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Take-Two Interactive Software, Inc.

Q2 FY26Entertainment

Take-Two Interactive Software, Inc. Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹218
Market cap₹40.5K Cr
P/E21.9
Updated29 May 2026
Read4 min read

Take-Two Interactive Software, Inc. Q2 FY26 key numbers

Revenue
Fiscal 2027 net bookings expected between $8 billion and $8.2 billion, approximately 20% growth over fiscal 2026, primarily due to Grand Theft Auto VI launch and portfolio success.

As stated in Take-Two Interactive Software, Inc.'s Q2 FY26 earnings call transcript · published 29 May 2026. Reported figures, not investment advice.

The short version

- Fiscal 2027 net bookings expected between $8 billion and $8.2 billion, approximately 20% growth over fiscal 2026, primarily due to Grand Theft Auto VI launch and portfolio success. - Fiscal 2027 net bookings are projected at $8.0 to $8.2 billion, about 20% growth over fiscal 2026, driven by GTA VI launch and broad portfolio execution (Page 4).

From Take-Two Interactive Software, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.

Revenue & Sales Performance

Good growth
  • Fiscal 2027 net bookings expected between $8 billion and $8.2 billion, approximately 20% growth over fiscal 2026, primarily due to Grand Theft Auto VI launch and portfolio success.
  • Recurrent consumer spending projected to be flat to fiscal 2026, with NBA 2K up high single-digits, Grand Theft Auto series up, and mobile down due to moderation in mature titles.
  • Operating cash flow forecasted to exceed $1 billion; company expects to be in net cash position by fiscal year-end.
  • Portfolio pipeline strong, with 29 titles planned through fiscal 2029, including 3 core new IPs and multiple sequels/remakes.
  • Mobile segment growth expected more moderate; no large new hits assumed for upcoming launches.
  • NBA 2K recorded record fiscal 2026 results and continues confident in sustainable recurrent consumer spending growth in fiscal 2027.

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Profitability & Margins

See what Take-Two Interactive Software, Inc. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Fiscal 2027 capital expenditures planned at approximately $200 million for game technology and office build-out.
  • The company focuses on three uses of capital: supporting organic growth, selective accretive inorganic growth, and returning capital to shareholders via opportunistic share buybacks.
  • Recent acquisitions include Zynga (2022) and Gearbox, both accretive and successful.
  • The balance sheet and P&L allow continued investment to position for growth.
  • The company expects to generate over $1 billion in operating cash flow in fiscal 2027.
  • Plans to be in a net cash position by the end of fiscal 2027, enabling future strategic investments.

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Top-ranked in Entertainment

Ranked on what management guided this quarter

Guidance-ranked
1Phantom Digital
Rev 2Mar 1
2Digikore Studios Ltd
Rev 2Mar 1
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Take-Two Interactive Software, Inc. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising
  • Fiscal 2027 net bookings projected to range from $8 billion to $8.2 billion, reflecting ~20% growth over fiscal 2026.
  • Growth mainly driven by the launch of Grand Theft Auto VI (November 19) and strong execution across the portfolio.
  • Largest contributors expected: Grand Theft Auto series, NBA 2K, Toon Blast, Match Factory!, Empires & Puzzles, Red Dead Redemption series, Words With Friends, Color Block Jam, Zynga Poker.
  • Recurrent consumer spending expected to be flat vs. fiscal 2026, with NBA 2K up high single-digits, Grand Theft Auto series up, and mobile down due to maturing Zynga titles.

2 more points from Take-Two Interactive Software, Inc.'s call on order book

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What the Q2 FY26 call signalled

4 of 4 strong

RevenueGood growth
MarginMargins slightly up
CapexCapex planned
Order bookOrder book rising

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Frequently Asked Questions

What were Take-Two Interactive Software, Inc. Q2 FY26 results?

- Fiscal 2027 net bookings expected between $8 billion and $8.2 billion, approximately 20% growth over fiscal 2026, primarily due to Grand Theft Auto VI launch and portfolio success. - Fiscal 2027 net bookings are projected at $8.0 to $8.2 billion, about 20% growth over fiscal 2026, driven by GTA VI launch and broad portfolio execution (Page 4).

What is Take-Two Interactive Software, Inc. share price analysis?

Take-Two Interactive Software, Inc. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 21.9 with a market cap of $40,451. Investors should review the full earnings analysis for detailed insights.

Is Take-Two Interactive Software, Inc. planning capital expenditure?

- Fiscal 2027 capital expenditures planned at approximately $200 million for game technology and office build-out.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.