Correction, 18 September 2026: an earlier version of this post described June 2, 2026 as the end of the quarter. It is the date the results were reported.
What changed
$GME reported earnings on June 2, 2026. EPS came in at $0.30, up from $0.17 in the same period a year earlier, a 76.5% year-over-year increase. Revenue grew 14.1% over the same stretch. The company provided no guidance commentary alongside the release.
The trailing P/E sits at 14.3, which looks modest on the surface. The forward P/E of 28.2 tells a different story: the market is pricing in a meaningful earnings step-down from here, or at minimum a return to a slower run rate.
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What it means
The headline numbers are genuinely good. A 20.4% net margin and an ROE of 14.1% show that GameStop is running a tight operation on what revenue it has. The FCF yield of 6.9% adds to that picture. These are not the numbers of a company bleeding cash.
The ACCE score sits at 59/100. The breakdown is telling: Growth scores 76, Value 69, Quality 74. Those three are solid. Momentum scores 17, which reflects the stock's recent trajectory. $GME is down 15.3% over the past year and trades at $19.16 against a 6-model fair value of $17.60, putting it roughly 8.1% above that composite estimate. The analyst consensus target of $13.50 is more bearish still.
One flag worth noting: the data labels earnings quality as "concerning." That sits in tension with the strong margin and FCF figures, and it's worth watching how future quarters develop before treating this earnings pop as a clean trend.
The quarter reported on June 2, 2026 shows a business that is profitable and generating cash. The gap between the operating fundamentals and the Momentum score of 17 suggests the market hasn't warmed to the story yet, whatever the income statement says. For current pricing and score updates, see acceinvestments.com/stocks/GME.
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