Nintendo maintained its full-year sales and profit guidance on Tuesday as investors looked to see if momentum for the Switch 2 could be sustained.
Here’s how Nintendo did in its fiscal third quarter ended Dec. 31 versus LSEG estimates:
- Revenue: 806.32 billion Japanese yen ($5.2 billion) versus 847.73 billion yen expected.
- Net profit: 159.93 billion yen versus 147.3 billion yen expected.
In November, Nintendo said it expected to sell 19 million units of the Switch 2 in the fiscal year ending March 2026, versus a previous forecast of 15 million units. Nintendo maintained this forecast.
Nintendo’s share price has been under pressure for the past few months. Following the launch of the Switch 2 in June, the gaming giant’s shares hit a record high above 14,000 yen in August. But the stock has fallen more than 30% since then.
Investors are watching several potential headwinds for Nintendo, including whether the company will be impacted by an unprecedented surge in memory prices, a key component in its consoles. Another is whether the company has a strong enough pipeline of games to support the Switch 2.
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Source: CNBC