GameStop has forecast net sales of between $780 million and $800 million for its second quarter ended August 1, 2026, down from $972.2 million a year earlier, citing the Nintendo Switch 2 launch, planned store closures, and the sale of its French operations. Despite the revenue decline, the retailer expects operating income of $150 million to $170 million, up from $66.4 million, and net income of $290 million to $310 million, compared with $168.6 million previously. The net income projection includes roughly $238 million in net gains from its derivative asset and eBay equity investment, partially offset by an estimated $75 million loss on digital assets. Cash and marketable securities are expected to total $5.05 billion to $5.07 billion, down from $8.69 billion, with about 43.4 million eBay shares valued at $4.94 billion held as of August 1. GameStop plans to publish full results on September 8, 2026, following reports it was weighing abandoning its $55.5 billion takeover bid for eBay in favor of a partnership.
GameStop Corp.GameStop forecasts Q2 revenue decline due to Nintendo Switch 2 launch, store closures, and sale of French operations.
eBay IncGameStop's net income includes gains from eBay equity investment, but the article focuses on GameStop's forecast, not eBay's own performance.
Nintendo Co., Ltd.