Corsair sees flat Gaming Component revs '24e

Tough comps stealing all the thunder

Below expectations on Q4 earnings, but solid growth in sales out. We make small changes to our forecasts. Interesting long-term, but we keep HOLD on the near-term outlook.

Weak top line, but solid "sales out" growth

Down to HOLD ahead of lukewarm Q4e

Impressive performance in 2023, but momentum is slowing. We cut '24e-'25e EBIT by 4-6% on FX headwinds. Time for a breather: down to HOLD (Buy).

CEO stepping down

Low-hanging fruit taken, but outlook still solid

Another strong quarter, well above expectations. Demand to remain solid, but we see a slight deceleration. Tough comps in '24e, but we keep BUY at 13x '24e EV/EBIT.

24% sales beat vs. cons

Are you not entertained?

Another strong quarter, well above expectations. We lift '23e-'25e EBIT by 33-7%. Strong performance and attractive valuation ; we maintain BUY.

Blow-out Q2 results, sales 48% ahead of cons

Positive read-across from Corsair's Q2

Stars align for a strong Q2e

Strong momentum from Q1, and positive data points in Q2e. USD/SEK winner: we lift '23e-'25e EBIT 16-11%. Reiterate BUY at 13x '24e EV/EBIT, TP up to SEK 43 (36).

Rebounding demand and market share gains

Blow-out Q1 results, 26% sales beat vs. cons. Strong Q2e on the cards - we reiterate BUY and increase the TP to 36 (33).

Preliminary Q1 well above estimates

Here comes the sun

We expect Q1e to show improved sales after a weak 2022, and see 25% org. growth in '23e: BUY.