GameStop (GME) Earnings: Q2 Fiscal 2026 Results and Next Report Date

The quarter ended August 1, 2026 and GameStop published the results on September 8, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. GameStop reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted net income per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• GameStop's fiscal year ends on the Saturday closest to January 31. Q2 fiscal 2026 is the 13 weeks ended August 1, 2026.
• Beginning with this quarter GameStop reports net sales in three categories (Collectibles, Video Games, and Pre-Owned and Refurbished) and recast prior periods to match.
• GameStop released preliminary ranges for the quarter on August 31, 2026, alongside amendments to its convertible notes exchange, and complete results on September 8, 2026.
• GameStop completed the divestiture of its operations in France during the quarter.

Source: GameStop Q2 fiscal 2026 results, September 8, 2026. Also in the Form 10-Q for the quarter ended August 1, 2026. Figures as reported; checked against the release on November 10, 2026.

How GameStop splits revenue in its own release, under its own labels, for Q2 fiscal 2026 against Q2 fiscal 2025. Indented lines are parts of the line above them.

• GameStop's Collectibles revenue was $356 million in Q2 fiscal 2026, up 57% from $228 million in Q2 fiscal 2025, 45% of total revenue.
• GameStop's Video Games revenue was $263 million in Q2 fiscal 2026, down 47% from $495 million in Q2 fiscal 2025, 33% of total revenue.
• GameStop's Pre-Owned and Refurbished revenue was $171 million in Q2 fiscal 2026, down 32% from $250 million in Q2 fiscal 2025, 22% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

GameStop gives an Adjusted EBITDA outlook only. It does not give a sales or EPS outlook.

In its Q2 fiscal 2026 release, GameStop said:

“For the fiscal year ending January 30, 2027, the Company now expects to generate Adjusted EBITDA in excess of $650 million, an increase from its prior outlook of Adjusted EBITDA in excess of $600 million provided on June 26, 2026.”

Source: GameStop Q2 fiscal 2026 release, Sep 8, 2026.

This is the company's own guidance as of Sep 8, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the GME forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted income per share, each as first reported in that quarter's release.

GameStop's next report is expected around December 8, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2026 (this page), reported Sep 8, 2026

GameStop's net sales were $790.2 million in Q2 fiscal 2026, down 18.7% from $972.2 million. Collectibles became the largest category at $356.3 million, 45.1% of net sales against 23.4% a year earlier. Video Games brought in $263.2 million and Pre-Owned and Refurbished $170.7 million. (GameStop Q2 fiscal 2026 release, Sep 8, 2026; GameStop Form 10-Q, Q2 fiscal 2026, Sep 9, 2026)

GameStop said the decline came mainly from Video Games, down $231.4 million or 46.8%, and Pre-Owned and Refurbished, down $79.3 million or 31.7%, because the year-ago quarter had the launch of the Nintendo Switch 2, with launch-driven hardware sales and elevated trade-in activity. Collectibles rose $128.7 million, or 56.5%, mainly from continued growth in trading cards. (GameStop Form 10-Q, Q2 fiscal 2026, Sep 9, 2026)

GameStop's Collectibles category covers new and pre-owned trading cards, action figures, apparel, toys and other pop culture products, plus fees for submitting customers' trading cards to a third-party grading service. Video Games covers new hardware, accessories and software, digital currency and PC gaming products. Pre-Owned and Refurbished is used hardware, software and consumer electronics, acquired mainly through trade-ins. (GameStop Q2 fiscal 2026 release, Sep 8, 2026)

By geography, GameStop's United States segment had $608.2 million of net sales, Australia $120.9 million and Europe $61.1 million. Net sales fell 16.1% in the United States, 14.2% in Australia and 42.7% in Europe, where GameStop completed the divestiture of its France operations. GameStop closed 727 U.S. stores in fiscal 2025 and says it does not expect to close a significant number in fiscal 2026. (GameStop Q2 fiscal 2026 release, Sep 8, 2026; GameStop Form 10-Q, Q2 fiscal 2026, Sep 9, 2026)

GameStop's GAAP diluted EPS was $0.51 in Q2 fiscal 2026, against adjusted net income per diluted share of $0.27. Net income of $298.7 million included a $166.3 million gain on its eBay derivative asset and a $72.1 million unrealized gain on its eBay equity investment, partly offset by a $75.0 million loss on digital assets and related receivables from a decline in the price of Bitcoin. Adjusted net income of $161.1 million excludes all three. (GameStop Q2 fiscal 2026 release, Sep 8, 2026; GameStop Form 10-Q, Q2 fiscal 2026, Sep 9, 2026)

GameStop's operating income was $160.2 million, the highest second quarter operating income in its history, against $66.4 million. Gross profit rose to $345.0 million, or 43.7% of net sales from 29.1%, and SG&A fell to $187.1 million from $218.8 million. Net interest income added $77.1 million. (GameStop Q2 fiscal 2026 release, Sep 8, 2026)

GameStop's diluted share count was 592.6 million against 546.5 million a year earlier, while basic shares were 448.8 million. Income tax expense was $121.5 million, an effective tax rate of 28.9%, against 3.4% a year earlier. The Board approved a new $2.0 billion share repurchase authorization, and GameStop had not repurchased any shares under it as of August 1, 2026. (GameStop Q2 fiscal 2026 release, Sep 8, 2026; GameStop Form 10-Q, Q2 fiscal 2026, Sep 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

GameStop's only outlook is for Adjusted EBITDA. With Q2 fiscal 2026 results it raised its fiscal 2026 forecast to in excess of $650 million, from in excess of $600 million given on June 26, 2026. Adjusted EBITDA for the first six months was $339.7 million. GameStop gives no sales or EPS outlook. (GameStop Q2 fiscal 2026 release, Sep 8, 2026)

GameStop's 10-Q says its strategy is now focused on using its cash, capital structure and stock to acquire assets, and it held approximately 43.4 million eBay shares worth about $4.9 billion on August 1, 2026. On September 3, 2026 it retired approximately $1.4 billion of its 0.00% Convertible Senior Notes due 2030 and 2032, reducing total long-term debt to approximately $2.8 billion. (GameStop Form 10-Q, Q2 fiscal 2026, Sep 9, 2026; GameStop Q2 fiscal 2026 release, Sep 8, 2026)

A consensus figure is the average of the models published by the analysts who cover GameStop, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones GameStop's own release and filings put weight on for Q2 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning GME is on is GME a buy or a sell?, what analysts expect next is on the GME forecast, and what the company does is on the GameStop (GME) stock page.

Every number on this page can be traced to a document GameStop published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.