023, it generated $78,755 million, compared with $88,989 million in Q2 2022. However, while the peripheral section is down, the components sector is doing very well. It posted revenues of $246,677 million versus $194,919 million in Q2 2022.
Moreover, in terms of gross profit, peripherals appear to be much more profitable. Peripherals recorded $25,509 million, compared with $57,323 million for components.
Finally, the brand’s forecasts for 2023 remain unchanged. It still expects to generate sales of between $1.35 billion and $1.55 billion in 2023. In addition, operating results are expected to be between $75 million and $95 million.
