Quarterly ResultJun 11, 2026, 06:16 AM
GameStop Q1 Net Sales $835.3M; Net Income $389.6M
AI Summary
GameStop Corp. reported a substantial increase in net sales and net income for the first quarter of fiscal 2026. Net sales rose to $835.3 million from $732.4 million year-over-year, while net income surged to $389.6 million ($0.66 per diluted share) from $44.8 million ($0.09 per diluted share). The company also saw a significant turnaround in operating income, moving from a loss to a profit of $143.3 million. Cash reserves grew considerably, and the company maintained a strong equity position.
Key Highlights
- GameStop reported Net sales of $835.3 million for the three months ended May 2, 2026, an increase from $732.4 million in the prior year period.
- Net income for the period was $389.6 million, or $0.66 per diluted share, compared to $44.8 million, or $0.09 per diluted share, in the prior year.
- Operating income was $143.3 million, a significant improvement from an operating loss of $10.8 million in the prior year.
- Cash and cash equivalents increased to $7,397.6 million as of May 2, 2026, from $6,385.8 million as of May 3, 2025.
- The company reported total assets of $10,974.3 million as of May 2, 2026.
- Total liabilities stood at $5,132.2 million as of May 2, 2026.
- Total stockholders' equity was $5,842.1 million as of May 2, 2026.
Price Impact
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