Take-Two Interactive reports its fiscal second-quarter results on Monday, November 9, 2026, after the US market closes. It’s the last earnings report before Grand Theft Auto VI launches on November 19, so investors and gamers alike will be listening closely. Here’s what Take-Two has guided, what analysts expect, and the questions most likely to move TTWO stock.
Quick answer: Take-Two earnings are due after the close on November 9 (early on November 10 in India). The company has guided Q2 net bookings of $1.62–1.67 billion and full-year fiscal 2027 net bookings of $8.0–8.2 billion, a record driven by GTA 6. Analysts are looking for confirmation that the November 19 date holds and any early pre-order signals. Piper Sandler models more than 45 million GTA 6 copies at launch.
Take-Two earnings date and time
Take-Two will release results after the US stock market closes on November 9, followed by a conference call and webcast. In India, that means the early hours of Tuesday, November 10, IST. The report covers the quarter from July to September 2026.
Take-Two’s guidance going into the report
| Metric | Company guidance |
|---|---|
| Q2 net bookings | $1.62–1.67 billion |
| Q2 recurring consumer spending | Down about 5% |
| Q2 GAAP loss per share | $0.75–0.84 |
| Fiscal 2027 net bookings | $8.0–8.2 billion (record) |
| Fiscal 2027 operating cash flow | More than $1 billion |
Take-Two’s fiscal 2027 runs to March 31, 2027, so it includes GTA 6’s launch window. Before launch, the quarters are expected to be quieter, and marketing costs for GTA 6 weigh on profits. That’s why a GAAP loss for Q2 is part of the plan, not a surprise.
What analysts expect from GTA 6
- Wall Street consensus for fiscal 2027 net bookings has been cited at about $8.53 billion, above the top of Take-Two’s own range. That suggests analysts think the guidance is cautious.
- Piper Sandler rates the stock Overweight with a $290 price target and models more than 45 million GTA 6 copies at launch.
- Morgan Stanley’s analyst has suggested about 40 million GTA 6 copies in fiscal 2027.
For context, GTA V sold 11.2 million copies in its first day of sell-in in 2013. Our post on the records GTA 6 has already broken covers what it could beat next.
Five questions for the Take-Two earnings call
- Is November 19 locked? After past delays, any firm confirmation will matter. Rockstar has already set the pre-load for November 10, which is a strong sign.
- Will guidance rise? Raising the $8.0–8.2 billion range would signal strong pre-orders.
- Pre-order numbers: Take-Two rarely gives them, but any comment on demand will be watched.
- Online and PC plans: Rockstar hasn’t confirmed an online mode or a PC version, so neither is in the base case. Any hint could change long-term forecasts. See our explainers on GTA 6 Online and the GTA 6 PC question.
- The back catalogue: NBA 2K, GTA V and mobile games still pay the bills until GTA 6 arrives, and recurring spending is guided down about 5%.
Why this report matters more than usual
Most earnings reports look back. This one looks forward. With GTA 6 only ten days away, management’s tone could move the stock more than the quarter’s numbers. A confident update could lift expectations; any hint of caution could do the opposite. Either way, the real test comes on November 19.
This article is for general information only and is not financial advice. Do your own research before making investment decisions.
Frequently asked questions
When is Take-Two’s next earnings report?
Monday, November 9, 2026, after the US market close, which is early on November 10 in India.
What is Take-Two’s guidance for fiscal 2027?
Net bookings of $8.0–8.2 billion, the highest in the company’s history, largely thanks to GTA 6.
How many copies will GTA 6 sell?
Analysts expect roughly 40–45 million in the launch window. Take-Two hasn’t given its own unit forecast.
Will Take-Two talk about GTA 6 on the call?
Almost certainly. It’s the company’s biggest release, and launch is only ten days after the call.
Sources: Take-Two Interactive guidance and investor filings, NewsCase, Investing.com, Piper Sandler and Morgan Stanley research as reported by Seeking Alpha and others, Yahoo Finance.
