GameStop issued a significant guidance hike after hours, lifting its FY26 EBITDA target to $600M — roughly double what it posted in FY25. The company generated $3.6B in revenue for the fiscal year ended January 2026, though that figure represents a 5.1% decline year-over-year. Gross margins sit at 33% and net margins at 11.5%, with diluted EPS of $0.77.

The EBITDA upgrade is the headline number and it's a big one on the surface, but the context matters: GME's core business is a structurally declining brick-and-mortar gaming retailer. A near-doubling of EBITDA guidance while revenues are falling suggests aggressive cost-cutting or margin expansion rather than top-line growth — which limits the durability of the improvement.

GME remains a meme-adjacent name with a retail-driven shareholder base, meaning after-hours price moves can be exaggerated and fade quickly when institutional traders reassess. There is no sell-side consensus to benchmark against here in the traditional sense — the stock trades on sentiment as much as fundamentals.

The key things to watch: whether management explains the EBITDA bridge (cost cuts vs. mix shift vs. new revenue streams like Bitcoin treasury activity), how the stock opens relative to the after-hours spike, and whether volume confirms conviction or flags a short-squeeze dynamic. The $0.77 EPS figure is not trivial for a company many assumed was burning cash, but the revenue trajectory is the long-term bear case that hasn't changed.