Q1 26 EPS
$0.30
BEAT +87.50%
Est. $0.16
Q1 26 Revenue
$835.3M
BEAT +10.75%
Est. $754.2M
Did GME Beat Earnings? Q1 2026 Results
GameStop Corp. Delivered a standout first quarter for fiscal 2026, reporting adjusted earnings of $0.30 per diluted share on revenue of $835.30 million, a 14% increase from $732.40 million a year ago, as a rapid shift toward higher-margin collectible… Read more GameStop Corp. Delivered a standout first quarter for fiscal 2026, reporting adjusted earnings of $0.30 per diluted share on revenue of $835.30 million, a 14% increase from $732.40 million a year ago, as a rapid shift toward higher-margin collectibles reshaped the company's financial profile. The collectibles category, encompassing apparel, toys, trading cards, and authentication services, surged to $348.90 million from $211.50 million, now representing 41.8% of total sales, and helped drive gross margin expansion to 40.7% from 34.5%. Operating income swung to $143.30 million from an operating loss of $10.80 million, aided by a $26.50 million reduction in SG&A expenses to $201.60 million despite the stronger top line. GAAP net income reached $389.60 million, though that figure included a $268.40 million unrealized gain tied to derivative positions linked to GameStop's proposed acquisition of eBay. Free cash flow climbed to $333.10 million, and the board authorized a new $2.00 billion share repurchase program through June 2029.
Key Takeaways
- • Collectibles revenue surged 65% YoY, becoming the largest product category at 41.8% of sales
- • Gross margin expanded to 40.7% from 34.5% driven by favorable sales mix shift toward collectibles
- • SG&A expenses reduced by $26.5 million year-over-year despite revenue growth
- • Unrealized gain of $268.4 million on derivative asset related to eBay economic exposure
- • Interest income of $83.7 million from large cash and investment portfolio
GME YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
GME Revenue by Segment
With YoY comparisons, source: SEC Filings
GME Revenue by Geography
With YoY comparisons, source: SEC Filings
GME Earnings Trends
GME vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GME EPS Trend
Earnings per share: estimate vs actual
GME Revenue Trend
Quarterly revenue: estimate vs actual
GME Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 | — | — | — | — | — |
| Q3 26 BEAT | $0.20 | $0.24 | +20.00% | $821.0M | -16.84% |
| Q2 26 BEAT | $0.16 | $0.25 | +61.29% | $972.2M | +18.09% |
| Q1 26 BEAT | $0.16 | $0.30 | +87.50% | $835.3M | +10.75% |
| Q4 25 BEAT FY | $0.37 | $0.49 | +32.43% | $1.10B | -24.71% |
| FY Full Year | $0.07 | $1.18 | +1,585.71% | $3.63B | -9.66% |