- Switch 2 ships 17.37 million units in four months, becoming Nintendo’s (OTC Pink:NTDOF) fastest‑selling console ever and driving a major surge in holiday sales
- Original Switch reaches 155.37 million lifetime sales, making it Nintendo’s best‑selling system and second-best in industry history behind the PS2
- Nintendo’s revenue nearly doubles (up 99.3 per cent YoY) to ¥1,905.8 billion, though shares fall 11 per cent amid concerns over software momentum and rising memory chip costs
- Nintendo stock (OTC Pink:NTDOF) last traded at US$64.15
Nintendo (OTC Pink:NTDOF) has released its financial results for Q3 of the fiscal year ending March 2026, revealing soaring revenue, strong performance from its newly launched Switch 2 console, and new lifetime sales milestones for the original Nintendo Switch.
Switch 2 surges to 17.37 million shipments in four months
According to Nintendo’s official filings, the Nintendo Switch 2 has shipped 17.37 million units between its worldwide launch on June 5, 2025 and December 31, 2025. Holiday demand was particularly strong, with 7.01 million units shipped in the October–December quarter alone.
Sell-through was also robust: by the fourth week of December 2025, Nintendo estimates the system had sold through 15 million units to customers. This makes the Switch 2 the fastest-selling piece of Nintendo hardware in the company’s history, outperforming the launch trajectory of both the Wii and the original Switch.
A comparison with Sony’s PlayStation 5 is expected later this week, once Sony publishes its quarterly earnings.
Original Switch reaches 155.37 Million units — Now Nintendo’s best-selling console
The original Switch continues its late-generation momentum, reaching 155.37 million units sold as of December 31.
This cements its position as:
- Nintendo’s best-selling console of all time, surpassing the Nintendo DS
- The second best-selling gaming system in history, trailing only Sony’s PlayStation 2 (160+ million units)
Lifetime software sales on Switch have also reached unprecedented levels, crossing 1.5 billion units.
Software sales and key titles
Nintendo also reported updated software figures for both systems:
Switch 2 lifetime software (as of Dec. 31, 2025)
- 37.93 million units shipped
Switch lifetime software
- 1,500.16 million units shipped
Highlighted game shipments
- Mario Kart World — 14.03 million units
- Donkey Kong Bananza — 4.25 million units
- Pokémon Legends: Z-A (Switch 2 Edition) — 3.89 million units
- Kirby Air Riders — 1.76 million units
Full-Year Forecasts Remain Unchanged
Nintendo left its fiscal-year forecasts untouched after raising them in November:
Switch 2 FY2026 forecast (ending March 2026)
- 19 million hardware units
- 48 million software units
Original Switch FY2026 forecast
- 4 million hardware units
- 125 million software units
Financial results: Sales nearly double, profit climbs
For the first nine months of FY2026 (April–December 2025), Nintendo reported:
- ¥1,905.8 billion in revenue — up 99.3 per cent year-over-year
- ¥300.3 billion in operating profit — up 21.3 per cent year-over-year
The extraordinary revenue growth reflects the strength of the Switch 2 launch and the continued long tail of the original Switch software ecosystem. However, despite the strong numbers, Nintendo’s stock fell 11 per cent following the report as investors expressed concerns over software momentum and rising component costs.
Rising memory prices could pressure profits
At a post-results briefing, Nintendo President Shuntaro Furukawa acknowledged that higher memory chip prices could impact profitability going forward. As next-generation games require more storage and memory-intensive components, hardware margins may tighten throughout the console’s early lifecycle.
Industry context
Nintendo’s report follows a wave of earnings updates from other major publishers including Koei Tecmo, Capcom, Microsoft, and Konami. More quarterly results from major gaming companies are expected in the coming days, providing a fuller picture of the 2025 holiday season’s industry-wide performance.
About Nintendo
With headquarters in Kyoto, Japan Nintendo Co., Ltd. is a multinational video game company that develops, publishes and releases video games and video game consoles.
Nintendo stock (OTC Pink:NTDOF) last traded at US$64.15 in New York, where it has lost 5 per cent in year, and ¥8,973.00 (C$78.30) in Japan.
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