GameStop reported second-quarter net income of $298.7 million, or 51 cents per share, while revenue fell 18.7% to $790.2 million. Sales exceeded the $756.85 million analyst consensus estimate, and adjusted earnings of 27 cents per share met Wall Street expectations in the newly supplied report. Earlier information had put the adjusted earnings consensus at 19 cents, meaning the company exceeded that estimate. Collectibles generated $356.3 million, up 57% from a year earlier, becoming GameStop's largest sales category at 45.1% of net sales. Operating income reached a record second-quarter $160.2 million, and the company raised its fiscal 2026 adjusted EBITDA outlook to in excess of $650 million from more than $600 million. GameStop shares rose 5.43% to $19.10 in Wednesday trading, outperforming broader U.S. equity benchmarks and the consumer discretionary sector. The stock remained below its 50-day and 200-day simple moving averages despite trading above its 20-day average.