Companies /Consumer Cyclical

Gamestop Corporation - Class A

NYSE: GME Specialty Retail
$17.96
▼ $0.29 (−1.60%) today
Markets open · 3:03pm ET

Q2 2026 Earnings

Reported Sep 9, 2025, 4:07pm ET · SEC source
$0.25
Beat +61.29%
EPS · est. $0.16
$972.2M
Beat +18.09%
Revenue · est. $823.2M
−4.5%
Trailing market
GME vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%Sep 9Sep 10report 4:07pm ETearnings+0.4%+2.2%
0+4%+8%Sep 9Sep 10earnings+0.4%+2.2%
GME +2.2%S&P 500 +0.4%
0+5%+10%Sep 9Sep 10report 4:07pm ETearnings+0.2%+2.2%
0+5%+10%Sep 9Sep 10earnings+0.2%+2.2%
GME +2.2%NASDAQ +0.2%
−4%0+4%+8%Sep 8Sep 17report 4:07pm ETearnings+1.3%+6.7%
−4%0+4%+8%Sep 8Sep 17earnings+1.3%+6.7%
GME +6.7%S&P 500 +1.3%
−4%0+4%+8%Sep 8Sep 17report 4:07pm ETearnings+1.6%+6.7%
−4%0+4%+8%Sep 8Sep 17earnings+1.6%+6.7%
GME +6.7%NASDAQ +1.6%
+3.31%
Day of report
+1.97%
Next session
+7.10%
One week
−4.39%
30 days

S&P 500 over the same 30 days: +0.12%.

Did GME Beat Earnings? Q2 2026 Results

GameStop delivered a blowout second quarter of fiscal 2025, posting adjusted diluted EPS of $0.25 against a Wall Street consensus of $0.15, a 61.29% beat, while revenue climbed 21.8% year-over-year to $972.20 million, well ahead of the $823.25 million analysts had expected. <a href="https://247wallst.com/investing/2025/09/09/live-gamestop-gme-earnings-out-soon-will-the-stock-move-higher/">Investors watching closely</a> saw the results vindicate a dramatic operational turnaround, as the company swung to $66.40 million in GAAP operating income from a $22.00 million operating loss a year earlier, powered by aggressive cost cuts that brought SG&A expenses down to $218.80 million from $270.80 million. The balance sheet was reshaped equally as dramatically, with $2.70 billion in convertible debt proceeds pushing cash to $8.69 billion and a $500.00 million Bitcoin purchase adding a new strategic dimension. Looking ahead, GameStop announced a special warrant dividend that could generate up to approximately $1.90 billion in gross proceeds if fully exercised, with those funds earmarked for investments and potential acquisitions, signaling the company's ambitions extend well beyond its retail roots.

Key Takeaways
  • Net sales increased 21.8% year-over-year to $972.2 million
  • SG&A expenses reduced by $52 million year-over-year to $218.8 million
  • Swing from operating loss of $22.0 million to operating income of $66.4 million
  • Hardware and accessories sales grew significantly, driving revenue increase
  • Collectibles sales surged from $139.4 million to $227.6 million
  • Interest income of $79.6 million from cash and investment portfolio
  • Unrealized gain on digital assets of $28.6 million from Bitcoin holdings

Forward Guidance & Outlook

GameStop announced a special warrant dividend distribution that could raise up to approximately $1.9 billion in gross proceeds if all warrants are exercised, which the company intends to use for general corporate purposes, including making investments consistent with its Investment Policy and potential acquisitions.

GME YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$300.0M$600.0M$900.0M$798.3M$972.2MRevenue$248.8M$283.1MGross Profit$13.2M$66.4MOperating Income$14.8M$168.6MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

GME Revenue by Segment

Hardware and Accessories$592.1M
Collectibles$227.6M
Software$152.5M

GME Revenue by Geography

United States$724.6M
Australia$140.9M
Europe$106.7M

Figures from SEC filings and company reports. Not investment advice.