GameStop Corp. (GME) Q2 FY2026 earnings

Reported results

• Net sales were $790.2 million, compared to $972.2 million in prior year Q2; GAAP operating income was $160.2 million vs. $66.4 million prior year.
• Collectibles net sales grew 57% year-over-year to $356.3 million, representing 45.1% of net sales vs. 23.4% in prior year.
• GAAP net income was $298.7 million vs. $168.6 million prior year; non-GAAP adjusted net income was $161.1 million vs. $138.3 million prior year.
• Non-GAAP adjusted EBITDA was $174.0 million for Q2 vs. $75.7 million prior year; non-GAAP adjusted EBITDA for first six months was $339.7 million.
• Cash, cash equivalents, marketable securities and digital assets totaled $5.4 billion as of August 1, 2026; eBay common stock investment valued at $4.9 billion.
• SG&A expenses were $187.1 million vs. $218.8 million prior year; free cash flow (non-GAAP) was $60.7 million vs. $113.3 million prior year.

Guidance

• For fiscal year 2026 (ending January 30, 2027), company raised non-GAAP Adjusted EBITDA outlook to in excess of $650 million, up from prior outlook of in excess of $600 million provided June 26, 2026.

Notes

Company completed private negotiated exchanges on September 3, 2026 retiring approximately $1.4 billion aggregate principal of convertible notes, reducing total long-term debt to approximately $2.8 billion. Beginning Q2 2026, company reports net sales in three categories (Collectibles, Video Games, Pre-Owned and Refurbished); prior periods recast to conform. Non-GAAP reconciliations provided in Schedule II.

Price and volatility reaction

The stock moved -1.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -6.2 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-08 (8-K, Item 2.02). Read the original filing on sec.gov.