Q1 26 EPS
$0.17
BEAT +325.00%
Est. $0.04
Q1 26 Revenue
$732.4M
MISS 2.89%
Est. $754.2M
vs S&P Since Q1 26
-28.6%
TRAILING MARKET
GME -8.8% vs S&P +19.8%
Market Reaction
Did GME Beat Earnings? Q1 2026 Results
GameStop delivered a striking earnings reversal in Q1 fiscal 2026, posting adjusted diluted EPS of $0.17 against a consensus estimate of just $0.04, a beat of 325.00%, even as revenue of $732.40 million fell short of the $754.23 million estimate and … Read more GameStop delivered a striking earnings reversal in Q1 fiscal 2026, posting adjusted diluted EPS of $0.17 against a consensus estimate of just $0.04, a beat of 325.00%, even as revenue of $732.40 million fell short of the $754.23 million estimate and declined 16.9% year-over-year. The most material driver behind the profit turnaround was a dramatic shift in sales mix toward collectibles, which surged to $211.50 million and expanded gross margin to 34.5% from 27.7%, while aggressive SG&A cuts to $228.10 million from $295.10 million and $56.90 million in interest income from a $6.39 billion cash position further padded the bottom line. Net income swung to $44.80 million from a loss of $32.30 million a year earlier, and free cash flow reached $189.60 million. The quarter also drew attention for GameStop's post-period purchase of 4,710 Bitcoin, a treasury pivot that has prompted some investors to question whether the company's growing capital base is being deployed in shareholders' best interests.
Key Takeaways
- • SG&A expense reduction from $295.1 million to $228.1 million year-over-year
- • Gross margin expansion to 34.5% from 27.7%
- • Collectibles sales growth to $211.5 million from $136.8 million
- • Interest income of $56.9 million from large cash position
- • International restructuring and divestitures
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 | $0.04 | $0.17 | +325.00% | $732.4M | -2.89% |
| Q4 25 BEAT FY | $0.08 | $0.49 | +512.50% | $1.10B | -25.26% |
| FY Full Year | $0.07 | $1.18 | +1,585.71% | $3.63B | -9.66% |