It raises your special attack. For example, its SpA is 100. Since it raises by two stages, the SpA becomes 200 altho if you check the summary, it won't change. So basically one stage = half of the original stat. Since the example is 100, one stage is fifty, two is one hundred, three is one hundred fifty, etc. I'm not sure if this is how the stages work if the stats are reduced. What I do know is that it is either a quarter of the original stat or a third. I'm not sure about this so I'll just leave it as a comment