Nintendo reported a net profit of 147.4 billion yen (US$930 million) for the first quarter covering April to June, representing a 53.5% increase year-on-year. This figure surpassed the Bloomberg analyst consensus estimate of 77.8 billion yen. [claim:1, claim:2
The company attributed the increase in net profit to solid software sales and refunds of US tariffs. Nintendo stated that it has factored an impact of nearly 100 billion yen from higher memory chip prices and tariffs into its cost of sales. [claim:12, claim:13
Nintendo Q1 net profit
The company cited the performance of two new games, Tomodachi Life: Living the Dream and Pokémon Pokopia, as contributors to profit growth. Tomodachi Life: Living the Dream sold 7.94 million units, while Pokémon Pokopia sold 1.27 million units. [claim:8, claim:9, claim:10, claim:11
In the film industry, The Super Mario Galaxy Movie has generated more than $1 billion in global box office revenue since its release on April 1. According to IMDbPro, the film became this year's fourth top-grossing film worldwide and is the second highest-grossing film ever based on a video game. [claim:22, claim:23
Hardware sales and pricing
Nintendo Switch 2 hardware sales fell 34.4% year-on-year to 3.82 million units during the first quarter. Sales of the original Nintendo Switch also dropped 31.8% year-on-year to 0.66 million units. Overall sales for the dedicated video game platform business declined by 13.1% in the first quarter. [claim:5, claim:6, claim:28
Nintendo stated that consumers continued to adopt the Switch 2 despite the lower hardware sales compared to the previous year, supported by new title releases. The company noted that the Switch 2 is in its second year since launch and aim to maintain momentum by delivering hardware together with software. [claim:21, claim:25
The company announced a $50 price increase for the Switch 2 console in the United States, raising the retail price from $449.99 to $499.99 effective September 1. In Japan, Nintendo raised the Switch 2 price on May 25, and hardware sell-through remained solid. [claim:14, claim:15
Forecasts and future pipeline
Nintendo maintained its annual net profit forecast at 310 billion yen and its net sales forecast for the year ending March 2027 at 2.05 trillion yen. For the 2026 to 2027 financial year, the company expects to sell 16.5 million Switch 2 units, a decrease of approximately 17% from the 2025 to 2026 period. [claim:3, claim:4, claim:7
The company plans to remake 'The Legend of Zelda: Ocarina of Time' for the Switch 2. Analysts at UBS noted that 2026 titles like the Zelda remake should draw attention, though they added the pipeline lacks a clear blockbuster title to materially accelerate Switch 2 adoption until exclusive content expands more meaningfully from 2027. [claim:17, claim:19, claim:20
Releasing new titles at regular intervals is crucial to expanding the Switch 2's installed base.
