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.

GameStop amended its exchange agreements for $1.4 billion in convertible notes due to terminate the remaining reference period, fixing total share issuance at approximately 55.5 million shares and settling the remainder in cash. Existing noteholders will receive approximately $358.4 million in cash, funded from on-hand liquidity, representing roughly 27% of the amended consideration value. The transaction is expected to close around September 3, 2026, leaving approximately $2.8 billion in aggregate notes outstanding. Concurrently, GameStop reported preliminary second-quarter results showing net sales between $780 million and $800 million against a prior-year $972.2 million, driven by the Nintendo Switch 2 launch, store closures, and divestitures. Operating income is projected at $150 million to $170 million, with net income expected between $290 million and $310 million, aided by approximately $238 million in gains from an eBay equity investment.

On July 7, 2026, GameStop Corp. stockholders approved Amendment No. 2 to the Third Amended and Restated Certificate of Incorporation, increasing the number of authorized shares of Class A Common Stock to 2,500,000,000. At the 2026 Annual Meeting, stockholders also elected five directors, approved executive compensation on an advisory basis, and ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending January 30, 2027. The company operates in the retail industry, specializing in the sale of video games, consumer electronics, and gaming accessories.

GameStop Corp. expects to generate Adjusted EBITDA in excess of $600 million for fiscal year 2026, an increase from $345.4 million in fiscal year 2025. This outlook is based on consumer demand, supply chain conditions, and cost initiative execution. GameStop Corp. is a retailer of video games, hardware, and collectibles.

GameStop Corp. announced on June 23, 2026, that it was withdrawing the proposed CEO performance award proposal from its proxy statement at the request of Mr. Cohen. GameStop Corp. is a specialty retail company that sells video games, hardware, and related consumer electronics.