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Nintendo Q3 FY 2025 earnings: Switch 2 17.37M, Switch 155.37M, and more

Oh no no no no no! I need an explanation from you guys
Gamer79
MisterXDTV
Ebrietas
Landr300
Subzero83
you SWORE to me that after a good launch sales slowed down and no one wanted a Switch 2 anymore. But the numbers clearly say that not only Nintendo will hit their 19 million target by March, most likely they will surpass it. I bet all my savings on the Switch 2 flopping what am I gonna do now? You're gonna pay for this!

Thing is 10.4 for launching quarters was massive, but 7 for holidays quarter is good but that's it, good.

So yes, it seems to have slowed down. That doesn't mean it won't reach the 19 million objective or the aggregated numbers aren't still great., but if moving forward it keeps doing good but not great numbers soon it won't have record numbers.
 
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Regardless of GTA6, PS5 WILL sell better than PS4 unless the world ends in 2026.
Your post: I really would like it if the PS5 sold better than the PS4 but I can't tell you how they're gonna do it

QSwSw2Change
12.74m
21.97m5.82m212%against launch
32.93m4.54m155%
47.23m7.01m97%

~Much~ stronger launch that fizzle afterwards

Thing is 10.4 for launching quarters was massive, but 7 for holidays quarter is good but that's it, good.

So yes, it seems to have slowed down. That doesn't mean it won't reach the 19 million objective or the aggregated numbers aren't still great., but if moving forward it keeps doing good but not great numbers soon it won't have record numbers.
That's it? Everyone was coping about some HORRIBLE holidays sales but then it turns out they're only 3% lower than the first Switch holiday?
 
Your post: I really would like it if the PS5 sold better than the PS4 but I can't tell you how they're gonna do it




That's it? Everyone was coping about some HORRIBLE holidays sales but then it turns out they're only 3% lower than the first Switch holiday?
Yes… 🤣 Basically flat.
 
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Core gamers deeply underestimate the draw of Switch 2 to the general gaming audience. The console comes up in my book club of all places. Every family I know who has a switch one either bought or wants to buy a switch 2 since it's better switch.
 
Your post: I really would like it if the PS5 sold better than the PS4 but I can't tell you how they're gonna do it




That's it? Everyone was coping about some HORRIBLE holidays sales but then it turns out they're only 3% lower than the first Switch holiday?

Switch first times weren't so hot, it got to great numbers in 2019 and specially when the pandemy lockdownsin 2020-21 . So doing slightly worse that Switch first "good' years point right now to it doing that, good but not in Switch 1 ballpark at the end. That doesn't mean it won't do 100 million of course, it will no doubt , but probably won't do 155,150 or 140.
 
Thing is 10.4 for launching quarters was massive, but 7 for holidays quarter is good but that's it, good.

So yes, it seems to have slowed down. That doesn't mean it won't reach the 19 million objective or the aggregated numbers aren't still great., but if moving forward it keeps doing good but not great numbers soon it won't have record numbers.

Unless they have an insane Direct soon and announce some showstopper games. like Nintendo usually do.
 
Nintendo Switch 2 started with a bang, the sales in the first 3 quarters are far ahead of any console previously released:
Zw0eRSt.jpeg
 
That's it? Everyone was coping about some HORRIBLE holidays sales but then it turns out they're only 3% lower than the first Switch holiday?
It's you perception on a basis that some people didn't celebrate and raised, rightfully, concerns about dynamic of platform sales
It was not ~horrible~, it was okeish, and certainly not strong. And actual report reiterate it - okeish holiday sales but certainly not strong especially compared to launch which was really strong
If platform sales goes from really strong to ok in just 7 months, it is a thing to think about
 
The sales are great. BUT I would have expected higher holidays sales considering the momentum it had built up.

Not beating the SW1 first year holiday is strange (and that was one of SW1's lowest holidays).

Possible causes:

demand had begun to saturate by holiday;

higher prices;

heavily-discounted PS5;

more competition (inc. Nex);

no Mario/Zelda;

(and Espana obviously).
 
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Switch first times weren't so hot, it got to great numbers in 2019 and specially when the pandemy lockdownsin 2020-21 . So doing slightly worse that Switch first "good' years point right now to it doing that, good but not in Switch 1 ballpark at the end. That doesn't mean it won't do 100 million of course, it will no doubt , but probably won't do 155,150 or 140.
I would argue this is a pretty pessimistic view

The Switch sold 17.8 million in its first full year, which was already seen as an amazing feat (especially after the Wii U flop). And the sales kept increasing until reaching their peak point during the Covid lockdown, but as I said many times, it would've sold 20+ million these years regardless of Covid. The Covid boom was like 5-6 million more sales, but not more.

So if the Switch 2 starts its first full year with more than 20 million units, and the sales increase until the peak point during year 3, then it will easily sell 100+ million.
 
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Downright impressive. And yeah, I bought one for the holidays. And it's... fine, I guess. But I have yet to buy a Switch 2 game for it.
 
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Apparently the split is 50/50 between Japan and the rest of the world. 900k in Japan, 860k in the rest of the world.
qE9kvPjqD0ivWYLw.jpeg
Yes Kirby has an attach rate of 19% in Japan, and around 7% outside Japan.

It did a lot better in Japan.
 
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Pokemon Legends ZA was the Best Selling game of Q3

pCtsoHJPNLAu4USQ.png


Nintendo's earnings release for the 3rd quarter of the fiscal year ending March 31st 2026 has been published, this covers the three month period from October 1st to December 31st 2025. Nintendo shipped 7.01 million units of Switch 2 hardware and 17.31 million units of Switch 2 software bringing lifetime totals to 17.37 million units for hardware and 37.93 million units for software.

Nintendo shipped 1.36 million units of Switch hardware and 47.37 million units of Switch software bringing lifetime totals to 155.37 million units for hardware and 1500.16 million units for software.

Seven title's sold over one million units this quarter, these were Pokemon Legends ZA (8.41 million), Mario Kart World (4.46 million), Pokemon Legends ZA Nintendo Switch 2 Edition (3.89 million), Super Mario Galaxy 2 (2.42m), Super Mario Galaxy (2.28m), Kirby Air Riders (1.76 million) and Mario Kart 8 Deluxe (1.03 million).

For Nintendo Switch 2, Nintendo maintain their fiscal year shipment forecast of 19 million units for hardware and 48 million units for software.

For Nintendo Switch, Nintendo has maintain their fiscal year shipment forecast of 4.0 million units for hardware and 125 million units for software.


Switch 2 Hardware

Switch 2 Hardware Q3:
7.01m
Regional Split Q3: Japan 2.43m, Americas 2.30m, Europe 1.70m, Other 0.57m

Switch 2 Hardware Total: 17.37m
Regional Split Total: Japan 4.78m, Americas 5.98m, Europe 4.10m, Other 2.50m

Global Shipment History (millions)

DfPHIAMkv4Ns0et5.png



Switch 2 Software

Switch 2 Software Q3:
17.31m
Regional Split Q3: Japan 5.29m, Americas 6.00m, Europe 4.48m, Other 1.53m
Tie Ratio Q3: 2.48

Switch 2 Software Total: 37.93m
Regional Split Total: Japan 9.16m, Americas 14.10m, Europe 10.18m, Other 4.48m
Tie Ratio Total: 2.18

Global Shipment History (millions)

Pz9kU5QoIe8noHEz.png



Switch Hardware

Switch Hardware Q3:
1.36m
Regional Split Q3: Japan 370k, Americas 470k, Europe 350k, Other 170k
Model Variants Q3: Standard 330k, Lite 350k, Oled 570k

Switch Hardware Total: 155.37m
Regional Split Total: Japan 38.14m, Americas 59.45m, Europe 39.91m, Other 17.87m
Model Variants Total: Standard 97.33m, Lite 26.26m, Oled 31.68m

Global Shipment History (millions)

es5n6o0WxScKa7Xc.png



Switch Software

Switch Software Q3:
47.37m
Regional Split Q3: Japan 10.83m, Americas 19.88m, Europe 13.05m, Other 3.61m
Tie Ratio Q3: 34.83

Switch Software Total: 1500.16m
Regional Split Total: Japan 296.24m, Americas 650.51m, Europe 436.87m, Other 116.54m
Tie Ratio Total: 9.66

Global Shipment History (millions)

D2Gk4e9H14ogQ7N9.png



Switch Software Top 10

Total sales followed by the previous total then sales added to the total in Q3
  • Mario Kart 8 Deluxe: 70.59m (69.56m) + 1.03m
  • Animal Crossing New Horizons: 49.32m (48.62m) + 700k
  • Super Smash Bros Ultimate: 37.44m (36.93m) + 510k
  • Legend of Zelda Breath of the Wild: 33.64m (33.34m) + 300k
  • Super Mario Odyssey: 30.27m (29.84m) + 430k
  • Pokémon Scarlet/Violet: 28.08m (27.61m) + 470k
  • Pokémon Sword/Shield: 27.08m (26.96m) + 120k
  • Legend of Zelda Tears of the Kingdom: 22.40m (22.15m) + 250k
  • Super Mario Party: 21.28m (21.23m) + 50k
  • New Super Mario Bros. U Deluxe: 18.80m (18.53m) + 270k
Other
  • Nintendo Switch Sports: 17.84m (16.27m) + 1.57m (Q1+Q2+Q3)
  • Super Mario Bros. Wonder: 17.15m (16.03m) + 1.12m (Q1+Q2+Q3)
  • Super Mario Party Jamboree: 9.41m (8.64m) + 770k
  • Pokemon Legends ZA: 8.41m New
  • Super Mario Galaxy 2: 2.42m New
  • Super Mario Galaxy: 2.28m New
Switch 2
  • Mario Kart World: 14.03m (9.57m) + 4.46m
  • Donkey Kong Bonanza: 4.25m (3.49m) + 760k
  • Pokemon Legends ZA: 3.89m New
  • Kirby Air Riders: 1.76m New
 
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Holiday was slower than Switch 1's first holiday quarter as expected.

Good results regardless, but them not changing the forecast from 19m is strange.

That means they are only expecting to ship around 1.63m this quarter? The Switch 1 shipped 2.93m the same quarter in 2018.
I think they upped their initial projections because they increased production, perhaps 19 million is because of supply.
 
I know ninny themselfs predicts 19m units sold by end of fiscal year, but with such a crazy sales i think 20m sold isnt out of the question either, looks like for every switch2 spain doesnt buy rest of the world(mainly japan and the US) buys 5 :P
 
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Looks like most gaffers agreed switch2 will be succesfull/very succesful and we were right so far, barely any michael pachter alts saying its a maybe or a flop/unsuccesful mashine :D
 
– Switch hardware total – 155.37 million
– Switch software total – 1,500.16 million units
While everyone will be arguing about Switch 2 pace or total hw records - I did want to note here that this is a pretty major milestone.
First handheld (hybrid, whatever) to reach PS2 software sales (well just about - granted SW1 software will keep selling and because of SW2 probably for years to come so that dillutes the comparison - but this year counts).
It's not unlike how PS4 just outpaced PS2 before PS5 launch - and yes since then PS4 software has gone over 2B but then the SW will keep on going probably into PS6...
so that's not the luxury pre-DD era consoles enjoyed - but comparing respective 7-8 years from launch it works - and that's what these are.
 
I know ninny themselfs predicts 19m units sold by end of fiscal year, but with such a crazy sales i think 20m sold isnt out of the question either, looks like for every switch2 spain doesnt buy rest of the world(mainly japan and the US) buys 5 :P
Don't worry Spain are waiting in the wings to ruin the party lol....
 
Switch Hardware Total: 155.37m

Regional Split Total: Japan 38.14m, Americas 59.45m, Europe 39.91m, Other 17.87m
Switch 2 Hardware Total: 17.37m

Regional Split Total: Japan 4.78m, Americas 5.98m, Europe 4.10m, Other 2.50m

Switch 2 Hardware Q3:
7.01m
Regional Split Q3: Japan 2.43m, Americas 2.30m, Europe 1.70m, Other 0.57m
Basically this shows the weakness of Q3

It was carried by Japan, when the rest of the world held back
LTD region split for Switch2 is roughly the same as Switch1 (America slightly behind)
But Q3 Japan is ahead of everyone, America continue to underperform, Europe fallen back by 30% and for rest of the world practically pulled out falling from 50% to 25% of Japan sales
 
While everyone will be arguing about Switch 2 pace or total hw records - I did want to note here that this is a pretty major milestone.
First handheld (hybrid, whatever) to reach PS2 software sales (well just about - granted SW1 software will keep selling and because of SW2 probably for years to come so that dillutes the comparison - but this year counts).
It's not unlike how PS4 just outpaced PS2 before PS5 launch - and yes since then PS4 software has gone over 2B but then the SW will keep on going probably into PS6...
so that's not the luxury pre-DD era consoles enjoyed - but comparing respective 7-8 years from launch it works - and that's what these are.
And that number doesn't include third party digital only games that doesn't have physical version. Is more high than that.
 
Switch 2 Hardware marginally higher than I expected but software was a bit lower. The big underperformers were Metroid Prime 4 and Hyrule Warriors: Age of Imprisonment. The Americas region also underperformed during Q3, Japan sold more hardware and almost sold as much software, the usual trend for Nintendo platforms is that the Americas outsells Japan by 50% for hardware and doubles it for software. Super Mario Galaxy 1 & 2 HD did a bit better than I thought, there seemed to be zero hype around these games at launch.

Some big milestones this quarter.

- Switch outsells DS
- Switch passes 1.5 billion software
- Mario Kart 8 Deluxe passes 70 million
- Super Mario Odyssey passes 30 million
 
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This is what happens when you aren't supply limited. Sony really needs to take notes.
This is what happens when you aren't supply limited and have a great product.

Basically this shows the weakness of Q3

It was carried by Japan, when the rest of the world held back
LTD region split for Switch2 is roughly the same as Switch1 (America slightly behind)
But Q3 Japan is ahead of everyone, America continue to underperform, Europe fallen back by 30% and for rest of the world practically pulled out falling from 50% to 25% of Japan sales
I guarantee this is the topic of the moment at Nintendo BoD.
 
I was thinking I should buy some Nintendo stock over the weekend cos it's probably at its lowest and could easily have a peak to sell during the next year or two and already it's on the uptick since yesterday and likely gonna continue today given the sales data (US stock so not open yet?).

Oh well. Maybe when we get another onslaught of headlines about ram and component shortages and shit it will dip all over again again, hopefully that happens before they've announced the bigger games coming to Switch 2 to mitigate the effects so that they only boost it afterwards🤷‍♂️
 
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This is what happens when you aren't supply limited and have a great product.
Drop the petty warring nonsense. Great products isnt relevant in my point. Both the Switch 2 and the PS5 are great products. The PS5, however, was ridiculously supply-limited for over 2 years!!!!! 2 fucking years, I get COVID and all that, but that's just crazy to me.
 
There are so many impressive accomplishments in this report, I don't know which one I'm more impressed by.

-The Switch surpassing the DS as Nintendo's greatest selling system ever, while also on track to surpass the PS2, while not only never receiving a price drop, but rather a price increase.

-The Switch moving 1.5 billion units of software.

-The Switch 2 moving over 17 million units in 7 months.

-The Switch 2 selling so well, while still not having a mainline Zelda or Mario.

-The Switch 2 selling as well as it has, while not capturing the lucrative Spanish market.

So much to unpack here.
 
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I know ninny themselfs predicts 19m units sold by end of fiscal year, but with such a crazy sales i think 20m sold isnt out of the question either, looks like for every switch2 spain doesnt buy rest of the world(mainly japan and the US) buys 5 :P
"We actually sold 20.3 millionw worldwide but somehow Spain sales were -1.4 million so we missed our forecast by a bit"
 
The big underperformers were Metroid Prime 4 and Hyrule Warriors: Age of Imprisonment

not surprised about Prime 4 underperforming but I am surprised about Hyrule Warriors
Did Hyrule Warriors underperform? It was announced as selling >1M in Koei Tecmo's FYQ3 results iirc. I'm not sure why Nintendo didn't include it here since they usually include all titles that sold at least 1M.

But maybe that's still worse than expected (?).
 
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