GameStop stock falls 1.82 percent as profits stay strong

Published on 10/06/2026 at 16:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GameStop stock comes after Q2 operating income rose to USD 160.2 million from USD 66.4 million. Collectibles revenue climbed 57 percent to USD 356.3 million.

GME, US36467W1099, Illustration mit AI erstellt.

GameStop stock (ISIN US36467W1099) was trading at USD 24.77 on the NYSE on October 6, 2026, down 1.82 percent from the prior close of USD 25.23. The latest reported quarter showed a sharp split between weaker sales and much higher operating income, giving investors two very different signals to weigh.

Operating income reaches a record

According to GameStop in its September 8, 2026 release, second-quarter operating income reached USD 160.2 million for the 13 weeks ended August 1, 2026, compared with USD 66.4 million in the prior-year quarter. That increase came as selling, general and administrative expenses fell to USD 187.1 million from USD 218.8 million.

Net income reached USD 298.7 million, compared with USD 168.6 million a year earlier, while diluted GAAP earnings per share rose to USD 0.51 from USD 0.31. The result was not driven only by retail sales, because the company also reported gains tied to investments and digital assets.

Collectibles reshape the sales mix

Collectibles revenue rose 57 percent year over year to USD 356.3 million in Q2/2026, up from USD 227.6 million, and represented 45.1 percent of total sales. Video game revenue was USD 263.2 million, while pre-owned and refurbished revenue reached USD 170.7 million.

Total quarterly net sales fell to USD 790.2 million from USD 972.2 million in the prior-year quarter. GameStop raised its fiscal 2026 adjusted EBITDA outlook on September 8, 2026, to in excess of USD 650 million from more than USD 600 million previously.

Insider buying added a separate market signal. Yahoo Finance reported on October 5, 2026, that CEO Ryan Cohen bought 700,000 shares in early October and that four directors also made open-market purchases during the preceding month.

GameStop stock remains volatile

GameStop stock had a 52-week range of USD 17.79 to USD 26.88 on October 6, 2026, placing the intraday price below the yearly high while the market capitalization stood at USD 11.1 billion. Trading volume was 1,345,990 shares at the quoted time.

The price was USD 24.77 at 10:13 a.m. ET on October 6, 2026, with the session ranging from USD 24.65 to USD 25.33. The operating improvement is substantial, but the lower revenue base leaves collectibles growth and the raised EBITDA outlook as the clearest tests for the next report.