GameStop Corp. is trading at $23.05 (+10%) in pre-market after reporting record first-quarter 2026 results and a $2.0 billion share buyback authorization.
- The company posted $835.3 million in net sales and $389.6 million in net income, with collectibles revenue jumping 65% year over year.
- Management authorized a $2.0 billion buyback program, signaling strong confidence in the company's capital position and future growth.
- Operating income reached $143.3 million for the quarter, reflecting a significant improvement in operational efficiency.