Take-Two reported a massive beat in Q2 FY2026, driven by strong NBA 2K26 performance, a resilient mobile portfolio, and higher recurrent consumer spending. The company raised its full-year net bookings guidance for the second straight quarter, and management struck a confident tone about the future, though the announcement of a GTA VI delay to next November loomed over the call. Q2 FY26 net bookings beat guidance by over $200 million, reaching a record $1.96 billion.
Take-Two reported a massive beat in Q2 FY2026, driven by strong NBA 2K26 performance, a resilient mobile portfolio, and higher recurrent consumer spending. The company raised its full-year net bookings guidance for the second straight quarter, and management struck a confident tone about the future, though the announcement of a GTA VI delay to next November loomed over the call. Q2 FY26 net bookings beat guidance by over $200 million, reaching a record $1.96 billion.
Take-Two reported a massive beat in Q2 FY2026, driven by strong NBA 2K26 performance, a resilient mobile portfolio, and higher recurrent consumer spending. The company raised its full-year net bookings guidance for the second straight quarter, and management struck a confident…
Guidance · revenue to $6.45B
Management repeatedly emphasizes record results, raised guidance, and confidence in the pipeline, while acknowledging the GTA VI delay with a focus on delivering quality.
Reported gross margin was 55.28%, reinforcing the quarter's better-than-guided profitability.
NBA 2K26 RCS grew 45% and set records. Management repeatedly emphasizes record results, raised guidance, and confidence in the pipeline, while acknowledging the GTA VI delay with a focus on delivering quality.
Management raised capital expenditure guidance to approximately $180 million, above prior guidance due to the acquisition of an office building to support its global footprint.
Management repeatedly emphasizes record results, raised guidance, and confidence in the pipeline, while acknowledging the GTA VI delay with a focus on delivering quality.
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| Capex | FY2026 | $180M | $180M | RAISED |
| Free cash flow | FY2026 | $250M | $250M | RAISED |
| Revenue | FY2026 | $6.4B–$6.5Babove vs consensus | $6.45B | RAISED |
| Revenue | FY2026 Q3 | $1.55B–$1.6B | $1.575B | MAINTAINED |
| Issued | Metric | Target | Guide | Actual | Outcome |
|---|---|---|---|---|---|
| FY2026 Q3 | Revenue | FY2026 Q4 | $1.51B–$1.56B | $1.6798B | Met / beat |