Financial Data and Key Metrics Changes - The company reported strong growth in Q1, with significant improvements in gross margins, particularly in the Gaming Components and Systems segment, which reached the highest levels in two years [39][41] - The overall revenue growth is expected to continue, with a focus on maintaining low expenses to achieve higher EBITDA margins [58][62] Business Line Data and Key Metrics Changes - The components business experienced notable year-over-year growth, driven by the GPU launch cycle, while peripherals also saw growth, primarily due to the Fanatec acquisition [6][44] - The peripherals segment showed strong double-digit growth throughout 2024, although growth slowed slightly in Q1 compared to previous quarters [42][44] Market Data and Key Metrics Changes - The gaming market continues to expand, with younger demographics spending more time gaming, which supports the company's growth [10][24] - The acquisition of Fanatec is expected to enhance market share in the racing sim products sector, which has a total addressable market exceeding $1 billion [45][52] Company Strategy and Development Direction - The company is focusing on customization and AI integration in its products, aiming to enhance customer experience and product offerings [27][30] - The leadership transition to Tee La is anticipated to bring a stronger emphasis on customization and AI, leveraging her extensive experience within the company [26][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience to macroeconomic volatility, citing the ongoing GPU cycle as a significant tailwind [23][24] - The company is well-positioned to navigate tariff uncertainties, having already moved much of its production outside of China [16][19] Other Important Information - The company has a low net debt position and is focusing on growing revenue without significantly increasing expenses, which is expected to improve margins [62][63] - The integration of Fanatec into the company's systems has been completed, and there are plans to expand its market reach beyond direct-to-consumer sales [52][53] Q&A Session Summary Question: What impact have tariffs had on the business? - The company has minimized direct shipments from China, with only 19% of US products coming from there, and expects this to decrease to mid-single digits by year-end [16][17] Question: How does the company view its competitive position regarding sourcing? - The company believes it is in a better position than competitors due to its proactive measures in moving production out of China [20][21] Question: How resilient is the business to macroeconomic conditions? - Management noted that economic uncertainty often leads consumers to spend more time gaming at home, which can positively impact peripheral sales [24][25] Question: What changes can be expected under the new CEO? - Tee La is expected to emphasize customization and AI integration, building on her long-standing role within the company [26][28] Question: What is the outlook for the GPU cycle? - The GPU cycle is a significant driver for new PC builds, and the current launch is expected to spur additional revenue as demand exceeds supply [31][34] Question: How does the company plan to achieve higher EBITDA margins? - The strategy involves growing revenue while controlling expenses, particularly by focusing on higher-margin peripheral products [58][60]

NRG will benefit from cutting-edge gaming hardware designed and tested to meet the demands of the highest competitive level TORONTO, May 12, 2025 (GLOBE NEWSWIRE) -- ASUS Republic of Gamers (ROG) and NRG today announced the expansion of their partnership. NRG, an American esports team, will benefit from a full range of ROG laptops, desktops, and handheld gaming devices — equipping them with leading hardware on their road to excellence and success. "NRG is a massive force in esports, and we're proud to expan ...

Financial Data and Key Metrics Changes - The company reported Q1 2025 net revenue of $369.8 million, a 10% increase from $337.3 million in Q1 2024 [6][18] - Gross profit for Q1 2025 was $102.4 million, up from $86.6 million in Q1 2024, with gross margin increasing to 27.7% from 25.7% [20][22] - Adjusted operating income for Q1 2025 was $20.6 million compared to $15.4 million in Q1 2024, while adjusted EBITDA rose to $22.6 million from $18 million [22][23] Business Segment Data and Key Metrics Changes - The Gamer and Creator Peripheral segment generated $112 million in net revenue, up from $107 million in Q1 2024 [19] - The Gaming Components and Systems segment contributed $257.8 million in net revenue, compared to $230.3 million in Q1 2024 [19] - Memory products revenue increased to $141.1 million in Q1 2025 from $124.9 million in Q1 2024 [19] Market Data and Key Metrics Changes - European markets accounted for 37.2% of Q1 2025 revenues, down from 38% in Q4 2024, while the APAC region increased to 11.3% from 9.1% [18] - The company noted strong demand for components and memory products as enthusiasts build new gaming PCs based on new high-performance GPUs [8][10] Company Strategy and Development Direction - The successful integration of Fanatec is expected to enhance product availability and customer experience, driving incremental revenue [6][7] - The company is focused on leveraging artificial intelligence to improve customer service and operational efficiency, viewing it as a significant growth driver [11][12] - The company maintains a flexible manufacturing strategy to adapt to global trade dynamics and mitigate tariff impacts [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for gaming PCs despite potential economic slowdowns, noting that home entertainment tends to be less affected during recessions [9][33] - The company is cautious about the impact of tariffs on semiconductor products but believes that the current situation may not significantly affect consumer demand [9][10] - The company did not reaffirm full-year 2025 financial guidance due to uncertainties surrounding tariffs but plans to provide updates as visibility improves [24] Other Important Information - The company ended Q1 2025 with a cash balance of $102.5 million and reduced debt to $149 million, down $25 million from the prior quarter [24] - Inventory at the end of Q1 2025 was $276.8 million, reflecting a strategic investment in categories expected to support growth [24] Q&A Session Summary Question: Changes in confidence regarding the hardware refresh cycle around new NVIDIA GPUs - Management indicated that the demand for GPUs and CPUs will significantly influence the decision to build gaming PCs, with tariffs potentially impacting demand [27][28] Question: Drivers of growth in peripherals and components segment - The growth in peripherals was primarily driven by the Fanatec acquisition, while the components segment was limited by the availability of cards rather than tariff-related demand [35][36]

Financial Data and Key Metrics Changes - The company reported Q1 2025 net revenue of $369.8 million, a 10% increase from $337.3 million in Q1 2024 [17] - Gross profit for Q1 2025 was $102.4 million, up from $86.6 million in Q1 2024, with gross margin increasing to 27.7% from 25.7% [18][19] - Adjusted operating income for Q1 2025 was $20.6 million compared to $15.4 million in Q1 2024, while adjusted EBITDA rose to $22.6 million from $18 million [21] Business Line Data and Key Metrics Changes - The Gamer and Creator Peripheral segment generated $112 million in net revenue, up from $107 million in Q1 2024 [18] - The Gaming Components and Systems segment contributed $257.8 million in net revenue, compared to $230.3 million in Q1 2024 [18] - Memory products revenue increased to $141.1 million in Q1 2025 from $124.9 million in Q1 2024 [18] Market Data and Key Metrics Changes - European markets accounted for 37.2% of Q1 2025 revenues, down from 38% in Q4 2024, while the APAC region increased to 11.3% from 9.1% [17] - The company noted strong year-over-year growth in the components market, where it maintains a leadership position [15] Company Strategy and Development Direction - The successful integration of Fanatec is expected to enhance product availability and customer experience, driving incremental revenue [5][6] - The company is focused on leveraging artificial intelligence to improve customer service and operational efficiency, viewing it as a significant growth driver [11][12] - Corsair aims to capture market share by adapting quickly to changes in the market and policy environment, particularly regarding tariffs [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about consumer demand for gaming PCs despite potential tariff impacts, noting that home entertainment tends to be less affected during recessions [9][10] - The company is cautious about the economic environment but believes it is well-positioned to navigate challenges due to its flexible manufacturing strategy [14][15] - There is uncertainty regarding full-year 2025 financial guidance due to potential new tariffs, with plans to provide updates as visibility improves [23] Other Important Information - The company ended Q1 with a cash balance of $102.5 million and reduced debt to $149 million, enhancing financial flexibility [23] - Inventory levels increased to $276.8 million, reflecting strategic investments in key categories [23] Q&A Session Summary Question: Confidence in hardware refresh cycle around new NVIDIA GPUs - Management indicated that demand for gaming PCs is closely tied to GPU and CPU costs, with potential tariffs on semiconductors being a significant factor [28] - Early signs show that consumers are starting to build with new NVIDIA 50 series cards, although availability has been limited [29][31] Question: Growth drivers in peripherals and components segment - The growth in peripherals was primarily driven by the successful integration of Fanatec, while the components segment was limited by card availability rather than tariff concerns [34]

Financial Performance - Corsair's Q1 2025 net revenue reached $369.8 million, a 9.6% increase year-over-year compared to $337.3 million in Q1 2024[40] - The company's gross profit for Q1 2025 was $102.4 million, representing an 18.1% increase from $86.6 million in Q1 2024[40] - Adjusted EBITDA for Q1 2025 was $22.6 million, a 25.6% increase compared to $18.0 million in Q1 2024[40] - Adjusted earnings per share (diluted) increased by 22.2% to $0.11 in Q1 2025, compared to $0.09 in Q1 2024[40] Segment Results - Gaming Components and Systems segment net revenue was $257.8 million in Q1 2025, an 11.9% increase year-over-year from $230.3 million in Q1 2024[41] - Gamer and Creator Peripherals segment net revenue reached $112.0 million in Q1 2025, a 4.7% increase compared to $107.0 million in Q1 2024[41] - Gross profit margin for the Gamer and Creator Peripherals segment was 41.5% in Q1 2025[41] Market Trends and Partnerships - US NPD data indicates a 20% year-over-year growth in the component and memory categories for March 2025[23] - Corsair has established partnerships with Call of Duty: Warzone, Porsche, and Bentley to enhance brand visibility and market reach[17, 18] FANATEC Integration - The Sim Racing category global TAM is estimated at over $1 billion and is expanding at a double-digit annual growth rate[24]