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GameStop's fiscal 2026 first quarter (the 13 weeks ended May 2, 2026) paired double-digit sales growth with a sharp swing to record operating profitability. Net sales rose 14% to $835.3 million from $732.4 million, driven by collectibles, which climbed to $348.9 million, or 41.8% of sales, from $211.5 million, while core hardware and accessories ($333.7 million) and software ($152.7 million) kept declining. Operating income reached a first-quarter record of $143.3 million, versus a $10.8 million operating loss a year earlier, as gross margin expanded to 40.7% from 34.5% and SG&A fell to $201.6 million from $228.1 million. GAAP net income hit a record $389.6 million ($0.66 diluted EPS) from $44.8 million, though the jump was heavily non-operating -- a $268.4 million unrealized gain on the eBay derivative asset and $83.7 million of net interest income -- with adjusted net income of $179.3 million versus $73.1 million. GameStop ended the quarter with $9.7 billion of cash, marketable securities and digital assets, approved a $2.0 billion share repurchase authorization, provided no forward guidance and held no earnings call.
What GME and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Represents unrealized gain on put and call option transactions, net of related expenses, entered into by the Company that provide economic exposure to shares of eBay Inc. common stock.”
GameStop holds put and call option positions giving it economic exposure to eBay common stock, which produced a $268.4 million unrealized gain this quarter, a sizable derivative stake in eBay's equity.
“the Company's ability to complete its proposed acquisition of eBay Inc.”
GameStop discloses a pending proposed acquisition of eBay, signaling GME is pursuing an M&A combination with the e-commerce marketplace.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.28B | -28.5% | $0.29 | +38.1% | 6.2% | 10.2% | $159M |
| FY2025 Q1 | $732M | -16.9% | $0.09 | +181.8% | -1.5% | 6.1% | $190M |
| FY2025 Q2 | $972M | +21.8% | $0.31 | +711.5% | 6.8% | 17.3% | $113M |
| FY2025 Q3 | $821M | -4.6% | $0.13 | +227.5% | 5.0% | 9.4% | $107M |
| FY2025 Q4 | $1.10B | -13.9% | $0.24 | -17.2% | 13.1% | 11.6% | $187M |
| FY2026 Q1Selected | $835M | +14.0% | $0.66 | +633.3% | 17.2% | 46.6% | $333M |
| FY2026 Q2 | $790M | -18.7% | $0.51 | +64.5% | 20.3% | 37.8% | $61M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q2 2026Earnings call Jun 2, 2026
FY2026 Q1 in brief
GameStop's fiscal 2026 first quarter (the 13 weeks ended May 2, 2026) paired double-digit sales growth with a sharp swing to record operating profitability.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for GameStop Corp. (GME), FY2026 Q1: 8/10. Scores: GameStop Corp.’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: GME daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
GAAP revenue YoY +14.1% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
GME GameStop Corp. | 8 | +14.1% | |
| AMZN Amazon.com, Inc. | 9 | +19.6% | |
| AZO AutoZone | 7 | +8.4% | |
| BABA Alibaba Group Holding Limited | 6 | +8.3% | |
| BBY Best Buy | 6 | +1.9% | |
| CASY Casey's General Stores, Inc. | 9 | +14.5% | |
| EBAY eBay | 8 | +14.8% | |
| GPC Genuine Parts Company | 6 | +6.0% | |
| MELI MercadoLibre | 7 | +49.8% | |
| ORLY O'Reilly Automotive | 8 | +8.1% | |
| PDD PDD Holdings | 6 | +8.1% | |
| TSCO Tractor Supply | 2 | +2.3% | |
| ULTA Ulta Beauty | 8 | +11.1% | |
| WSM Williams-Sonoma | 6 | +4.3% |