GameStop reports $389.6M net income in Q1 2026, highest quarterly result ever

GameStop achieved record quarterly net income of $389.6 million and operating income of $143.3 million in Q1 2026, with net sales growing 14% year-over-year to $835.3 million driven by collectibles. The company also announced a new $2.0 billion share repurchase authorization and increased its cash position to $9.7 billion.