Nintendo Stock: Q3 Revenue Jumps 86% on Console Demand

TLDR Nintendo holds firm on 19 million Switch 2 sales target for fiscal year ending March 2026 Company sold 17.37 million Switch 2 units through December with 7 million in Q4 Revenue surged 86% while profit climbed 24% in fiscal third quarter Stock down 30% from August peak despite fastest console launch in company history Memory chip price increases not affecting current earnings but pose future risk Nintendo released quarterly earnings Tuesday showing the Switch 2 console continues to perform well despite investor worries. The company kept its sales forecast at 19 million units for the fiscal year ending March 2026. Nintendo recorded over ¥1905 billion (approx. $12.25 billion) in net sales for the first 9 months, of which:• Hardware – ¥1292 billion (+213%) • First-party Software – ¥419 billion (+18%)• Royalties – ¥140 billion (+9%) • Other – ¥55 billion (-10%) It’s a new record. pic.twitter.com/XuakJdbZdY — Pierre485 (@pierre485_) February 3, 2026 Sales have reached 17.37 million Switch 2 units since the June launch. The December quarter alone accounted for 7 million units. This performance makes the Switch 2 Nintendo’s fastest-selling console ever. Nintendo Co., Ltd., NTDOY The fiscal third quarter ended December 31 delivered strong results. Revenue hit 806.32 billion yen ($5.2 billion), up 86% year-over-year. Net profit reached 159.93 billion yen, a 24% increase from the prior year. “The implosion of sales, as predicted by some investors, did not happen in the holiday quarter,” Serkan Toto of Kantan Games told reporters. Circana research confirmed Switch 2 topped U.S. console sales in December. Strong Game Sales Support Hardware Popular titles are driving Switch 2 adoption. “Mario Kart World” has sold approximately 14 million units since launch. “Donkey Kong Bananza” reached 4.25 million units. The company has two major releases coming soon. “Mario Tennis Fever” launches in February. “Pokémon Pokopia” arrives in March. “The Super Mario Galaxy Movie” hits thea...