GameStop Corp. is trading 9.2% up at $22.84 after reporting record first-quarter 2026 net income of $389.6 million and a $2.0 billion share buyback authorization.
- Net sales reached $835.3 million for the quarter, driven by a 65% year-over-year surge in collectibles sales.
- The move marks a strong reaction to the blowout profit and capital-return announcement, pushing the stock well above its prior close of $20.92.
- The earnings release serves as the primary catalyst for the rally, which is currently being sustained on early pre-market volume.