Nintendo keeps its full-year sales guidance as Switch 2 momentum continues

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Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2, fueling one of the biggest global gadget debuts since the iPhone launches of yesteryear.
Kiyoshi Ota | Bloomberg | Getty Images

Nintendo maintained its full-year sales and profit guidance on Tuesday as investors looked to see if momentum for the Switch 2 could be sustained.

Here's how Nintendo did in its fiscal third quarter ended Dec. 31 versus LSEG estimates:

  • Revenue: 806.32 billion Japanese yen ($5.2 billion) versus 847.73 billion yen expected.
  • Net profit: 159.93 billion yen versus 147.3 billion yen expected.

In November, Nintendo said it expected to sell 19 million units of the Switch 2 in the fiscal year ending March 2026, versus a previous forecast of 15 million units. Nintendo maintained this forecast.

Nintendo's share price has been under pressure for the past few months. Following the launch of the Switch 2 in June, the gaming giant's shares hit a record high above 14,000 yen in August. But the stock has fallen more than 30% since then.

Investors are watching several potential headwinds for Nintendo, including whether the company will be impacted by an unprecedented surge in memory prices, a key component in its consoles. Another is whether the company has a strong enough pipeline of games to support the Switch 2.

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