Logotype for Nintendo Co. Ltd

Nintendo Co. (7974) investor relations material

Nintendo Co. Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Nintendo Co. Ltd
Q2 2026 earnings summary4 Nov, 2025

Executive summary

  • Net sales for the first half of FY26 rose 110.1% year-over-year to ¥1,099.6 billion, driven by the successful launch of Nintendo Switch 2 and strong hardware sales.

  • Operating profit increased 19.5% to ¥145.2 billion, while net profit jumped 83.1% to ¥198.9 billion, reflecting higher sales and a ¥32.3 billion gain on sale of investment securities.

  • Ordinary profit surged 60.5% to ¥236.0 billion, aided by foreign exchange gains and higher equity method profits.

  • The Americas accounted for the largest regional sales share, with 79.5% of total sales generated outside Japan.

  • Comprehensive income reached ¥191.8 billion, up 120.6% year-over-year.

Financial highlights

  • Nintendo Switch 2 hardware sold 10.36 million units and software 20.62 million units since launch in June 2025.

  • Gross profit rose 25.3% to ¥398.5 billion, but gross margin declined by 24.6 points to 36.2% due to a higher proportion of lower-margin hardware sales.

  • SG&A expenses increased 29.0% to ¥253.2 billion, mainly from higher advertising and R&D costs for Switch 2.

  • Digital sales fell 2.8% to ¥155.5 billion, with the digital sales ratio down 1.8 points to 54.5%.

  • IP-related business sales declined 12.4% to ¥33.3 billion, mainly due to lower revenue from The Super Mario Bros. Movie.

Outlook and guidance

  • Full-year net sales forecast revised up to ¥2,250.0 billion, with operating profit forecast raised to ¥370.0 billion and profit attributable to owners of parent to ¥350.0 billion.

  • Switch 2 hardware sales forecast increased by 4 million units to 19 million; software forecast up by 3 million to 48 million units.

  • Switch hardware forecast reduced to 4 million units, but software forecast increased to 125 million units.

  • Dividend policy revised, with annual dividend forecast increased to ¥181 per share.

  • Forecasts incorporate current US tariff rates and updated exchange rate assumptions.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Nintendo Co. earnings date

Logotype for Nintendo Co. Ltd
Q3 20263 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Nintendo Co. earnings date

Logotype for Nintendo Co. Ltd
Q3 20263 Feb, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

The generational favorite

Nintendo is for sure one of those brand names you are familiar with and probably one of the most dominant gaming companies of the last few decades. Their business operations are, however, less well known, possibly because they count their profits in Japanese yen rather than US dollars. 

The Nintendo devices

The Japan-based company has sold hundreds of millions of gaming devices and billions of games throughout its history, such as the Game Boy, the Super Nintendo Entertainment System, the Nintendo DS, the Wii, and the Switch. Some major franchises include Mario (their mascot and most recognized character), Donkey Kong, The Legend of Zelda, Pokémon, Kirby, and Super Smash Bros. 

In the coming years, you should keep an eye on a couple of key areas in Nintendo's development:

  • Their next-generation gaming device. Their latest device, The Switch, is getting old and needs a true upgrade. Nintendo will likely release a new device in the next year or two, given its historical upgrade cycle. This up-to-date device is imperative for Nintendo’s future success, as it is the engine that keeps people buying their games.

  • Subscription services. Nintendo recently built an online subscription service similar to Xbox and Playstation to get more consistent earnings. Their service Nintendo Switch Online (NSO), can be very lucrative, with a more significant amount of recurring revenue and high-profit margins. 

  • Expanding into non-gaming entertainment. Nintendo has decided to become more Disney-like, expanding their hugely successful franchises into theme parks and video entertainment. 

Gaming—a rapidly changing market

Nintendo is really transforming their business operations. The company might be a lot different in the future, with multiple theme parks, a growing library of movies, subscription services, and an eventual new hardware device. 

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage