Corsair makes and sells high-performance hardware for PC gamers and digital content creators. Products span two segments: Gaming Components and Systems (~67% of revenue), which includes PSUs, cooling solutions, cases, DRAM memory modules, SSDs, and prebuilt gaming PCs; and Gamer and Creator Peripherals (~33% of revenue), which includes keyboards, mice, headsets, performance controllers (SCUF brand), streaming hardware (Elgato capture cards, Stream Decks, microphones), and sim racing equipment (Fanatec, acquired in 2024). Corsair sells through online retailers — Amazon alone accounts for ~27% of revenue — brick-and-mortar retailers, and its own direct-to-consumer channels under brands including Origin, SCUF, Drop, and Fanatec. Revenue is almost entirely hardware-driven and is sensitive to GPU/CPU refresh cycles, which drive demand for components and peripherals, and to DRAM chip pricing, given memory is the single largest product line at ~32% of revenue. Peripherals carry roughly twice the gross margin of components, and management is actively shifting mix toward peripherals, sim racing, and creator hardware to improve profitability. D2C, now ~20% of revenue, is also a growing priority. Corsair's Elgato Stream Deck has a strong position in the creator segment, and the company is developing the Elgato Marketplace — a platform for third-party plugins — as a nascent recurring revenue stream. Corsair has built its current portfolio largely through acquisitions, completing ten since 2018.
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