GameStop Corp. (NYSE:GME) delivered a strong Q2, beating both revenue and earnings estimates with $972.2 million in revenue and $0.25 in EPS. Hardware sales were a standout, rising more than 60 percent year over year. The Collectibles segment also showed continued strength, generating $227.6 million and surpassing Software in contribution. Other operating markets posted gains as well, including Europe. Operating loss narrowed compared to prior quarters, supported in part by tighter cost controls and reduced operating expenses.
The company’s balance sheet remains robust, with more than $8 billion in cash and equivalents still largely undeployed. However, the absence of a Q&A session left investors without clarity on long-term strategy, fueling speculation instead. This may have been by design, as CEO Ryan Cohen appears content to let the narrative around GameStop remain driven by market sentiment and retail enthusiasm.
For more details, key highlights, and commentary, check out the high-level earnings summary.
