PS5 State of Play February 2026 live updates — last-minute leaks and rumors, and how to watch

Is Kratos about to go 2D?

One of the big rumors circulating in the gaming world right now is that PlayStation is quietly working on a God of War spin-off title. That seems a pretty boilerplate rumor on the surface (a popular franchise gets a spin-off title, which is hardly unexpected), but more surprisingly, it's claimed this game will be a 2D side-scroller.

Remember, this is a rumor, but over on the GamingLeaksAndRumours subreddit, a new post linking back to NateTheHate (a well-known leaker) claims that God of War 2D is in development, and that Sony is considering a multi-platform launch.

Perhaps today's State of Play 2026 will see God of War 2D revealed to the world, or maybe all the online rumors are false and Kratos is sticking to three dimensions.

Is it finally time to see more of Intergalactic?

For the last 12 months, during every PlayStation State of Play, and events like Summer Game Fest and The Game Awards, I've been keeping my fingers crossed that we get a new trailer for Nuaghty Dog's Intergalactic: The Heretic Prophet.

So far, I've been let down every time, but there's no question about, I'm ready to get hurt again. Intergalactic represents Naughty Dog's first new IP since The Last of Us way back in 2013, and I just cannot wait to learn more about this sci-fi experience.

The first trailer we got back in December 2024 instantly grabbed me, and Naughty Dog are a developer that has yet to disappoint me (yes, I even rank The Last of Us Part 2 as a masterpiece). I'm not totally convinced we will see Intergalactic today in the State of Play, as it's rumored for a 2027 release, but I'm keep hoping until then.

Gimme more from Marvel Tokon!

I'm not typically a fighting game player (that's in part because I usually suck at them), but one fighter I'm keeping an eye on is Marvel Tokon: Fighting Souls.

This fighter from acclaimed developer Arc System Works combines Marvel's stable of superheroes with an anime-style art style, which is immediately striking. It also features my boy, Spider-Man, in the playable roster, which always gets my attention.

It set to launch sometime in 2026, and so seems a good candidate to feature at State of Play. Maybe we'll get a firm release date in just a matter of hours.

Just joining us? Here's the key State of Play details

It's the start of the working day in the U.S. (on the east coast, at least), so if you're just joining me, the key details you need to know are that today (Feb. 12) will see the first PS5 State of Play in 2026, it'll begin at 12 pm PT / 5 pm ET / 10 pm GMT.

The live broadcast is set to last for at last an hour (Sony is saying "60+ minutes"), and will include games from PlayStation Studios. Today could be a very big day in the world of PlayStation, and I'm bringing you all the details in this live blog!

Insomniac's Wolverine might not show it's claws today

With Marathon, Saros and Marvel's Wolverine making up the tentpole trio of PlayStation Studios games confirmed for 2026 (as of writing, at least), it stands to reason that all three will feature in today's State of Play. But there's reason to think that Logan might give this showcase a miss and keep his claws hidden away.

In response to a question on X, asking when gamers would get to learn more about Wolverine, Insomniac Games' official account offered up the vague, "Spring 2026" in reply. At least in my calendar, February isn't quite spring, so don't bet on Wolverine being included in this PlayStation event.

Of course, this could be intentional misdirection from the folks at Insomniac, but we'll just have to wait until the State of Play February later today to find out.

Here's another PS5 game we can confidently predict will feature

There were always two PlayStation Studios games that I felt highly confident would appear at State of Play. One was Marathon, which is now confirmed, the other is Saros from developer Housemarque.

Saros was announced at last year's February showcase, and is currently slated for release on April 30. It's a spiritual successor to 2021's GOTY-worthy Returnal. Based on the brief gameplay snippets we've seen, it's going to offer the same blockbuster bullet-hell gameplay in an intriguing, and sinister, sci-fi world. It also appears that the story might be a little less mysterious this time, which some players will prefer.

As noted, it's due to launch in the spring, so it seems very likely Saros will get a new trailer in this State of Play as Sony looks to ramp up the marketing ahead of April.

Marathon is the first game confirmed for State of Play

It's by no means a surprise, but Marathon is one game we know we be featured during State of Play.

Sony-owned developer Bungie confirmed the sci-fi shooter would be included in the broadcast via a post on the game's official discord server, noting that "we're excited to share we'll be part of the PlayStation State of Play."

Marathon is a big bet for developer Bungie, who need a win after the most recent Destiny 2 expansions haven't quite met player demand. The game is set to launch on March 5, so it always seems likely that Sony would use this State of Play to give it another big push ahead of the release date in just a few weeks.

This first-person extraction shooter looks like it might be landing at just the right time following the uber-success of ARC Raiders, there's plenty of demand for more games in the genre, and Marathon looks different enough to carve out its own spot.

There's one huge reason I'm feeling the HYPE!

I'm always excited for any State of Play, but there's a particular reason that today's broadcast has got me really hyped: PlayStation Studios will have a presence.

If you're out of the loop, PlayStation Studios is the umbrella group used to mark Sony-owned developers like Naughty Dog, Sucker Punch, Insomniac, Housemarque and more. Often PlayStation Studios teams don't feature during State of Play, but this time, at least some of the developers will be showcased.

To set expectations, Sony isn't promising every PlayStation Studios team will be present, but hopefully we hear more from the likes of Naughty Dog and Bluepoint Games who have been quiet on their current projects for quite a while now.

Today's State of Play is going to be a BIG one

One of the key details about today's State of Play is that it will run for "60+ minutes" per the PlayStation Blog. That would be welcome news in any context, but it's even more of a big deal here because that will make it the longest State of Play broadcast to date. It's clear that Sony has a lot it wants to share with players!

Welcome!

Hello, welcome to Tom's Guide's live coverage of the PS5 State of Play for February 2026. I'm Rory, a Senior Entertainment Editor, and I'll be guiding you through today's PlayStation showcase (with some help from a few colleagues). The event doesn't start for a few hours, but there's still plenty to cover, so let's get talking PlayStation...