GameStop Corp. (NYSE:GME) reported financial results for the second quarter before the market open on Tuesday. Here’s a rundown of the report.
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GameStop Q2 Highlights
GameStop reported second-quarter revenue of $790.20 million, beating analyst estimates of $756.85 million The company reported adjusted earnings of 27 cents per share for the quarter, in line with analyst estimates
Total revenue was down approximately 18.72% on a year-over-year basis, driven by the prior-year launch of Nintendo Switch 2, planned store closures and the divestiture of the company’s France operations.
Beginning this quarter, GameStop started reporting net sales in three categories (Collectibles, Video Games, and Pre-Owned and Refurbished). Here’s a breakdown of revenue by category:
- Collectibles: $356.3 million, up from $227.6 million year-over-year
- Video Games: $263.2 million, down from $494.6 million year-over-year
- Pre-Owned and Refurbished: $170.7 million, down from $250 million year-over-year
The Collectibles category stood out with 57% year-over-year growth, representing 45.1% of total net sales in the period.
Operating income totaled $160.2 million in the quarter, representing the highest second quarter operating income in company history. The strong operating performance prompted GameStop to raise its fiscal 2026 adjusted EBITDA outlook to “in excess” of $650 million, up from a prior outlook of more than $600 million.
GameStop said it ended the quarter with $5.4 billion in total cash, cash equivalents, marketable securities, digital assets and related receivables. The company noted that it held approximately 43.4 million shares of eBay common stock at quarter’s end.
GME Shares Move Higher Tuesday
GME Price Action: GameStop shares were up 1.10% on Tuesday, trading at $19.37 at the time of publication
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