GameStop Corp. reported second quarter fiscal 2026 results ending August 1, 2026, with net sales of $790.2 million and operating income of $160.2 million, the highest second-quarter operating income in company history. Net income reached $298.7 million, driven by a $166.3 million gain on derivative assets and a $4.9 billion unrealized gain on its eBay investment. Collectibles sales grew 57% year-over-year to $356.3 million, representing 45.1% of total revenue. The company raised its full-year fiscal 2026 Adjusted EBITDA outlook to exceed $650 million from the previous guidance of over $600 million. Additionally, GameStop completed the retirement of approximately $1.4 billion in convertible senior notes on September 3, 2026, reducing total long-term debt to roughly $2.8 billion. The company operates as a retailer specializing in video games, consumer electronics, and collectibles.
