Switch 2 sold 2.67M last quarter, down 41%. Verdict: WAIT

Arjun Kharpal at CNBC dated the earnings brief November 5, 1:50 a.m. EST, updated 2:30 a.m. EST. Nintendo “sold 2.67 million units of the Switch 2 in the three months ended Sept. 30, down 41% from the same period last year.” That quarter also sat below “the 3.82 million units sold in the prior quarter.” This desk checked Nintendo’s own IR pack the same morning. The English highlights PDF is a six-month file, not a standalone quarter P&L; the 2.67 million quarterly unit line is CNBC’s, corroborated by Nintendo’s first-half hardware total.

What Nintendo’s IR pack actually prints

• English earnings PDF, six months ended September 30, 2026: Switch 2 hardware “totaling 6.49 million units.” Switch 2 software 24.49 million. Original Switch hardware 1.27 million. Net sales 966.0 billion yen. Operating profit 216.5 billion yen, up 49.1%. Profit attributable to owners of parent 220.9 billion yen.
• English explanatory material: Switch 2 first-half hardware down 37.4% from 10.36 million a year earlier. Digital sales 249.6 billion yen, up 60.5%, 60.7% of dedicated-platform software sales. IP-related income 62.7 billion yen, up 87.9%. Full-year Switch 2 hardware forecast unchanged at 16.50 million units (FY26 actual 19.86 million).
• Dedicated Video Game Sales Units page, as of September 30, 2026: Switch 2 lifetime hardware 26.35 million, software 73.21 million.
• CNBC’s 2.67 million plus its 3.82 million prior quarter equals Nintendo’s 6.49 million first half. That is arithmetic on two sourced figures, not a third Nintendo line.

The quarter CNBC put against estimates

CNBC’s quarterly P&L versus LSEG averages is not in the English highlights PDF this desk loaded — that PDF is six-month. CNBC: revenue 448.2 billion yen against 481.37 billion expected; net profit 73.5 billion against 82.16 billion expected. Treat those two as CNBC/LSEG, not a Nintendo IR table on this page. CNBC also writes that Nintendo “rolled out price increases for the Switch 2 in the U.S., Canada and Japan after hiking the cost of the device in Japan earlier in the year,” with memory “driving an unprecedented price surge.” Nintendo’s English pack factors “approximately 100.0 billion yen due to rising component prices, particularly for memory, and tariff measures” into full-year cost of sales. It does not print a new US sticker on that PDF. This page is not inventing one.

The software Nintendo is pointing at

Nintendo’s English results note names first-half software that already shipped: Star Fox (1.17 million), Splatoon Raiders (2.42 million), Fire Emblem: Fortune’s Weave (1.34 million), plus last year’s Mario Kart World and Pokémon Pokopia. Looking forward, the same PDF: Switch Sports Resort in October, “The Legend of Zelda: Ocarina of Time, released in November,” Metroid Ravenous in January. Nintendo’s US store page for the remake prints “Releases 11/5/26” and “November 5, 2026.” CNBC: the remake “was released on Thursday,” and “new Pokémon games slated for release in 2027.” No 2027 Pokémon street date on that CNBC page.

Nintendo’s only real blockbuster this fiscal year is the Ocarina Of Time remake. It’s not enough to make investors happy, especially after the device is now as expensive as it is.— Serkan Toto, CEO of Kantan Games, to CNBC, Nov 5

Toto’s next line on that CNBC page: hardware is harder to sell without hits, and Nintendo “must step on the gas and deliver more big games next fiscal year.” That is an analyst, not Kyoto. This site’s Tech & Gear pages cover phones, watches, and audio. There is no Switch 2 Worth it review on respawnhq.net or actuallyworthit.com. The hub is still https://respawnhq.net/tech. This week’s release board already had the Thursday Zelda date: https://respawnhq.net/articles/new-games-this-week-november-2-8-2026