Q2 26 EPS
$0.25
BEAT +61.29%
Est. $0.16
Q2 26 Revenue
$972.2M
BEAT +18.09%
Est. $823.2M
vs S&P Since Q2 26
-4.1%
TRAILING MARKET
GME +6.4% vs S&P +10.5%
Market Reaction
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 millio… Read more 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. Investors watching closely 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
GME YoY Financials
Q2 2026 vs Q2 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% |