Nintendo stock surges following impressive earnings and Switch 2 forecast boost; Revenue doubles to roughly $7.1 billion as net profit soars 85% in first half

Nintendo’s stock surged more than 10 percent on Wednesday after the Japanese gaming giant reported stronger-than-expected half-yearly earnings and raised its forecast tied to the highly anticipated Switch 2 console. The company posted robust profits driven by steady demand for its flagship titles and ongoing hardware sales, signaling resilience even as the original Switch enters its ninth year.

For the six months ending September 30, Nintendo reported revenue of approximately 1.1 trillion yen ($7.1 billion) - more than double the figure from a year earlier - while net profit surged about 85%, reflecting strong hardware and software sales.

According to AFP, Nintendo’s Tokyo-listed shares climbed 8.18% to 14,005 yen in morning trading, after briefly rising more than 10% to 14,265 yen earlier in the session. Investors welcomed the upgraded outlook, which reflects optimism surrounding the upcoming console’s launch and its potential to extend Nintendo’s dominance in the gaming market.


Nintendo announced it has sold around 10.3 million units of the Switch 2 since its June debut, leading the company to raise its full-year sales forecast from 15 million to 19 million units. It also increased its operating profit target by about 16% to 350 billion yen from 300 billion yen for the fiscal year ending March 2026.

According to investing.com, the upgraded outlook shows Nintendo’s confidence that strong demand will continue through the crucial holiday season, driven by blockbuster game releases and the console’s popular hybrid design, which allows seamless play both at home and on the go.

Company president Shuntaro Furukawa told analysts that the new console has not yet exceeded sales of the Nintendo DS, the company’s all-time best-selling platform, but is expected to do so 'if the current sales momentum continues', AFP reported, citing the Nikkei business daily.