Best Buy and GameStop both reported results for the quarter ended May 2, 2026. Best Buy posted revenue of $8.9 billion and a net income margin of 3%, while GameStop recorded revenue of $835.3 million and a net income margin of 47%. GameStop also achieved its highest quarterly net income in history at $389.6 million, driven by cost management, higher revenue, and gains on investments such as Bitcoin. Best Buy's sales edged up from $8.8 billion in the prior-year quarter, while GameStop's revenue grew 14% year-over-year, helped by collectibles. The two specialty retailers continue to navigate shifts in consumer behavior, with Best Buy diversifying across product categories and GameStop facing a decline in its core video game business.
Best Buy Co. IncBest Buy reported Q2 revenue of $8.9B and net income margin of 3%, with sales edging up from prior year.
GameStop Corp.GameStop reported record quarterly net income of $389.6M, driven by cost management, higher revenue, and investment gains.
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