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GameStop shares rise 4% as collectibles sales jump 57% and a director buys $1M in stock.

Company Fundamentals
09 Sep 2026
24/7 Wall Street
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Bullish
GameStop shares rise 4% as collectibles sales jump 57% and a director buys $1M in stock.

GameStop's stock rose 4% following a strong fiscal Q2 report driven by a 57% increase in collectibles sales, which now form a higher-margin part of its business. The company reported adjusted earnings per share of $0.27, beating estimates, despite overall revenue falling due to factors like store closures and divestitures. A director purchased $1 million in shares the same day, signaling confidence in the results. The shift towards collectibles is reshaping GameStop's profit mix, but investors remain cautious as the stock is still down 2% year-to-date and the broader gaming sector showed no lift. Future performance will depend on sustained growth in collectibles and updated analyst estimates.

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GameStop's Q2 earnings reveal 100% upside potential as collectibles dominate revenue and margins soar.

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