Corsair Gaming Inc at Goldman Sachs Communacopia & Technology Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Eric Sheridan - Goldman Sachs International - Analyst : Great. Thank you so much for that, and I want to build on your background and how you ended up in the company. So you're now running the company as CEO. Talk a little bit about the key strategic priorities that you've set for yourself that you think are the most important things you want to accomplish when framed against the market opportunity in front of you?

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay. I do want to build on that. As a team, you've highlighted momentum around Fanatec and racing sim products. Can you discuss the global rollout strategy? And more importantly, Formula One is at an all-time high from a popularity standpoint across multiple media formats. How does that factor into the excitement about the potential for the market opportunity there?

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay, interesting. So let's turn quickly to NVIDIA and AMD GPU launches. There is a refresh rebuild cycle that typically comes with GPU launches that's tied to your components and systems business. Why don't you talk a little bit about how those launches feed into demand for your products and what you guys are seeing in the market today?

Question: Eric Sheridan - Goldman Sachs International - Analyst : So building on that, not only does technological advances typically build refresh cycles, there's also cycles tied to content, and we have a lot of AAA content coming across the gaming landscape, a lot of excitement building for Grand Theft Auto VI at some point, likely next year, along with a whole bunch of titles. How do you think about the content cycle away from just a technological cycle driving demand in the business? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2025 / 9:25PM, CRSR.OQ - Corsair Gaming Inc at Goldman Sachs Communacopia & Technology Conference

Question: Eric Sheridan - Goldman Sachs International - Analyst : One of the questions I get a fair bit from investors, and I don't know if there's an answer to this today is how might this cycle look different than prior cycles? You have a GPU cycle on top of a very heavy content cycle. Is there any historical context you can give there in terms of not even think about it, or is it just we know, how the momentum builds and it's wait and see how it comes through in the environment?

Question: Eric Sheridan - Goldman Sachs International - Analyst : Yeah, it's going to be, we have some big forecasts for it, who knows how that will all play out, but I wouldn't take the under on many of those forecasts what we can tell. I want to turn to the peripherals business. How would you characterize the competitive landscape right now in peripherals, how do you position yourself competitively to execute against what you see across that landscape?

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay. One of the most interesting things of the last 12 to 18 months is you guys continue to diversify some of your channel strategy, how you go to market with your products. How should we think about the mix of go-to-market strategy for the company evolving in the years ahead?

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay. Building on that, one of the themes that I think remains a little bit misunderstood from investors is there are elements of exposure you have to the creator economy, the type of equipment and the type of peripherals and the type of things that allow creators to build and scale what they do. Talk a little bit about your exposure to the creator economy, how that might evolve, how some of your product initiatives might be aligned with that economic engine going forward?

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay. Next, I wanted to turn to the tariff landscape. It has been one of the most dominant themes in the market environment this year, probably only outshone by AI to some degree. But there is still a lot of uncertainty around tariffs, especially in the semiconductor landscape. How do you think about your relative exposure to that theme? And how does it factor into the way you forecast the business going forward? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2025 / 9:25PM, CRSR.OQ - Corsair Gaming Inc at Goldman Sachs Communacopia & Technology Conference

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay. One of the other themes of this conference have been questions around the macro backdrop. There's been a bit of a more volatile picture depending on which kind of consumer you're looking at by income level and activity level, and there's been some -- a wide range of messages over the first two or three days. When you think about what you're seeing in terms of consumer demand trends, how would you characterize it by either geography or what people spend their money on or what you're seeing in your broader array of products?

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay. Well, I can tell you my 18-year-old son does everything he can to get more gaming money out of me. So he's been very resilient, right now.

Question: Eric Sheridan - Goldman Sachs International - Analyst : No. And not to get into too much anecdotal, but I would think they take a lot of pride in what they've built on the desktop side, which I think dovetails very, very well with your business model --

Question: Eric Sheridan - Goldman Sachs International - Analyst : That can be dangerous for me.

Question: Eric Sheridan - Goldman Sachs International - Analyst : Happy to help, though. AI, obviously, has been the other dominant theme of this conference. One of the interesting angles is we've talked to a lot of CEOs and CFOs who've talked to us about how they've deployed AI internally in their companies. And I think what's come back to us is a general message of -- it's driving a lot of efficiency. It's allowing us to invest faster in growth. What has been your experience with deploying AI into your organization? And what sort of pathway are you on there?

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay. Well, let me try to bring Michael into the conversation as well. We've talked a lot so far about growth initiatives, product, where we're going from that standpoint. bring it together for us in terms of the priorities around how to tie investments in the business, back to margins, back to how capital is allocated inside the company.

Question: Eric Sheridan - Goldman Sachs International - Analyst : Yeah. And I don't want to put either of you on the spot, but -- so it sounds like that's a continuation of those priorities going forward. And when you think about M&A, how do you think about what the decision process is around M&A? Not to say like what you would do, but what typically are the types of situations that would get in front of you where you have to make a decision about this would be an accelerant of our business. This would amplify what we're trying to do. Just to better flesh out or inform some of the capital allocation decision behind M&A.

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay. I know we only have a few minutes left, but I do want to look out over the longer term. I want to direct this to you. But also, if Michael wants to come in, that's fine as well. But just what are -- we talked -- we started with your priorities for the medium to long term. Bring it back to, if we're having this conversation in three, four, five years, which I hope you're here in three, four, five years, we're having this conversation.

Question: Eric Sheridan - Goldman Sachs International - Analyst : What would we be looking back and saying were your biggest priorities to execute against and how you're aligning strategy against those priorities?

Question: Eric Sheridan - Goldman Sachs International - Analyst : Okay. A lot to execute against. We look forward to continue to get updates from you.

Question: Eric Sheridan - Goldman Sachs International - Analyst : Please join me in thanking Corsair Gaming for being part of the conference.