GameStop Q1 sales rise 14% to $835.3 million on collectibles; net income $389.6 million
GameStop reported first-quarter fiscal 2026 results for the 13 weeks ended May 2, 2026. Net sales rose 14% to $835.3 million, driven by collectibles, while hardware and software sales declined. Net income was $389.6 million against $44.8 million a year earlier, and operating income was $143.3 million compared with an operating loss of $10.8 million. The board also approved a new $2.0 billion share repurchase authorization running to June 2, 2029.
- Net sales $835.3M, up 14% from $732.4M
- Collectibles $348.9M (up about 65% from $211.5M); hardware and accessories $333.7M (down about 3%); software $152.7M (down about 13%)
- Net income $389.6M and diluted EPS $0.66, versus $44.8M and $0.09
- Operating income $143.3M versus a $10.8M operating loss; SG&A $201.6M versus $228.1M
- Cash, securities, digital assets and collateral $9.7B; new $2.0B buyback through June 2, 2029 replaces the 2019 authorization
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Source
SEC (GameStop Form 8-K, Exhibit 99.1)Jun 2, 2026
SEC filing 8-K · accession 0001326380-26-000020 · sec.gov ↗