GameStop Corp. 8-K
PositiveEarnings
Collectibles drove sales growth, while an unrealized derivative gain boosted record quarterly GAAP net income.
Filed 2026-06-02 16:43 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q1 2026 results and a new share repurchase authorization. Sales grew 14% Y/Y, driven by collectibles, and GameStop reported record quarterly net income. A $268.4M unrealized gain on a derivative asset contributed to GAAP earnings; adjusted results exclude that gain.
Key Figures
| Metric | Q1 2026 | Q1 2025 | Y/Y |
|---|---|---|---|
| Revenue | $835M | $732M | +14% |
| Operating income (loss) | $143M | $(10.8)M | n/m |
| Adjusted operating income (non-GAAP) | $141M | $27.5M | +411% |
| Net income | $390M | $44.8M | +770% |
| Adjusted net income (non-GAAP) | $179M | $83.1M | +116% |
| Diluted EPS | $0.66 | $0.09 | +633% |
| Adjusted diluted EPS (non-GAAP) | $0.30 | $0.17 | +76% |
| Operating cash flow | $338M | $193M | +75% |
| Free cash flow (non-GAAP) | $333M | $190M | +76% |
- Collectibles sales were $349M, up from $212M, driving the sales increase. The release’s overview gives prior-year adjusted net income as $73.1M, while its reconciliation gives $83.1M; the table uses the reconciliation figure.
- Cash, cash equivalents, marketable securities, digital assets and related receivables, and collateral pledged for a derivative asset totaled $9.7B at quarter-end. Long-term debt was $4.17B on the balance sheet, vs $1.48B a year earlier.
- The board approved a discretionary $2.0B share repurchase authorization through 6/2/2029, replacing the 2019 authorization.
Guidance
No guidance in this filing.
Investor Takeaways
- Watch whether collectibles-led sales growth continues in the next quarter.
- Future repurchases and the share count will show whether the new authorization translates into capital returns.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3