Filing Flows › GameStop (GME) › Q2 FY27
GameStop (GME) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 9, 2026
GameStop (GME) reported revenue of $790M for the second quarter fiscal 2027 (Q2 FY27), -19% from a year earlier and -5% from the quarter before. Operating margin was 20.3%, net earnings $299M (37.8% of revenue).
GameStop, Q2 FY27: revenue $790M (-19% year over year), operating margin 20.3%, net earnings $299M, operating cash flow $62.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $790M | -5% | -19% |
| Gross profit | $345M | +1% | +22% |
| Operating profit | $160M | +12% | +141% |
| Net earnings | $299M | -23% | +77% |
| Operating cash flow | $62.4M | -82% | -47% |
| Free cash flow | $60.7M | -82% | -46% |
What changed
Revenue was $790.2M in Q2 FY27, down 19% year over year and down 5% from the previous quarter. Collectibles was the largest line at 45% of revenue. Video Games lost $231.4M year over year (down 47%), 127% of the total change.
Gross margin was 43.7%, up 14.5 points from Q2 FY26. Operating profit was $160.2M, a 20.3% margin (up 13.4 points year over year). Operating expenses fell 15% while revenue fell 19%. Net earnings were $298.7M, up 77% year over year. The effective tax rate was 28.9%. Non-operating items added $260.0M, 62% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $62.4M (down 47% year over year), 21% of net earnings. Non-cash charges added back $7.3M of share-based compensation. Working capital and other items used $243.6M. Capital expenditures of $1.7M left free cash flow of $60.7M.
Questions
What was GameStop's revenue in the second quarter fiscal 2027?
GameStop (GME) reported revenue of $790M for the second quarter fiscal 2027 (Q2 FY27), -19% from a year earlier and -5% from the quarter before.
Was GameStop profitable in the second quarter fiscal 2027?
Operating profit was $160M (20.3% of revenue) and net earnings $299M.
Source: GameStop 10-Q on SEC EDGAR.