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[Baemono]

Results for Nintendo Q4 (January - March 2026)

Consoles:
- Switch 2: 19.86M
- Switch: 155.92M

Games:
- Mario Kart World: 14.7M
- Donkey Kong Bananza: 4.5M
- Pokémon Z-A Switch 2 Edition: 3.9M
- Pokopia: 2.4M
- Kirby Air Riders: 1.87M

 

[Robb]

Some interesting slides from the presentation:

https://www.nintendo.co.jp/ir/pdf/2026/260508_4e.pdf

 

[spons]

Holy shit at Tomodachi Life?

Oh, it's a Switch 1 title. Never mind then.

 

[MrJangles]

Its like they don't want the Switch to topple the PS2 lifetime sales figure, especially with the new price hike.

Drop it and it'll sell millions more.

 

[Fabieter]

Holy shit at Tomodachi Life?

In another thread someone shitted on saros because it sold less than tomodachi life in the uk. Told him it's huge though.

Good numbers all around. I hope the stock will recover now

 

[ADiTAR]

they are basically confirming there's no big holiday title, no mario animal crossing or Smash.

Seems very dire tbh. I don't get how they had so much time to prepare for this and still failed.

 

[mèx]

20M is a massive results, holy shit. But now they are predicting a decline in sales this year? Damn, bell curve be damned.

At this point I don't think Switch 1 will reach PS2 lifetime sales in ~2 years, it will take much more. I think Nintendo will still keep the Switch 1 around since it could be seen as the cheaper option to get into the Nintendo ecosystem. In Japan it's still selling decently well for a console that old, not sure in the West.

 

[onQ123]

 

[Banjo64]

4m sales for a Pokemon rom at £15 a pop gives me hope that they won't leave Ruby/Sapphire/Emerald on the table.

 

[Robb]

So with the updated yearly forecast Switch 2 should land at 36M units shipped by 31 March 2027.

Absolutely crazy that they've managed to sell 20M units in only 10 months, especially given that the original forecast was "only" 15M.

Looks like things will start going back to 'normal' from here though.

 

[Baemono]

4m sales for a Pokemon rom at £15 a pop gives me hope that they won't leave Ruby/Sapphire/Emerald on the table.

I was like « who the hell bought these »

And then I recalled I did

 

[Elios83]

They missed the 21m forecast.

They forecast 16.5m units this year, a decline which in year two of a system liifecycle is very unusual but can be explained with the price increase (oh well now it seems some peole will change the tune from "you only do it if you're greedy") plus not expecting huge holiday season titles.

Not particularly good.

 

[Robb]

They missed the 21m forecast.

They forecast 16.5m units this year, a decline which in year two of a system liifecycle is very unusual but can be explained with the price increase (oh well now it seems some peole will change the tune from "you only do it if you're greedy") plus not expecting huge holiday season titles.

Not particularly good.

The revised forecast was 19M units. They beat it by ~1M.

 

[J Required]

Only 16m this year? Thats unusually low forecast for console this new.

Also Ninty basically confirmed what I have been saying since last September in the second slide.

How much did Switch 2 sell for the quarter?

 

[Robb]

Only 16m this year? Thats unusually low forecast for console this new.

Agreed, although it might be intentionally conservative. They missed the mark on their initial Switch 2 forecast for this year by roughly 5M units.

 

[Kataploom]

So they even topped they reviewed sales projections after raising them from 17M lol not to be surprised, this is an amazing machine even beyond my own expectations

 

[Baemono]

They missed the 21m forecast.

The were forcasting 19 million

 

[Robb]

How much did Switch 2 sell for the quarter?

They shipped an additional 2.49M this quarter.

 

[NeoIkaruGAF]

Its like they don't want the Switch to topple the PS2 lifetime sales figure, especially with the new price hike.

It has basically topped the reported sales of PS2 before the notorious revision. Not bad for a system that people predicted to be DOA.
And with the Switch 2's imminent price hike, who knows, the old Switch may still be squeezed for a little more juice.

 

[J Required]

It has basically topped the reported sales of PS2 before the notorious revision. Not bad for a system that people predicted to be DOA.
And with the Switch 2's imminent price hike, who knows, the old Switch may still be squeezed for a little more juice.

Here we go again!!! Cope

 

[cafecat]

In another thread someone shitted on saros because it sold less than tomodachi life in the uk. Told him it's huge though.

Good numbers all around. I hope the stock will recover now

Investors now are not really interested in game company, if any of these investors put some of their money on Intel stock early this year, the return of investment would be way impressive. There are still lot of stock has potential like Intel than game company, investors are going to arrange less money on game company.

It may has some recover but still far away from its peak: consider the cost of components, re-normalization of pandemic bloom of video game industry, the higher price tag, consumer economy and e.t.c.., Nintendo need some service like PS plsu sub to provide constant revenue to let more investor prefer its stock.

 

[NeoIkaruGAF]

Here we go again!!! Cope

Yes dear, by all means go on seeing console warriors everywhere.

 

[J Required]

Yes dear, by all means go on seeing console warriors everywhere.

What? You basically refused to believe Sony reported numbers because you didn't like what it says. Call Nintendo and tell them to pump Switch numbers then ..

 

[PeteBull]

Switch2 continues to sell gangbusters, i think they got 1 more year of such a good sales in them(aka whole 2026) after that tho ninny gonna need to give us mountains of high quality exclusives(remasters like star fox and ocarina of time count here) to keep up the momentum

 

[Codes 208]

20m in its first year is pretty impressive.

Jeeez, Tomodochi Life sold gangbusters (and nintnedo had the gull to send most stores a small handful of copies)

 

[ShaiKhulud1989]

Forecast slump is looking grim. Basically no 2026 titles to push the system on a wider audience.

 

[J Required]

Switch 2 basically sold 10m in few days then the momentum slowed down and even Nintendo acknowledges that for next year.

 

[Baemono]

20m in its first year is pretty impressive.

Still not its full first year though, but that's irrelevant.

 

[DenchDeckard]

Switch 2 doing well. If they announce a full ocarina of time remake......Holy shit.

 

[Steve Holt]

The amount of remakes and remasters they are doing man..

Please show us a new Mario.

 

[Mownoc]

16.5m forecast, quite a big drop compared to what it did with only 10 months this last FY.

Unusual to drop in second year, but then again the insane launch sales of Switch 2 were so unusual.

 

[DenchDeckard]

So the switch needs to sell another 5 million to beat the PS2?

What are the chances? - Surely it can do it in one more year?

 

[J Required]

What are the revenues and profit like? OP you slacking

 

[Robb]

Regional breakdown compared to Switch 1 at roughly the same total sales amount:

Region	Switch (Q1 2018/2019) 16 months	Pct	Switch 2 (Q4 2025/2026) 10 months	Pct
Japan	4.89M	25%	5.66M	28%
The Americas	7.81M	40%	6.73M	34%
Other	6.97M	35%	7.47M	38%
Total	19.67M	100%	19.86M	100%

 

[cafecat]

What are the revenues and profit like? OP you slacking

revenue and profit are up as switch 2 release and new games, but the metric related to margin are down

Metric	FY2026 actual	FY2025 actual	YoY change
Revenue (net sales)	¥2,313.1bn	¥1,164.9bn	98.60%
Operating profit	¥360.1bn	¥282.6bn	27.50%
Ordinary profit	¥542.2bn	¥372.3bn	45.60%
Profit attributable to owners of parent	¥424.1bn	¥278.8bn	52.10%
Operating margin	15.60%	24.30%	-8.7 pt.
Net margin	18.30%	23.90%	-5.6 pt.

Investor concerning factors:

Investor concern	Why it matters
Margin deterioration	Revenue nearly doubled, but operating margin fell sharply from 24.3% to 15.6%
Weak FY2027 guidance	Nintendo forecast only ¥370bn operating profit vs analyst expectations around ¥480bn
Switch 2 profitability pressure	Hardware appears to have much lower margins, possibly near breakeven or loss-leading
Price hikes may hurt demand	Nintendo is raising Switch 2 prices globally amid inflation/tariff pressure
Unit sales guidance disappointed	Forecast Switch 2 sales of 16.5m units is below many analyst expectations
Costs are rising fast	Memory prices, tariffs, logistics, and components are hurting profitability
Advertising expenses surged	Marketing spend jumped 67% YoY
Profit quality questions	Part of net profit came from FX gains and investment-security sales rather than core operations

 

[Celine]

Early GBA life Nintendo reported only the half-year/full-year sales.
GBA total cumulative sales as Q5 were 18.16M.

 

[Fabieter]

Investors now are not really interested in game company, if any of these investors put some of their money on Intel stock early this year, the return of investment would be way impressive. There are still lot of stock has potential like Intel than game company, investors are going to arrange less money on game company.

It may has some recover but still far away from its peak: consider the cost of components, re-normalization of pandemic bloom of video game industry, the higher price tag, consumer economy and e.t.c.., Nintendo need some service like PS plsu sub to provide constant revenue to let more investor prefer its stock.

It will nintendo and sony are really cheap right now.

 

[daclynk]

Nintendo is doing WELL.

Suck it HATERS

 

[J Required]

"Switch 2 profitability pressureHardware appears to have much lower margins, possibly near breakeven or loss-leading"

Nvidia typical d***

Burned MS with OG Xbox, Burned Sony with PS3 and now experimenting with Nintendo!

 

[Saber]

Nintendo is fucking killing it.
But now I'm worried they will slow down because of the price increases. If they still manage to sell, then Nintendo will be unstopable.

 

[Three]

Good numbers all around. I hope the stock will recover now

They fell just shy of their raised 20M Switch 2 sales target for March. Depends how the market reacts to that. Software they're doing better though so hopefully it goes up.

 

[Hyet]

They always lowball the forecasts, specially after missing the previous one. They'll adjust by rising it up later.

 

[LordOcidax]

I totally forgot about this last night…. But.

 

[efyu_lemonardo]

they are basically confirming there's no big holiday title, no mario animal crossing or Smash.

Seems very dire tbh. I don't get how they had so much time to prepare for this and still failed.

That's not necessarily the case. There may be a hardware/manufacturing bottleneck limiting Switch 2 sales. And Nintendo may have adjusted their release schedule accordingly.

 

[LordOcidax]

They always lowball the forecasts, specially after missing the previous one. They'll adjust by rising it up later.

They beat the 19M forecast, by almost 1M.

 

[J Required]

They beat the 19M forecast, by almost 1M.

You meant that they didn't reach their revised forcast of 20m unit, also forcasting 16.5m for next year.

 

[KU_]

That's not necessarily the case. There may be a hardware/manufacturing bottleneck limiting Switch 2 sales. And Nintendo may have adjusted their release schedule accordingly.

I think the price increase is taken into account as well.

 

[Area61]

It's funny how they don't have plan any big title launch this year and still confident enough to raise the console price

 

[Robb]

You meant that they didn't reach their revised forcast of 20m unit, also forcasting 16.5m for next year.

They never made a revised forecast to 20M.

The Q1 estimate was 15M. In Q2 they revised it up to 19M. In Q3 they maintained the 19M estimate. In Q4 they beat it by 1M.

 

[efyu_lemonardo]

I think the price increase is taken into account as well.

Definitely. The price increase reflects manufacturing difficulties, such as the competition over procuring RAM.