Filing Flows › GameStop (GME) › Q2 FY26
GameStop (GME) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 9, 2025
GameStop (GME) reported revenue of $972M for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +33% from the quarter before. Operating margin was 6.8%, net earnings $169M (17.3% of revenue).
GameStop, Q2 FY26: revenue $972M (+22% year over year), operating margin 6.8%, net earnings $169M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $972M | +33% | +22% |
| Gross profit | $283M | +12% | +14% |
| Operating profit | $66.4M | — | — |
| Net earnings | $169M | +276% | 11× |
| Operating cash flow | $117M | -39% | +71% |
| Free cash flow | $113M | -40% | +73% |
What changed
Revenue was $972.2M in Q2 FY26, up 22% year over year and up 33% from the previous quarter. Hardware and accessories was the largest line at 61% of revenue. Hardware and accessories added $140.9M year over year (up 31%), 81% of the total change. Software declined 27%.
Gross margin was 29.1%, down 2.0 points from a year earlier. Operating profit was $66.4M, a 6.8% margin (up 9.6 points year over year). Operating expenses fell 20% while revenue rose 22%. Net earnings were $168.6M, up 1039% year over year. The effective tax rate was 3.4%. Non-operating items added $108.2M, 62% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $117.4M (up 71% year over year), 70% of net earnings. Non-cash charges added back $6.3M of share-based compensation. Working capital and other items used $57.5M. Capital expenditures of $4.1M left free cash flow of $113.3M.
Questions
What was GameStop's revenue in the second quarter fiscal 2026?
GameStop (GME) reported revenue of $972M for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +33% from the quarter before.
Was GameStop profitable in the second quarter fiscal 2026?
Operating profit was $66.4M (6.8% of revenue) and net earnings $169M.
Source: GameStop 10-Q on SEC EDGAR.