---
schema_version: "secwatch.filing_event.v1"
accession: "0001326380-26-000020"
form_type: "8-K"
ticker: "GME"
cik: "0001326380"
company_name: "GameStop Corp."
filed_at: "2026-06-02T20:43:35+00:00"
generated_at: "2026-06-02T20:44:07.902704+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GameStop Q1 record net income $389.6M, revenue up 14%, new $2B buyback

## Summary
- Net income of $389.6M vs $44.8M last year; highest quarterly net income in history.
- Net sales $835.3M, up 14% YoY; collectibles drove growth.
- Operating income $143.3M (record Q1) vs operating loss of $10.8M last year.
- Cash, marketable securities, digital assets, and collateral total $9.7B.
- Board authorized $2.0B share repurchase through June 2, 2029, replacing prior authorization.

## SEC filing metadata
- accession: 0001326380-26-000020
- form_type: 8-K
- ticker: GME
- cik: 0001326380
- company_name: GameStop Corp.
- filed_at: 2026-06-02T20:43:35+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326380/000132638026000020/0001326380-26-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326380/000132638026000020/gme-20260602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001326380-26-000020
- JSON: https://secwatch.observer/filing/0001326380-26-000020.json
- Plain text: https://secwatch.observer/filing/0001326380-26-000020.txt

## Source-grounded claims
- claim_id: e2b10ab9e52f277a88e02cfa5818f4427d132d08
  claim: GameStop Corp. reported first quarter ended May 2, 2026 results: revenue $835.3 million, net income $389.6 million.
  evidence_excerpt: Net sales were $835.3 million for the first quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326380/000132638026000020/0001326380-26-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.