Segment and Geographic Information

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment and Geographic Information

14. Segment and Geographic Information

We have two reportable segments:

• Gamer and Creator Peripherals. Includes our high-performance gaming keyboards, mice, headsets, controllers, and our streaming gear, which includes capture cards, Stream Decks, USB microphones, our Facecam streaming camera, studio accessories and EpocCam software, as well as coaching and training services, among others.

• Gaming Components and Systems. Includes our high-performance power supply units, or PSUs, cooling solutions, computer cases, DRAM modules, as well as high-end prebuilt and custom-built gaming PCs and laptops, and gaming monitor, among others.

The segments are defined as those operations our chief operating decision maker (“CODM”) regularly reviews to analyze performance and allocate resources. Our CODM is determined to be Corsair’s Chief Executive Officer. The results of the reportable segments are derived directly from our reporting system and are based on the methods of internal reporting which are not necessarily in conformity with GAAP. Management measures net revenue and gross profit to evaluate the performance of, and allocate resources to, each of the segments.

The table below summarizes the financial information for each reportable segment (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net revenue
Gamer and Creator Peripherals	$	96,848	$	139,260	$	319,985	$	470,329
Gaming Components and Systems		214,921		251,861		656,383		923,109
Total net revenue	$	311,769	$	391,121	$	976,368	$	1,393,438
Gross Profit
Gamer and Creator Peripherals	$	31,790	$	48,580	$	85,405	$	172,080
Gaming Components and Systems		39,770		52,782		113,370		219,961
Total gross profit	$	71,560	$	101,362	$	198,775	$	392,041

The CODM manages assets on a total company basis, not by operating segments; therefore, asset information and capital expenditures by operating segments are not presented.

Geographic Information

The following table summarizes our net revenue by geographic region based on the location of the customer (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net revenue
Americas	$	164,378	$	189,330	$	506,835	$	606,788
Europe and Middle East		91,092		147,703		284,521		560,905
Asia Pacific		56,299		54,088		185,012		225,745
Total net revenue	$	311,769	$	391,121	$	976,368	$	1,393,438

Revenues from sales to customers in the United States represented 44.7% and 41.4% for the three months ended September 30, 2022 and 2021, respectively, and represented 44.5% and 37.3% for the nine months ended September 30, 2022 and 2021, respectively. No other countries besides the United States represented 10% or more of total net revenue for each of the periods presented.

Two customers represented at least 10% of total net revenue for the three and nine months ended September 30, 2022. One customer represented at least 10% of total net revenue for the three and nine months ended September 30, 2021.