GameStop Q2 sales fall 18.7% to $790.2 million; net income $298.7 million; EBITDA outlook raised

GameStop reported second-quarter fiscal 2026 results for the 13 weeks ended August 1, 2026. Net sales fell 18.7% to $790.2 million, while net income rose to $298.7 million from $168.6 million, and operating income was $160.2 million compared with $66.4 million. The company raised its fiscal 2026 adjusted EBITDA outlook to more than $650 million from more than $600 million, and said it completed exchanges retiring about $1.4 billion of convertible notes on September 3.

• Net sales $790.2M, down 18.7% from $972.2M
• Net income $298.7M and diluted EPS $0.51, versus $168.6M and $0.31
• Operating income $160.2M versus $66.4M; a $75.0M loss on digital assets and related receivables
• Fiscal 2026 adjusted EBITDA outlook raised to in excess of $650M; first-half adjusted EBITDA $339.7M
• Cash, securities, digital assets and related receivables $5.4B; long-term debt about $2.8B after the exchange

SEC filing 8-K · accession 0001326380-26-000050 · sec.gov ↗