GameStop Corp. released its financial results for the second quarter ended August 1, 2026, reporting a record level of operating income for the period. The company reported net sales of $790.2 million for the quarter, a decrease from the $972.2 million recorded in the prior year's second quarter. The decline was attributed to the prior-year launch of the Nintendo Switch 2, planned store closures, and the divestiture of the company's France operations.
Despite the drop in overall sales, the company highlighted a significant growth in its collectibles segment. Collectibles net sales reached $356.3 million, representing 45.1% of total net sales. This figure represents a 57% increase from the prior year, where collectibles sales were $227.6 million and accounted for 23.4% of net sales.
On the income statement, GameStop reported operating income of $160.2 million for the second quarter. This amount is the highest second-quarter operating income in the company's history and compares favorably to the $66.4 million reported in the prior year. Net income for the quarter was $298.7 million, up from $168.6 million in the prior year.
As of August 1, 2026, GameStop maintained a strong balance sheet. The company held $5.4 billion in cash, cash equivalents, marketable securities, and digital assets and related receivables. This included $5.1 billion in cash, cash equivalents, and marketable securities, as well as $0.3 billion in digital assets. Additionally, the company held approximately 43.4 million shares of eBay common stock with a fair value of approximately $4.9 billion.
Regarding its fiscal year 2026 outlook, GameStop raised its adjusted EBITDA guidance to in excess of $650 million. This represents an increase from the previous outlook of in excess of $600 million provided on June 26, 2026. The company noted that adjusted EBITDA for the first six months of fiscal year 2026 was $339.7 million.
