Nintendo Edges Past Q1 Forecasts as Switch 2 Slump Met With Strong Software

Nintendo beat fiscal Q1 estimates with revenue of 517.8 billion yen and net profit of 147.4 billion yen, even as Switch 2 hardware sales fell 34.4% YoY to 3.82 million units (Switch hardware fell 31.8% to 0.66 million). The company kept its full-year net sales forecast at 2.05 trillion yen, citing higher component costs and tariffs. Strong software performance and a regular title pipeline supported results, with price increases in Japan and the US noted; the Super Mario Galaxy Movie has grossed over $1 billion globally.