Will GameStop (GME) Smash Q2 Estimates? Here’s What You Need to Know

GameStop's Q2 earnings drop this week—and the meme stock army is watching every digit.

The Setup

Retail traders turned GME into a cultural phenomenon. Now, the question isn't just about revenue—it's about momentum. Can the brick-and-mortar giant keep defying Wall Street's gloom?

The Numbers Game

Analysts set the bar. The company either leaps over it—or face-plants. No in-between. Traditional metrics? They barely matter when hype fuels half the valuation.

The Crypto Angle

Remember when everyone thought GameStop would pivot to blockchain or NFTs? Yeah, that quiet phase says it all—sometimes the best trade is doing nothing. Classic finance move: overpromise, underdeliver, cash the check anyway.

Closing Thought

Beating estimates could send the stock soaring—again. Missing them? Let’s just say the diamond hands might get a little sweaty.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

First off, traders will want to remember analysts’ estimates for Q2 2025. Wall Street expects GameStop to report adjusted earnings per share of 19 cents alongside revenue of $900 million. While that may seem like a tall order compared to Q2 2024’s adjusted EPS of 1 cent, there’s one vital piece of information to consider.

Video game company Nintendo (NTDOY) released its Switch 2 hybrid console on June 5, 2025. That means GameStop has had almost an entire quarter to benefit from the sales of the device, software, and accessories for it. These could be a huge catalyst for the company, as the Switch 2 quickly became the fastest-selling game console with an estimated 7 million units sold.

GameStop’s Earnings Track Record

Looking to GameStop’s earnings history, the company has a mixed chance of beating Wall Street’s estimates for Q2 2025. Its adjusted EPS has done so in six of the past eight quarters, but revenue fell short of estimates in seven of its past eight reports.

Investors appear optimistic about GME stock today, with the company’s shares up 1.86% on Monday. However, the stock has fallen 26.52% year-to-date and 6.76% over the past 12 months.

Is GameStop Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for GameStop is Moderate Sell, based on a single Sell rating over the past three months. With that comes an average GME stock price target of $13.50, representing a potential 41.41% downside for the shares.