GameStop Corp. Second Quarter 2026 Results
GameStop Corp. reported adjusted earnings of $0.27 per share for the second quarter of fiscal 2026, surpassing the consensus estimate of $0.19. Revenue for the quarter was $790.2 million, exceeding the analyst forecast of $756.8 million, although it represented an 18.7 % year‑over‑year decline from $972.2 million in the prior year’s second quarter. The company attributed the revenue contraction to the prior‑year launch of the Nintendo Switch 2, planned store closures, and the divestiture of its France operations.
Collectibles net sales rose sharply, reaching $356.3 million, a 57 % increase from the comparable quarter last year and now accounting for 45.1 % of total net sales, up from 23.4 % in the prior year. Operating income climbed to $160.2 million, the highest second‑quarter operating income in GameStop’s history, compared with $66.4 million in the same quarter a year earlier. Following the announcement, GameStop’s shares slipped 0.4 % in after‑hours trading on Tuesday.
The company also raised its fiscal‑year‑2026 adjusted EBITDA outlook to “in excess of $650 million,” up from the previous guidance of “in excess of $600 million” issued on June 26 2026. Adjusted EBITDA for the second quarter was $174.0 million, more than double the $75.7 million recorded in the prior year’s quarter.
As of August 1 2026, GameStop held total cash, cash equivalents, marketable securities, digital assets and related receivables of $5.4 billion. It also owned approximately 43.4 million shares of eBay Inc. common stock, valued at roughly $4.9 billion. On September 3 2026, GameStop completed privately negotiated exchanges that retired about $1.4 billion of aggregate principal on convertible senior notes, thereby reducing total long‑term debt to approximately $2.8 billion.