Nintendo’s fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump

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Nintendo reported a net profit of 147.4 billion yen in the fiscal first quarter, beating analysts’ estimates of 78.30 billion yen, with revenue of 517.8 billion yen exceeding expectations. Switch 2 console sales fell 34.4% year-over-year to 3.82 million units, while original Switch sales dropped 31.8% to 0.66 million units. The company factored an impact of nearly 100 billion yen from higher component prices, particularly memory chips whose prices have surged due to robust AI demand. Game sales were driven by Tomodachi Life: Living the Dream with 7.94 million units sold and Pokémon Pokopia with 1.27 million units. Nintendo maintained its annual net sales forecast unchanged at 2.05 trillion yen.

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