- GameStop Q2 operating income rose to $160.2 million from $66.4 million, with net income at $298.7 million and diluted GAAP EPS of $0.51, as SG&A fell to $187.1 million from $218.8 million.
- Collectibles revenue climbed 57% year over year to $356.3 million and represented 45.1% of total sales, while total net sales fell to $790.2 million from $972.2 million.
- GameStop raised its FY2026 adjusted EBITDA outlook to in excess of $650 million from more than $600 million.
- CEO Ryan Cohen bought 700,000 Class A shares at an average price of $24.41 on October 2, bringing his direct stake to roughly 41.6 million shares; directors Nat Turner and Lawrence Cheng also purchased shares.
- GME traded at $24.77 on October 6, down 1.82% from the prior close, within a 52-week range of $17.79 to $26.88.
Quotes
“GameStop stock (ISIN US36467W1099) was trading at USD 24.77 on the NYSE on October 6, 2026, down 1.82 percent from the prior close of USD 25.23.”
“Collectibles revenue rose 57 percent year over year to USD 356.3 million in Q2/2026, up from USD 227.6 million, and represented 45.1 percent of total sales.”
“The purchase brought Cohen's direct stake to approximately 41.6 million shares, reinforcing his long-standing posture as the company's most prominent bull.”