GameStop (GME) Q1 2026 Earnings

Yes. GameStop reported Q1 2026 earnings of $0.30 a share on Jun 2, 2026, beating the $0.16 consensus estimate by 87.5%. Revenue was $835.3M.

GameStop delivered a standout first quarter for fiscal 2026, with adjusted diluted EPS of $0.30 beating the $0.16 consensus by 87.50%, extending the company's run of consensus beats to seven consecutive quarters. Net sales climbed 14.1% year-over-year to $835.30 million, propelled by an explosive surge in the collectibles category, which jumped to $348.90 million from $211.50 million a year ago and drove gross margin to 40.7% from 34.5%. On a GAAP basis, net income reached $389.60 million, reflecting a $268.40 million unrealized gain on derivative assets tied to economic exposure to eBay common stock, which also underscores GameStop's increasingly investment-centric identity under CEO Ryan Cohen. SG&A expenses fell to $201.60 million from $228.10 million, further amplifying operating leverage. Free cash flow surged to $333.10 million, and the company's total liquidity stack, encompassing cash, marketable securities, digital assets, and derivative-related collateral, reached approximately $9.70 billion. The board also authorized a new $2.00 billion share repurchase program, reinforcing confidence in ongoing capital return capacity even as GameStop pursues its proposed acquisition of eBay.