StockDriftsGameStop Corp. · GME · 10-Q · Filed
Q2 Revenue Down 18.7%, Net Income Up 77.2%, $2B Share Repurchase Authorized
GME
10-Q
Earnings
Source: SEC EDGAR, accession 0001326380-26-000055
What did GameStop Corp. announce?
GameStop reported Q2 net sales decreased 18.7% to $790.2 million year-over-year, while net income increased 77.2% to $298.7 million, and authorized a new $2.0 billion share repurchase program.
Key details
- Net sales for the three months ended August 1, 2026, decreased 18.7% to $790.2 million from $972.2 million in the prior year period.
- Net income for the quarter increased 77.2% to $298.7 million, up from $168.6 million in the prior year period.
- Diluted EPS was $0.51 for the quarter, compared to $0.31 in the prior year.
- Board approved a new discretionary $2.0 billion share repurchase authorization.
Reported results
| Measure | Reported |
|---|---|
| Period | Q2 FY2026 |
| Revenue | $790.2M |
| Revenue, year ago | $972.2M |
| Revenue growth, YoY | -18.7% |
| Gross margin | 43.7% |
| Diluted EPS | $0.51 |
| Reporting currency | USD |
Figures as reported by GameStop Corp. in this filing, in USD. Year-over-year growth is calculated from the two revenue lines above.
Why it matters
This 10-Q reports a results announcement at GameStop Corp.. The likely share-price reaction reads as neutral.
Neutral