GameStop previews Q2 net income of $290 million to $310 million, including about $238 million of eBay gains

GameStop gave preliminary second-quarter fiscal 2026 figures for the 13 weeks ended August 1, 2026. It expected net sales of $780 million to $800 million, down from $972.2 million, and operating income of $150 million to $170 million, against $66.4 million a year earlier. Net income was expected at $290 million to $310 million, including about $238 million of net gains on the eBay position, partly offset by a loss of about $75 million on digital assets. Full results were scheduled for September 8.

• Net sales $780M to $800M, versus $972.2M a year earlier
• Operating income $150M to $170M, versus $66.4M
• Net income $290M to $310M, versus $168.6M
• About $238M net gain on the eBay derivative asset and equity investment; about $75M loss on digital assets
• Cash, cash equivalents and marketable securities $5.05B to $5.07B, versus $8.69B a year earlier