Nintendo Shares Soar as Switch 2 Sales Boost Earnings and Profit Forecast

Nintendo Co. (TYO:7974) saw its shares surge on Wednesday after reporting robust earnings and raising its full-year outlook, fueled by the strong global demand for its newly launched Switch 2 console.

For the six months ending September 30, the Japanese gaming giant posted revenue of approximately 1.1 trillion yen ($7.1 billion), more than double the figure from a year earlier. Net profit rose by about 85%, reflecting the impressive performance of the Switch 2, which debuted in June and has already sold around 10.3 million units worldwide.

The company revised its full-year sales forecast for the console to 19 million units, up from the previous estimate of 15 million, signaling confidence in continued strong demand through the upcoming holiday season. Nintendo noted that the higher retail price of the Switch 2 compared to the original model also played a key role in boosting net sales.

Following the announcement, Nintendo’s Tokyo-listed shares jumped as much as 10.1% to 14,265 yen before settling 6.4% higher at 13,760 yen as of 01:21 GMT. The stock’s strong rally reflects investor optimism over the company’s momentum and its ability to sustain growth in the competitive gaming market.

Nintendo also raised its operating profit forecast by 16% to 370 billion yen for the fiscal year ending March 2026, citing strong consumer demand, popular new game titles, and the continued appeal of its hybrid home-and-portable gaming format.

The Switch 2’s rapid sales success underscores Nintendo’s enduring influence in the gaming industry and positions the company for a strong performance during the critical holiday season, as it continues to attract both loyal fans and new players.