I CORSAIR Forward Looking Statements Market & Industry Data CORSAIR CONFIDENTIAL Gaming Components and Memory 46% 72% 0% 20% 40% 60% 80% Components Memory • Corsair focusing on high end peripherals for enthusiasts, and our core business in gaming. Gaming Peripherals ASP in US Market LARGER MEMORY REQUIREMENTS BY GAMES IS DRIVING DEMAND FOR NEW BUILDS AND UPGRADES Source – *Steam Hardware survey March 2023 Hardware Requirements - Publisher Recommendations Corsair in Q1 2023 introduced new high performance 32 ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39533 Corsair Gaming, Inc. (Exact Name of Registrant as Specified in Its Charter) (State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39533 Corsair Gaming, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...

Corsair Gaming, Inc. (NASDAQ:CRSR) Q4 2022 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Ronald Van Veen - Vice President of Finance & Investor Relations Andy Paul - Founder & Chief Executive Officer Michael Potter - Chief Financial Officer Conference Call Participants Drew Crum - Stifel Doug Creutz - Cowen & Company Mario Lu - Barclays Operator Good afternoon and welcome to the Corsair Gaming Fourth Quarter and Full Year 2022 Earnings Conference Call. As a reminder, today's call ...

Q3 2022 FINANCIAL RESULTS November 3, 2022 DISCLAIMER Forward Looking Statements This presentation contains forward looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the Company's results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to: ...

Financial Data and Key Metrics Changes - The company achieved a 10% sequential revenue growth in Q3 2022, with revenue increasing to $311.8 million from $283.9 million in Q2 2022, but down from $391.1 million in Q3 2021 [5][18] - Gross profit decreased by 29.4% to $71.6 million from $101.4 million in Q3 2021, with a gross profit margin of 23% compared to 25.9% in Q3 2021 [22] - The net loss for Q3 2022 was $5.9 million, translating to a loss of $0.09 per diluted share, compared to net income of $1.8 million or $0.02 per diluted share in Q3 2021 [26] Business Line Data and Key Metrics Changes - The Gamer and Creator Peripheral segment generated $96.8 million in net revenue, up from $89 million in the prior quarter but down 30.5% from $139.3 million in Q3 2021 [20] - The Gaming Components & Systems segment contributed $214.9 million in net revenue, up from $194.9 million in the prior quarter but down 14.7% from $251.9 million in Q3 2021 [21] - Memory products contributed $115.2 million in Q3 2022, nearly flat compared to $115.5 million in Q3 2021 [21] Market Data and Key Metrics Changes - The European market contributed about 29% of total revenues, which is below the historic average in the high 30 percentile but up from approximately 25% in Q2 2022 [19] - Revenue in Asia for Q3 was approximately flat compared to the previous year [11] Company Strategy and Development Direction - The company aims to reduce worldwide channel inventory by roughly $100 million from the start of 2022 to the end of the year, focusing on normalizing inventory levels [7] - New product launches, including the Corsair Voyager a1600 laptop and a 45-inch OLED bendable gaming monitor, are expected to enhance market presence and drive future growth [12][13] - The company anticipates elevated demand for gaming PCs as new lower-priced GPU models are launched, benefiting from the recent downturn in cryptocurrency mining demand [14][32] Management's Comments on Operating Environment and Future Outlook - Management noted that while the market environment remains challenging, there are signs of improvement, particularly in the self-built gaming PC market [31] - The company expects continued growth in Q4 across all categories, with a projected revenue increase of 20% to 25% based on historical seasonality [43] - Management highlighted the positive impact of reduced freight costs and normalizing inventory levels on future gross margins [32] Other Important Information - The company ended the quarter with $61.7 million in cash and $245 million in debt, with a focus on strategic investments and reducing debt [28] - The full-year 2022 revenue outlook has been adjusted to a range of $1.325 billion to $1.375 billion, reflecting ongoing market challenges [29] Q&A Session Summary Question: Comments on reducing channel inventory and consumer demand - Management indicated that the increase in inventory was due to over-ordering and a slight reduction in consumer demand, particularly in Europe, with expectations for normalization by Q1 [35][38] Question: Expectations for gross margin improvement in Q4 - Management expects further gross margin improvement in Q4, estimating a 2 to 3 percentage point increase due to reduced freight rates and economies of scale [40] Question: Seasonality and revenue guidance for Q4 - Historical data suggests a Q3 to Q4 revenue increase of 15% to 30%, with expectations for a 20% to 25% lift in Q4 based on consumer activity and new product launches [43][44] Question: Margin profile for new products - Management aims to launch new products at higher margins compared to previous years, although gaming PCs and monitors typically have lower margins than other components [49] Question: Outlook on cloud gaming - Management views cloud gaming positively, noting that increased gaming participation at entry levels could lead to future PC platform upgrades [51]

Revenue Performance - Revenue for the three months ended September 30, 2022, decreased by $79.4 million or 20.3% compared to the same period last year[131]. - Revenue for the nine months ended September 30, 2022, decreased by $417.1 million or 29.9% compared to the same period last year[131]. - Net revenue decreased by $79.4 million, or 20.3%, for the three months ended September 30, 2022, primarily due to a 30.5% decrease in sales for the gamer and creator peripherals segment[162]. - For the nine months ended September 30, 2022, net revenue decreased by $417.1 million, or 29.9%, attributed to a 32.0% decrease in sales for the gamer and creator peripherals segment[163]. - The decrease in net revenue was significantly impacted by consumer spending in Europe, accounting for approximately 71.3% of the decline in the three months ended September 30, 2022[164]. Gross Margins and Profitability - Gross margins decreased from 25.9% to 23.0% for the three months ended September 30, 2022, and from 28.1% to 20.4% for the nine months ended September 30, 2022[131]. - Gross profit for the three months ended September 30, 2022, was $71,560, with a gross margin of 23.0%, down from 25.9% in the same period last year[166]. - The gross margin of the gamer and creator peripherals segment decreased by 2.1% for the three months ended September 30, 2022, primarily due to increased promotional activity and logistics costs[186]. - The gross margin of the gaming components and systems segment decreased by 2.5% for the three months ended September 30, 2022, primarily due to a change in sales mix toward lower margin products[187]. Expenses and Cost Management - SG&A expenses decreased by $9.2 million, or 12.1%, for the three months ended September 30, 2022, primarily due to lower distribution costs and marketing expenses[168]. - Total operating expenses for the three months ended September 30, 2022, were $82,548, compared to $90,607 in the same period last year[159]. - The company expects total SG&A expenses to rise in absolute dollars due to increased promotional activities and business growth[149]. - Product development expenses are expected to increase in absolute dollars as the company continues to invest in new product development and enhancements[151]. - Product development expenses increased by $1.1 million, or 7.7%, for the three months ended September 30, 2022, compared to the same period last year, primarily due to a $0.9 million increase in amortization of intangible assets from the iDisplay acquisition[170]. Cash and Liquidity - Cash and restricted cash totaled $61.7 million as of September 30, 2022, with a Term Loan outstanding of $245.0 million[131]. - As of September 30, 2022, the company had cash and restricted cash totaling $61.7 million, including $19.7 million held by foreign subsidiaries[188]. - The company expects that anticipated cash flows from operations, combined with current cash balances and borrowings under the Revolving Credit Facility, will be sufficient to fund principal uses of cash for at least the next twelve months[188]. - Cash used in investing activities for the nine months ended September 30, 2022 was $40.5 million, primarily due to a $19.5 million acquisition of iDisplay and $19.9 million in capital expenditures[193]. - Cash used in financing activities was $3.9 million for the nine months ended September 30, 2022, significantly lower than $67.2 million in the same period of 2021[195]. Debt and Financial Obligations - As of September 30, 2022, the total principal outstanding of the Term Loan was $245.0 million, with an available capacity under the Revolving Credit Facility of $100 million[203]. - Total contractual cash obligations as of September 30, 2022 amounted to $448.8 million, with $292.9 million related to debt principal and interest payments[205]. - The Credit Agreement allows for a maximum Consolidated Total Net Leverage Ratio of 3.0 to 1.0, which can increase to 3.50 to 1.0 under certain conditions[200][202]. Foreign Currency Impact - Approximately 16.1% of net revenue for the nine months ended September 30, 2022 was denominated in foreign currencies, primarily Euro and British Pound[212]. - The impact of changes in foreign currency rates resulted in gains of $1.5 million for the nine months ended September 30, 2022, compared to losses of $4.1 million in the same period of 2021[214]. - The company entered into forward currency contracts with an outstanding notional principal amount of $32.4 million as of September 30, 2022, to mitigate currency fluctuations[213]. - A hypothetical ten percent change in exchange rates would increase or decrease the company's gains or losses on foreign currency exchange by approximately $1.0 million for the nine months ended September 30, 2022[214]. Taxation - The effective tax rate for the three months ended September 30, 2022, was 50.7%, an increase from 17.4% in the same period last year, primarily due to changes in the forecast and the mix of losses between various jurisdictions[178]. - The effective tax rate for the nine months ended September 30, 2022, was 15.6%, a decrease from 17.2% in the same period last year, primarily due to an increase in losses in foreign subsidiaries[179]. Internal Controls and Compliance - The company's disclosure controls and procedures were evaluated as effective as of September 30, 2022, providing reasonable assurance for timely decision-making regarding required disclosures[217]. - There were no changes in the company's internal control over financial reporting during the quarter ended September 30, 2022, that materially affected its effectiveness[218].

Goldman Sachs Communacopia + Technology Conference September 13, 2022 DISCLAIMER Forward Looking Statements This presentation contains forward looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the Company's results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking statements, incl ...

Corsair Gaming (NASDAQ:CRSR) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Ronald Van Veen - VP, Finance & IR Andrew Paul - Founder, CEO & Director Michael Potter - CFO Conference Call Participants Mario Lu - Barclays Bank Roderick Hall - Goldman Sachs Group Andrew Crum - Stifel, Nicolaus & Company Franco Granda - D.A. Davidson & Co. Operator Good afternoon, and welcome to the Corsair Gaming Second Quarter 2022 Earnings Conference Call. As a reminder, today's call is being ...

| --- | --- | |---------------------------|-------| | | | | | | | | | | | | | | | | Q2 2022 FINANCIAL RESULTS | | | August 4, 2022 | | DISCLAIMER Forward Looking Statements This presentation contains forward looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the Company's results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of ...