NYSE$GME

GameStop Corp. · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

GameStop reports record quarterly net income of $389.6 million for the first quarter ended May 2, 2026.

GameStop Corp. delivered its strongest first-quarter results in company history, with net sales rising 14% year-over-year to $835.3 million driven by collectibles growth. Operating income reached a record $143.3 million and net income hit $389.6 million, boosted by investment gains. The company ended the quarter with $9.7 billion in cash, marketable securities, digital assets and related items, and authorized a new $2 billion share repurchase program.

  • Net sales increased 14% to $835.3 million, led by collectibles sales growth.
  • Record net income of $389.6 million and operating income of $143.3 million for the quarter.
  • Adjusted operating income of $140.5 million and adjusted net income of $179.3 million.
  • Strong liquidity position with $9.7 billion in cash, securities, digital assets and collateral; new $2B buyback authorization approved.

Headline financials

Total Revenue

$835M

Previous: $732M+14.0%
EPS (adj)

$0.66

Previous: $0.09+633.3%
Adjusted net income

$179M

No prior period
SG&A expenses

$202M

No prior period
Adjusted operating income

$141M

No prior period
Capital Expenditures

-$4.5M

Previous: -$2.9M-55.2%
Free Cash Flow

$333M

Previous: $41.9M+694.5%
Net Income

$390M

Previous: $44.8M+769.6%
Operating Income

$143M

Previous: -$10.8M+1426.9%
Gross Profit

$340M

Previous: $253M+34.6%
Cash & Equivalents

$7.4B

Previous: $6.39B+15.8%
Total Assets

$11B

Previous: $7.5B+46.3%

Revenue & EPS history

GameStop · Revenue · Quarterly

$835M

Q1 2026+14%vs Q1 2025
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

GameStop · $1.19B total across 3 segments · Q3 2023

  • Hardware & Accessories
    $627M-6.4%
  • Software
    $352M-19.0%
  • Collectibles
    $207M+7.9%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-2.7%

Avg return

Earnings day

-4.5%

Avg return

5 days after

-3.9%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+41.5%

Q4 2022

Best reaction

-46.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%-2.2%
Q4 2025+1.8%+5.4%
Q3 2025+0.8%-4.4%-8.1%
Q2 2025-0.7%+8.2%-1.2%
Q1 2025+2.0%-0.7%+1.3%
Q4 2024+11.7%-12.1%+8.1%
Q3 2024+3.7%+0.2%+18.0%
Q2 2024-14.9%-14.8%-13.8%
Q1 2024-46.7%-45.3%-48.1%
Q4 2023-12.9%-17.2%-25.9%
Q3 2023+9.7%+1.1%+7.0%
Q2 2023-1.8%-11.5%-21.6%
Q1 2023-13.2%-1.6%-8.0%
Q4 2022+41.5%+42.1%+19.9%
Q3 2022+6.0%-3.1%-29.6%
Q2 2022+2.7%+16.3%+0.8%
Q1 2022+7.4%+2.7%-1.1%
Q4 2021+4.5%+41.8%+73.6%
Q3 2021-12.4%-23.0%-20.9%
Q2 2021+0.1%+2.2%-13.2%
Q1 2021-26.5%-23.5%-36.3%
Q4 2020-38.1%-6.9%-22.3%
Q3 2020-16.4%-18.6%+10.6%
Q2 2020-19.2%-10.3%+56.1%
Q1 2020+1.6%-5.8%-16.0%
Q4 2019+1.9%-16.1%+14.4%
Q3 2019-12.7%-13.9%-12.3%
Q2 2019-3.4%-7.4%+6.1%
Q1 2019-32.6%-32.8%-28.9%
Q4 2018-6.9%-4.9%-15.4%
Q3 2018-8.8%-10.1%-18.2%
Q2 2018-1.0%-0.6%-9.7%
Q1 2018+2.1%+8.8%+8.6%
Q4 2017-8.9%-7.6%-0.1%
Q3 2017+5.6%+6.0%+12.2%
Q2 2017-9.7%-12.7%-6.8%
Q1 2017-2.1%-0.6%-9.1%
Q4 2016-14.0%-9.8%-3.7%
Q3 2016+11.1%+10.1%+6.8%
Q2 2016-9.3%-10.2%-11.1%
Q1 2016-3.1%-2.1%-14.8%
Q4 2015-0.9%
Q3 2015-3.5%
Q2 2015-6.3%
Q1 2015+9.9%
Q4 2014-3.6%
Q3 2014-13.1%
Q2 2014+3.9%
Q1 2014+4.0%
Q4 2013+4.3%
Q3 2013-4.9%
Q2 2013+8.4%
Q1 2013-11.4%
Q4 2012+12.6%
Q3 2012+8.9%
Q2 2012+8.9%
Q1 2012-8.4%
Q4 2011+0.9%
Q3 2011+0.9%
Q2 2011-1.9%
Q4 2009+1.1%
Q1 2010+1.1%
Q1 2011+3.5%
Q4 2008+0.7%
Q4 2010+0.7%
Q3 2010-0.9%
Q3 2009-0.9%
Q2 2009+0.5%
Q2 2010+0.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro