How GME Performed After Recent Earnings
Live Blog Update #1 Published
← Back to Full Coverage: Live: GameStop (GME) Earnings Out Soon, Will The Stock Move Higher?
| Quarter | EPS Surprise | 1-Day Move | 7-Day Move | 14-Day Move |
|---|---|---|---|---|
| Q1 2025 | +325% | –5.31% | –22.19% | –21.46% |
| Q4 2024 | +275% | +1.35% | –3.81% | –3.54% |
| Q3 2024 | +300% | +0.29% | –1.37% | +3.34% |
| Q2 2024 | +112% | –1.91% | +3.86% | –8.47% |
All Updates from Live Coverage
Live
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Bullish: Fortress balance sheet + Bitcoin optionality
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Bearish: Core gaming hardware/software in secular decline
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Neutral: Absent strategy from management limits conviction.
Live
GameStop did not issue forward guidance in the release. Analysts had been modeling FY2026 revenue of $3.52B and EPS of $0.73; no formal update means Street models stay in place.
| Metric | Prior Consensus | New Guidance | Status |
|---|---|---|---|
| FY26 Revenue | $3.52B | N/A | ⚖️ Flat |
| FY26 EPS | $0.73 | N/A | ⚖️ Flat |
Live
Collectibles now make up nearly a quarter of sales, SG&A leverage drove profitability, and the fortress balance sheet provides both security and optionality.
| KPI | Q2 2025 | Q2 2024 | YoY Change |
|---|---|---|---|
| Net Sales | $972.2M | $798.3M | +21.8% |
| Gross Margin | 29.1% | 31.2% | –210 bps |
| SG&A | $218.8M | $270.8M | –19% |
| Net Income | $168.6M | $14.8M | >10x |
| Collectibles Mix | 23.4% | 17.5% | +590 bps |
| Cash & Securities | $8.7B | $4.2B | +106% |
| Bitcoin Holdings | $528.6M | N/A | New |
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| Metric | Reported | Consensus | Beat/Miss |
|---|---|---|---|
| Revenue | $972.2M | $823.3M | ✅ Beat |
| EPS (Adj.) | $0.31 | $0.16 | ✅ Beat |
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Guidance: Not provided (no update in release).
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Analyst Take: GameStop crushed expectations with revenue up 22% YoY and adjusted EPS nearly doubling Street forecasts. Massive cash pile ($8.7B) and $528M Bitcoin position give optionality, but the print raises fresh volatility questions given digital asset exposure.
Stock up 2.4% so far and more movement likely.
Live
GameStop will close the day out on a high note before earnings are released. Despite being down 23% in 2025, the stock has creeped higher the past month. Numbers will be coming shortly as well as our input on this past quarter.
Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.
He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.
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