Nintendo stock faces holiday test as Switch 2 sales slow

Nintendo's first-half earnings showed stronger profitability but weaker hardware momentum. RTE, citing AFP, reported on Thursday, November 5, that net profit for the six months through September rose 11% year over year, while Switch 2 sales slowed from the launch-year comparison.

Nintendo stock traded at 47.74 euros on Lang & Schwarz at 15:30 CET on Tuesday, November 10, 2026. The quote differed by 1.10% from the 48.27-euro Lang & Schwarz quote in the previous Nintendo report published on Monday, November 9.

Profit resilience meets hardware pressure

For April through September, revenue fell 12.1% to 966 billion yen, while operating profit rose nearly 50%. Net profit reached 220.9 billion yen. RTE said Nintendo attributed the operating improvement to steady game sales and a benefit connected with US tariff refunds.

Switch 2 hardware sales reached nearly 6.5 million units in the first half, compared with nearly 10.4 million in the previous year. Second-quarter net profit fell 29% to 73.5 billion yen and missed the 82.2 billion-yen estimate cited by Bloomberg, underscoring the tougher post-launch comparison.

Holiday software carries the outlook

Nintendo maintained its annual net profit forecast of 310 billion yen. Management said it would use the existing Nintendo Switch installed base and its software lineup to expand sales and maintain engagement, while The Legend of Zelda: Ocarina of Time provides a fresh holiday demand test.

Japan's Nikkei 225 market remains the relevant regional benchmark for Nintendo investors.

For more news and analyses on Nintendo stock, investors can follow the company's hardware, software and earnings updates.