Nintendo stock: Profit growth meets a tougher Switch 2 test

Nintendo reported stronger profitability for the six months ended September 30, 2026, even as Switch 2 hardware demand slowed. The company's November 5 earnings release, published by MarketScreener, showed that software and digital sales helped cushion lower console volumes.

What has changed since our last report

The latest release adds a stronger view of Nintendo's adjacent businesses. IP-related revenue rose 87.9 percent year over year to 62.7 billion yen, supported by audience engagement with The Super Mario Galaxy Movie. Nintendo also reported an interim dividend of 76 yen per share and forecast a full-year payout of 162 yen.

For the first half, net sales fell 12.1 percent to 966.041 billion yen, while operating profit increased 49.1 percent to 216.500 billion yen. Profit attributable to owners of the parent rose 11.0 percent to 220.917 billion yen. Digital sales climbed 60.5 percent to 249.6 billion yen, while Nintendo Switch 2 hardware sales reached 6.49 million units.

Annual targets remain demanding

Nintendo kept its forecast for the fiscal year ending March 31, 2027, unchanged. The company still targets net sales of 2.05 trillion yen, operating profit of 370 billion yen, profit attributable to owners of the parent of 310 billion yen and Switch 2 hardware sales of 16.5 million units.

Nintendo stock traded at 48.27 euros on Lang & Schwarz at 15:30 CET on Monday, November 9, 2026.

Broader investor sentiment can be followed through the Nikkei 225 market page.

For further developments, see more news and analyses on Nintendo stock.