①Nintendo’s Q3 revenue reached 527.2 billion yen (approximately USD 3.435 billion), significantly surpassing market expectations of 461.76 billion yen, with a year-on-year increase of over 90%; ②Benefiting from the strong sales of Switch 2, Nintendo has raised its sales forecast for this gaming console in the fiscal year 2025-26 (ending March 2026) from 15 million units to 19 million units.
Cailian Press, November 4 (Edited by Xia Junxiong) – On November 4, gaming giant Nintendo released its financial report for the second quarter of the fiscal year 2025-26 (the third quarter of the calendar year, hereinafter referred to as Q3) and raised the sales forecast for its next-generation gaming console, Switch 2, due to the continued market momentum of the console.
The financial report shows that Nintendo's Q3 revenue amounted to 527.2 billion yen (approximately USD 3.435 billion), far exceeding market expectations of 461.76 billion yen, with a year-on-year increase of over 90%; net profit was 102.9 billion yen (approximately USD 6.71 billion), also significantly higher than market expectations of 63.6 billion yen, with a year-on-year growth of over 270%.
On June 2 this year, Nintendo Switch 2 was officially launched and received an enthusiastic response from gamers, becoming the fastest-selling gaming console globally.
According to Nintendo’s disclosure on Tuesday, as of September 30 (the financial report cut-off date), Switch 2 had sold 10.36 million units worldwide. Among them, Switch 2’s sales volume in the Q3 period was 4.54 million units. The company noted that although this figure slightly declined compared to the explosive demand at the initial launch, overall performance remained robust.
Benefiting from the strong sales of Switch 2, Nintendo has raised its sales forecast for this gaming console in the fiscal year 2025-26 (ending March 2026) from 15 million units to 19 million units.
At the same time, Nintendo has also revised upwards other financial forecasts, increasing its full-year revenue forecast from 1.9 trillion yen to 2.25 trillion yen (approximately USD 14.662 billion) and raising its full-year net profit forecast by nearly 17% to 350 billion yen (approximately USD 2.281 billion).
Darang Candra, Head of East Asia and Southeast Asia Research at market research firm Niko Partners, stated: “Demand for Switch 2 may remain high, especially given the accelerating sales in non-traditional markets such as China.”
He added: “However, we remain cautious about whether Switch 2 can replicate the 150 million unit sales of Switch 1.”
Since its release in 2017, Switch 1 has achieved cumulative sales of 154 million units, making it the third best-selling gaming console in history, behind Sony’s PlayStation 2 and Nintendo’s DS.
Candra stated that the long-term success of the Switch 2 will depend on whether Nintendo can maintain player engagement through new games and further expand into emerging markets in Asia, such as the Middle East.
Nintendo's stock price has continued to rise following the release of the Switch 2 in June, with year-to-date gains approaching 40%.
