TOPSHOT - A Super Mario character is pictured at a Nintendo display ahead of the launch of the company's Switch 2 console, an electronics store in the city of Nagoya, Aichi prefecture on June 2, 2025.
Nintendo raised its forecast for sales of the Switch 2 console in its current fiscal year as momentum for its new flagship console grows.
The Japanese gaming giant said it now expects to sell 19 million units of the Switch in the fiscal year ending March 2026 versus a previous forecast of 15 million units.
Here's how Nintendo did in its fiscal second quarter ended Sept. 30 versus LSEG estimates:
Revenue: 527.2 billion Japanese yen ($3.7 billion) versus 461.76 billion yen expected.
Net profit: 102.9 billion Japanese yen versus 63.6 billion yen expected.
Revenue was up over 90% year-on-year while profit rose more than 270%.
Nintendo is riding a wave of momentum after launching its latest console called the Switch 2 in June, with the stock up nearly 40% this year.
Nintendo said it sold 4.54 million units of the Switch 2 in the September quarter. That was a decline compared to the "high demand seen immediately following the launch of Nintendo Switch 2" during its fiscal first quarter, Nintendo said, adding that "performance remained strong."
In total, Nintendo has sold 10.36 million units of the Switch 2 since launch.