GameStop Discloses Second Quarter 2026 Results
GameStop posted record Q2 operating income of $160.2 million, up from $66.4 million a year ago, on net sales of $790.2 million versus $972.2 million in the prior-year quarter. The sales decline reflects the prior-year Nintendo Switch 2 launch, planned store closures, and the divestiture of the France operations. Collectibles drove the profit inflection: net sales grew 57% year over year to $356.3 million and now represent 45.1% of total sales, while adjusted EBITDA more than doubled to $174.0 million. The company raised its fiscal 2026 Adjusted EBITDA outlook to more than $650 million from a prior floor of $600 million.
Key figures
- Eps
- GAAP diluted $0.51 (basic $0.67); adjusted diluted $0.27
- Revenue
- 790200000
- Guidance
- FY2026 Adjusted EBITDA in excess of $650 million, raised from prior outlook of in excess of $600 million (June 26, 2026)
- Revenue Yoy
- -18.7%
- Net income
- 298700000
- Gross margin
- 43.7%
- Gross profit
- 345000000
- Adjusted ebitda
- 174000000
- Ebay shares held
- 43400000
- Ebay stake value
- $4.9 billion
- Operating income
- 160200000
- Free cash flow h1
- 393600000
- Free cash flow q2
- 60700000
- Adjusted ebitda yoy
- +130%
- Adjusted net income
- 161100000
- Net income prior year
- 168600000
- Video games net sales
- 263200000
- Collectibles net sales
- 356300000
- Adjusted ebitda h1 fy26
- 339700000
- Collectibles growth yoy
- 57%
- Collectibles pct of sales
- 45.1%
- Convertible notes retired
- $1.4 billion
- Adjusted ebitda prior year
- 75700000
- Diluted weighted avg shares
- 592600000
- Operating income prior year
- 66400000
- Long term debt after exchange
- $2.8 billion
- Cash securities digital assets
- $5.4 billion
AI analysis
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