It’s pencils-down time at Take-Two Interactive Software Inc. (NASDAQ: TTWO). The company reported its Q1 fiscal year 2027 (FY2027) results on Friday, Aug. 7, and it's the last quarter of data before the launch of the long-awaited Grand Theft Auto VI title. Game development is complete, pre-orders are rolling in, and it's time to figure out exactly how much the AI-induced memory and hardware shortage is affecting the video game sector.
After Electronic Arts was taken private by an investor group led by Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners, Take-Two Interactive has become the industry’s publicly traded bellwether. Its results are now more likely to be viewed as a proxy for major game publishers. And since GTA6 is the most hotly anticipated video game of all time, the market is looking for a sumptuous fiscal 2027 guide. Did management deliver?
