Nintendo Co Ltd

7974: XTKS (JPN)

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Nintendo Earnings: Resilient Game Shipments Point to Recovering User Engagement; Fair Value Up by 9%

Kazunori Ito

Aug 7, 2026

Nintendo's first-quarter revenue fell 10% year-on-year, mainly due to lower Switch 2 console shipments, while operating profit rose more than twofold. Excluding roughly USD 300 million in US tariff refunds, operating profit still increased by more than 60%, driven by stronger game shipments.

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Nintendo Co Ltd

Nintendo Earnings: Resilient Game Shipments Point to Recovering User Engagement; Fair Value Up by 9%

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