--- title: "GameStop Sets September 8 Earnings Date as eBay Stake Boosts Second Quarter Profits" type: "News" locale: "en" url: "https://longbridge.com/en/news/298035812.md" description: "GameStop set its Q2 FY2026 earnings date for September 8, with preliminary net income projected at $290-$310 million, driven by $238 million in gains from its eBay stake. Despite rising profits and operating income to $150-$170 million, core store sales declined to $780-$800 million due to closures and high comparisons. The company holds $8.4 billion in cash and approved a $2 billion buyback. TipRanks AI rates the stock 'Outperform' with a $24 target." datetime: "2026-09-04T11:41:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298035812.md) - [en](https://longbridge.com/en/news/298035812.md) - [zh-HK](https://longbridge.com/zh-HK/news/298035812.md) generator: "portal-rs" --- # GameStop Sets September 8 Earnings Date as eBay Stake Boosts Second Quarter Profits GameStop (GME) plans to release its full Fiscal 2026 second quarter earnings report on September 8. Preliminary numbers released on August 31 show quarterly net income reaching $290 million to $310 million, up from $168.6 million a year earlier. Investment gains did most of the work to lift profits. GameStop logged roughly $238 million in net gains from its equity stake and derivative positions in online marketplace eBay (EBAY). A $75 million loss on digital assets slightly reduced those returns. As of August 1, GameStop held 43.4 million shares of eBay common stock, valued at $4.95 billion. ## **GameStop's Core Store Sales Actually Shrunk** While profits rose, core store sales continued to shrink. Second quarter sales fell to between $780 million and $800 million, down from $972.2 million in the prior year. Planned store closures, the sale of its French operations, and high comparisons from last year's Nintendo Switch 2 launch drove the top-line drop. The firm continues to pivot away from shrinking brick-and-mortar game sales toward managing its investment portfolio. Even with lower revenue, expected operating income rose to between $150 million and $170 million, up from $66.4 million last year. ## GameStop Holds a Large Cash Cushion GameStop holds a large cash cushion alongside its equity investments. Total cash and marketable holdings reached $8.4 billion at the end of the first quarter. Management also approved a $2 billion share buyback program running through June 2029. To limit future share dilution, GameStop recently exchanged a portion of its convertible notes using stock and $358.4 million in cash. Investors will watch the September 8 report closely to see how leadership intends to deploy its near $5 billion eBay stake and cash reserves to rebuild retail operations. ## **Is GameStop a Good Stock to Buy?** Since no Wall Street human analysts cover GameStop stock, investors can look at the TipRanks AI analyst for clues. The TipRanks AI gives GameStop a 71 rating with an Outperform tag and sets a target price of $24.00, implying a 24.80% gain. The AI tool likes GameStop's strong profits and high free cash flow, which give management cash to pay down debt and invest. On the downside, the AI warns about technical chart weakness, remaining debt risks, and possible share dilution from future big business moves. ### Related Stocks - [GME.US](https://longbridge.com/en/quote/GME.US.md) - [GMEU.US](https://longbridge.com/en/quote/GMEU.US.md) - [EBAY.US](https://longbridge.com/en/quote/EBAY.US.md) - [GMEY.US](https://longbridge.com/en/quote/GMEY.US.md) - [GME+.US](https://longbridge.com/en/quote/GME+.US.md) ## Related News & Research - [eBay Just Gave GameStop Stock a Boost. Here's What to Know.](https://longbridge.com/en/news/297551707.md) - [BUZZ-GameStop gains after revising $1.4 bln debt exchange](https://longbridge.com/en/news/297512732.md) - [GameStop (GME) Stock Looks Cheap On Earnings But Broader Checks Stay Mixed](https://longbridge.com/en/news/297811370.md) - [$100 Invested In eBay 15 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/297562350.md) - [What's Happening with GameStop Stock?](https://longbridge.com/en/news/297799606.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**