GameStop Raises FY26 EBITDA Guidance as Profit Margins Surge

Key Facts

1GameStop's Q2 adjusted EBITDA margin surged to 22% following a 130% year-over-year increase.

2Management raised FY26 EBITDA guidance to at least $650 million, driven by cost-cutting and collectibles growth.

3The collectibles segment now accounts for 45% of total revenue, growing 57% year-over-year.

GameStop's adjusted EBITDA margin surged to 22% in the second quarter following a 130% year-over-year increase. Seeking Alpha reported that management raised its FY26 EBITDA guidance to at least $650 million, a move attributed to aggressive SG&A cost-cutting and strategic exits from underperforming markets.

The collectibles segment now accounts for 45% of total revenue after growing 57% year-over-year, providing a fundamental floor despite overall revenue declines. Regarding market performance, GME closed at $26.56 on October 9, 2026, having traded between a session low of $24.9 and a high of $26.76.