Corsair Gaming (NASDAQ:CRSR) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET
Company Participants
Ronald Van Veen - VP, Finance & IR
Andrew Paul - Founder, CEO & Director
Michael Potter - CFO
Conference Call Participants
Mario Lu - Barclays Bank
Roderick Hall - Goldman Sachs Group
Andrew Crum - Stifel, Nicolaus & Company
Franco Granda - D.A. Davidson & Co.
Operator
Good afternoon, and welcome to the Corsair Gaming Second Quarter 2022 Earnings Conference Call. As a reminder, today's call is being recorded, and your participation implies consent to such recording at this time. [Operator Instructions]. With that, I would now like to turn the call over to Ronald Van Veen, Corsair's Vice President of Finance and Investor Relations. Thank you. Sir, you may begin.
Ronald Van Veen
Thank you. Good afternoon, everyone, and thank you for joining us for Corsair's financial results conference call for the second quarter ending June 30, 2022. On the call today, we have our Corsair CEO Andy Paul and CFO, Michael Potter. Andy will review highlights from the second quarter and the business environment. Michael will then review the financials and our outlook, and we will then have time for any questions.
Before we begin, allow me to provide a disclaimer regarding forward-looking statements. This call, including the Q&A portion of the call, may include forward-looking statements related to the expected future results of our company and are therefore forward-looking statements. Our actual results may differ materially from our projections due to a number of risks and uncertainties. The risks and uncertainties that forward-looking statements are subject to are described in our earnings release and other SEC filings.
Today's remarks will also include references to non-GAAP financial measures. Additional information, including reconciliation between non-GAAP financial information to the GAAP financial information is provided in the press release we issued after the market closed today. With that, I'll now turn the call over to Andy.
Andrew Paul
Thank you, Ronald, and welcome everybody to our Q2 2022 earnings call. The first half of 2022 has been challenging from a macro perspective. But on the other hand, we have recently started to see encouraging signs with a reduction in supply chain lead times, shipping costs coming down, and consumer activity picking up.
Our revenues for the second quarter came in at $284 million, below our expectations entering the quarter, but this does not reflect the purchases of consumers from our retailers, which was significantly higher. As the channel inventory level normalizes, we will see a return to more balanced sell-in versus sell-through and stronger growth.