GameStop Q2 2026: record operating income $160.2M, raises FY26 EBITDA outlook to >$650M

GameStop Corp.

Net sales $790.2M, down from $972.2M YoY; collectibles up 57% to $356.3M, 45.1% of sales.
Operating income $160.2M (record Q2), up from $66.4M; adjusted operating income $158.7M.
Net income $298.7M vs $168.6M; adjusted net income $161.1M vs $138.3M.
Cash and investments $5.4B; holds 43.4M eBay shares worth ~$4.9B.
Retired ~$1.4B convertible notes; long-term debt now ~$2.8B; FY26 Adjusted EBITDA outlook raised to >$650M.

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