GameStop

Q2 FY2027 EarningsQ2 FY27 beat consensus across key bottom-line metrics, despite a revenue miss of $790.2M vs. $756.9M expected (adjusted for reporting lags). Diluted EPS of $0.51 significantly exceeded the $0.27 mean estimate, driven by a non-operating gain of $166.3M from derivative assets and a 14.6pct YoY expansion in gross margin to 43.7%. The collectibles segment now represents 45.1% of sales, effectively pivoting the business model as legacy video game hardware sales declined 46.8% YoY. While no formal guidance was provided, the company remains focused on capital allocation with a $2B buyback authorization and a $4.9B equity stake in eBay.