GameStop Q2 FY26 net income rises 78.69% to $290 million-$310 million; net sales fall 17.71% to $780 million-$800 million

Cash, cash equivalents and marketable securities are expected at $5.05 billion-$5.07 billion, down from $8.69 billion a year earlier.

GameStop said it converted an eBay-related derivative into equity, holding 43,400,000 shares valued at about $4.95 billion. Results include $238 million in net gains and a $75 million digital-asset loss.

GameStop posted preliminary second-quarter results, with net sales expected at $780 million-$800 million, down 17.7%-19.8% year over year.

Operating income is seen at $150 million-$170 million, more than doubled from $66.4 million a year earlier.

Net income is forecast at $290 million-$310 million, up 72%-84% from $168.6 million in the prior-year quarter.