Nintendo keeps its full-year sales guidance as Switch 2 momentum continues

Nintendo has reaffirmed its full-year sales and profit projections, as attention turns to the ongoing momentum of the Switch 2. The gaming giant reported its fiscal third quarter results, which concluded on December 31, aligning closely with analyst expectations from LSEG. In a November announcement, Nintendo revealed an ambitious target of 19 million Switch 2 units for the fiscal year ending March 2026, up from its earlier estimate of 15 million. This forecast remains unchanged, indicating confidence in the new console’s performance. However, the company’s stock has faced challenges recently. Following a peak in August, where shares surpassed 14,000 yen after the Switch 2's launch in June, Nintendo's stock has plummeted by over 30%. Investors are now keenly observing potential challenges, including a significant spike in memory prices—an essential component for the consoles—as well as the sufficiency of Nintendo's game lineup to support the Switch 2's success. This situation continues to evolve, and updates are expected as new developments arise.