Nintendo's First-Half Profit Rises as Switch 2 Sales Slow

Nintendo’s First-Half Profit Rises as Switch 2 Sales Slow

November 5, 2026 by admin

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Nintendo’s first-half operating profit rose 49.1% on software and movie income, even as Switch 2 shipments fell 41% in the July to September quarter.

Profit rises on software and movies

Nintendo’s operating profit for April to September 2026 rose 49.1% to ¥216.5 billion, while net sales fell 12.1% to ¥966 billion. Stronger software sales and a first-quarter refund of US tariffs helped, and intellectual-property income jumped 88%, driven by The Super Mario Galaxy Movie.

Switch 2 hardware slows

Switch 2 shipments reached 6.49 million units in the first half, down from 10.4 million a year earlier. In July to September alone, shipments fell 41% to 2.67 million, and quarterly profit missed analyst forecasts.

Investors remain cautious

Nintendo’s shares have fallen 16% this year and are roughly 40% below their August 2025 peak, when the Switch 2 launch lifted sentiment. A live-action Zelda film is scheduled for 2027. For more, see our companies coverage and business coverage.

Source: Nintendo Co., Ltd., first-half results for fiscal 2026-27 (published 5 November 2026), as reported by Dow Jones and Business Insider Japan.