🟢 GameStop Corp. is trading 8.5% up today on record Q1 results and $2.0B buyback plan

GameStop Corp. is trading 8.5% up at $22.69 after reporting record first-quarter 2026 results and outlining a major capital return plan.

• The company posted a sharp swing to record Q1 net income, driven by a 65% jump in collectibles revenue.
• The board approved a $2.0 billion share repurchase authorization and discussed a potential share count reduction.
• Investors are cheering the aggressive capital return strategy despite the company's decision not to provide formal forward guidance.