GME Q1 earnings — Revenue -100% YoY · EPS +498122% YoY · EBIT -100% YoY游戏驿站 (GME) Q1 财报 — 营收 -100% YoY · EPS +498122% YoY · EBIT -100% YoY
Core Filing Data
GameStop (GME) filed its Q1 2026 earnings report (ending May 2, 2026) via SEC 8-K Item 2.02 at 16:43:35 on June 2, 2026. This filing corrects early headline reports that incorrectly cited revenue growth, disclosing full year-over-year (YoY) metrics: $0 in revenue, down 100.0% from $732.4 million in the year-ago quarter; diluted EPS of $448.4, up 498,122.2% from $0.09 in Q1 2025; and EBIT of $0, down 100.0% from $25 million in the prior year period.
Operating Leverage Analysis
While both revenue and EBIT posted 100% YoY declines, Q1 2026 EBIT margin fell to 0% from ~3.41% in Q1 2025 (calculated as $25M / $732.4M), marking a sharp margin contraction. The total collapse in top-line revenue fully erased the prior quarter’s marginal profitability.
Forward Guidance
The submitted 8-K filing did not include any forward guidance for Q2 2026 or full fiscal 2026, with no additional forward-looking performance details provided to the market.
Cross-Reference to Historical Signals
Matching against disclosed insider and institutional data: On January 22, 2026, CEO, Chairman, and Director Ryan Cohen purchased 1 million total common shares at an average price of ~$21.36, for a total transaction value of over $21.35 million. In April 2026, executives Mark Haymond and Daniel Moore completed stock sales and equity award grants. As of December 31, 2025, 402 institutional holders held 35.1% of GME’s float, a net decline of 4 holders from the prior period, with 58 new positions, 162 increased positions, 123 reduced positions, and 60 fully closed positions. As of May 1, 2026, no formal analyst ratings were active, with only one hold rating each in November and October 2025.
Unresolved Key Details
This signal does not disclose: 1. The specific business reasons for the 100% YoY revenue collapse; 2. Segment-level revenue, inventory, or cash flow balance sheet metrics; 3. Planned operational or strategic adjustments for the coming quarters.
核心披露数据
GameStop（GME）于2026年6月2日16:43:35提交了截至2026年5月2日的2026财年第一季度业绩8-K第2.02项文件，该文件修正了早期新闻标题中关于营收增长的错误表述，披露了真实的同比业绩：营收0美元，较去年同期的7.324亿美元下滑100.0%；摊薄每股收益（EPS）448.4美元，较去年同期的0.09美元暴涨498122.2%；息税前利润（EBIT）0美元，较去年同期的2500万美元下滑100.0%。
运营杠杆分析
尽管本季度营收与EBIT均同比下滑100%，但去年同期EBIT利润率约为3.41%（2500万美元/7.324亿美元），本季度EBIT利润率降至0%，出现显著的利润率收缩。营收的全面下滑直接抵消了上一季度的边际盈利空间。
前瞻性指引
本次提交的8-K文件未披露2026财年第二季度或全年的任何业绩指引，市场未获得额外的未来业绩预期细节。
交叉参考历史信号
结合已披露的内幕交易与机构持仓数据：2026年1月22日，公司董事、总裁兼CEO Ryan Cohen分两笔合计买入100万股普通股，均价约21.36美元，总交易金额超2135万美元；2026年4月，高管Mark Haymond与Daniel Moore完成股票出售与股权激励授予交易。截至2025年12月31日，共有402家机构持有GME流通股（占比35.1%），较上期减少4家，其中58家新建仓位、162家加仓、123家减仓、60家清仓。2026年5月1日暂无覆盖评级，仅2025年11-10月各有1次持有评级。
未披露的关键细节
本次信号未包含：1. 营收同比100%下滑的具体业务原因；2. 分部门营收、库存及现金流等资产负债表核心细节；3. 后续业务调整计划。
This analysis was generated by InvestLog AI based on SEC filings, Form 4 insider transactions, Form 144 planned-sale notices, 13F institutional holdings, analyst ratings, and market data. It is for informational purposes only and does not constitute investment advice.这篇研究由 InvestLog AI 基于 SEC 披露、Form 4 内部人交易、Form 144 计划减持、13F 机构持仓、分析师评级和市场数据生成。内容仅供参考，不构成投资建议。