Earnings Call
Aug 7, 2026
Q2 FY2026
EPS Estimate
0.33
EPS Actual
0.18
Post-Earnings Close
$253.57
Earnings Reaction
+2.9%
Take-Two's fiscal second quarter was defined by a bookings number that simply overwhelmed expectations. Net bookings of $1.96 billion, against guidance of $1.70, $1.75 billion and a consensus closer to $1.73 billion, represent the best second quarter in company history and a beat of roughly 13% at the midpoint of guidance. The outperformance was broad-based: NBA 2K26 sold in over 5 million units with recurrent consumer spending up 45%, Mafia: The Old Country exceeded internal targets, and the mobile portfolio delivered mid-teens growth with several titles posting records. Borderlands 4 was the one soft spot, with PC optimization issues dampening the launch, though management expressed confidence in lifetime unit economics. GAAP net revenue rose 31% to $1.77 billion, and the company raised its full-year net bookings outlook for the second consecutive quarter, now guiding to $6.4, $6.5 billion, implying roughly 14% growth over fiscal 2025 at the midpoint.
Report generated on Aug 7, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
Read the full TTWO analysis
The complete report, with key themes, analyst Q&A summary, notable quotes, and market context — is free with an account. No password, no card.