Corsair is expected to announce a quarterly financial loss as the economy struggles

pcgamer.com:

The PC industry isn’t faring too well at the moment as it recently suffered one of the worst declines on record(opens in new tab). Though many will see the decline as a return to normalcy after the pandemic boom years, there are some serious headwinds. Corsair, one of the best-known names in the PC gaming industry, isn’t immune. It’s expecting a preliminary unaudited loss between $10 million to $11 million for the quarter ended June 30, 2022.

Andy Paul, chief executive officer of Corsair, via a press release(opens in new tab), said, “The first half of the year has been a challenging time, as we expected, with macroeconomic headwinds affecting consumer spending on gaming gear, especially in Europe. This has caused a build-up of inventory both in our warehouses as well as in the retail channel, thus causing our channel partners to delay ordering while they clear this excess.”

Excess inventory levels are a worry. Much of Corsair's product portfolio lies outside of the core PC and in times of economic hardship and slower PC sales, gaming peripherals are an area that’s going to suffer more than most. A good mouse or keyboard from five years ago is still a good one today.

Paul goes on to talk about how he expects the gaming PC market to bounce back towards the end of the year when new GPUs and CPU launch, leading to a fresh round of upgrading. He expects this trend to continue in 2023 as mainstream parts are launched.

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Corsair’s Amazon Prime day sales were positive, according to Paul. Corsair will release its full second