GameStop Q1 Net Income Soars 770% to $389.6M, EPS Jumps to $0.66
GME is trading near its 52-week low of $19.93 (13% above the low).
Summary
GameStop reported exceptionally strong Q1 2026 results, with net income soaring 769.6% year-over-year to $389.6 million and diluted EPS jumping to $0.66. Revenue increased 14% to $835.3 million, driven by a 65% surge in collectibles sales and an 11.6% reduction in SG&A expenses. This robust profitability follows the company's return to full-year profitability in fiscal 2025 and its recent aggressive M&A attempts. The board has now directed an investment committee to pursue acquisitions and other investments, indicating a strategic deployment of its growing cash reserves.
At the time of this announcement, GME was trading at $22.43 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $19.93 to $30.60. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.