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Get filing alertsGameStop posts record Q2 operating income of $160.2M, raises FY26 Adjusted EBITDA outlook to over $650M
Filed September 8, 2026 · Period ending September 8, 2026 · ~1 min read
Key Changes
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Q2 operating income of $160.2 million was the highest second quarter in company history, up from $66.4 million a year ago.
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Collectibles net sales grew 57% year over year to $356.3 million, now 45.1% of total net sales versus 23.4% a year ago.
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Company raised fiscal 2026 Adjusted EBITDA outlook excess of $650 million, up from prior outlook of over $600 million.
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As of August 1, 2026, GameStop held about 43.4 million eBay shares worth roughly $4.9 billion, plus $5.4 billion in cash, securities, and digital assets.
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Retired about $1.4 billion of 0% convertible notes due 2030 and 2032, cutting total long-term debt to approximately $2.8 billion.
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Summary
GameStop reported its second quarter fiscal 2026 results on September 8, 2026, with operating income of $160.2 million—the highest second quarter in the company's history and up from $66.4 million a year earlier. The quarter was driven by a 57% jump in collectibles net sales to $356.3 million, which now account for 45.1% of total net sales, up from 23.4% a year ago.
The company also raised its full-year Adjusted EBITDA outlook to over $650 million, up from a prior target of over $600 million. Beyond operations, GameStop disclosed a significant investment position: approximately 43.4 million shares of eBay common stock valued at about $4.9 billion as of August 1, 2026. The company also reported $5.4 billion in cash, cash equivalents, marketable securities, and digital assets.
Additionally, GameStop completed privately negotiated exchanges on September 3, 2026, retiring about $1.4 billion of its 0% convertible senior notes due 2030 and 2032, reducing total long-term debt to approximately $2.8 billion. For retail investors, the results show a company shifting its sales mix toward higher-growth collectibles while maintaining a strong balance sheet and reducing debt. The raised EBITDA guidance suggests management sees continued momentum through the rest of the fiscal year.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
GameStop announced Q2 FY2026 financial results via press release furnished as Exhibit 99.1.
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On September 8, 2026, GameStop Corp. (the “Company”) issued a press release announcing its financial results for its second quarter ended August 1, 2026.
The company furnished its Q2 FY2026 earnings press release as Exhibit 99.1. The 8-K itself does not include the financial figures; those are in the attached exhibit.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 9, 2026 · How we verify