GameStop stock gained 2.45 percent as Q2 profit jumped 77.2 percent

Published on 10/05/2026 at 13:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GameStop stock posted USD 790.2 million in second-quarter revenue and USD 298.7 million in net income. Adjusted EBITDA reached USD 174.0 million.

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GameStop stock (ISIN US36467W1099) was last at USD 24.70 on the NYSE on October 2, 2026, up 2.45 percent, as the market weighed stronger profitability against lower sales. The company had reported second-quarter results on September 8, with GameStop raising its adjusted EBITDA outlook for fiscal 2026.

Profit growth meets weaker sales

For the 13 weeks ended August 1, 2026, net sales were USD 790.2 million, down from USD 972.2 million in the comparable period. The decline reflected the prior year's Nintendo Switch 2 launch, planned store closures and the divestiture of the France business, according to GameStop.

Net income increased from USD 168.6 million to USD 298.7 million, while operating income rose from USD 66.4 million to USD 160.2 million. Adjusted EBITDA reached USD 174.0 million versus USD 75.7 million a year earlier, showing that cost control and product mix are carrying more weight than headline sales.

Collectibles become the growth engine

Collectibles revenue grew 57 percent year over year to USD 356.3 million and represented 45.1 percent of quarterly sales. Video game revenue was USD 263.2 million, or 33.3 percent of sales, while pre-owned and refurbished products generated USD 170.7 million.

The margin shift is equally important: gross margin reached 43.7 percent, compared with 29.1 percent in the prior-year quarter. GameStop also reported USD 5.4 billion in cash, marketable securities, digital assets and related receivables as of August 1, 2026, alongside a USD 4.9 billion eBay equity investment.

Insider buying meets cautious coverage

Ryan Cohen bought 450,000 GameStop shares on September 29, 2026, at an average USD 23.48, investing USD 10.6 million and bringing his direct holdings to 40,948,522 shares, as Yahoo Finance reported. The purchase followed additional September acquisitions and adds an insider signal to the company's earnings narrative.

MarketBeat lists a Hold consensus based on one covering analyst. That cautious view contrasts with management's raised fiscal 2026 adjusted EBITDA outlook, which now stands above USD 650 million versus a prior level above USD 600 million.

GameStop stock stays below its yearly high

GameStop stock was last at USD 24.70 on the NYSE on October 2, 2026, at 4:00 p.m. ET. Its 52-week range was USD 17.79 to USD 26.88, with a market capitalization of USD 11.1 billion and volume of 13,125,473 shares.