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Nintendo beats on Switch 2 console sales as the original Switch becomes the company’s bestselling console ever

Iconic gaming company Nintendo revealed that it sold around 7 million Switch 2 consoles in the third quarter, ended in December, topping analysts’ average estimate for 6.5 million sales and pushing cumulative Switch 2 sales past 17 million, making it the “fastest-selling dedicated video game platform” in Nintendo’s history, per the company.

Separately, the predecessor to the Switch 2 quietly became Nintendo’s bestselling console ever, having now sold 155.4 million units since its launch in 2017, according to The Verge, overtaking the mighty Nintendo DS, released in 2004, which sold 154 million units in total.

Heading into the print, Nintendo’s shares rose modestly in trading in Japan — gains that the stock has broadly held onto in Tuesday’s session, adding 1.8%. The ADRs, listed in the US, which have been impacted by currency volatility between the US dollar and Japanese yen, rose 5.7% on Monday.

For the third quarter, revenue came in at 806.3 billion yen ($5.2 billion), below estimates of 815.7 billion yen. Margins were also a little light, with operating income coming in at 155 billion yen, below estimates for 181 billion yen, per Bloomberg.

Nintendo maintained its full-year revenue and profit guidance, as well as its forecast of 19 million Switch 2 unit sales for the fiscal year ending March 2026.

The gaming giant’s shares had hit a record high last summer following the Switch 2’s launch, but are now down ~35% from that peak, with the company’s profitability weighed down by tariffs and rising memory chip costs — a key component in its consoles — as chipmakers prioritize more profitable demand from AI data centers.

Still, higher chip prices “will not have a significant impact in the third and fourth quarter performance,” though a prolonged price surge could “put pressure on earnings,” President Shuntaro Furukawa said on the earnings call.

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Super Micro crushes estimates for Q2, offers strong guidance

The AI server company just released its fiscal Q2 results.

Super Micro Server

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J. Edward Moreno4h

Chipotle beats Q4 estimates, but sinks on underwhelming full-year guidance

Chipotle reported earnings results that beat Wall Street estimates, but gave underwhelming full-year guidance.

For the last three months of 2025, Chipotle reported:

Adjusted earnings per share of $0.25, compared to the $0.24 analysts polled by FactSet were expecting.
Revenue of $3 billion, a bit higher than the $2.9 billion the Street was penciling in.
A comparable-store sales decline of 2.5%, less than the 2.9% decline the Street was expecting.

For the full year in 2026, Chipotle expects:

Comparable-store sales to be flat, compared to the 1.7% growth analysts were expecting.

Chipotle has struggled to spark sales over the past year and has previously cited strained consumers as a major headwind. The company fell more than 9% in after-hours trading shortly after the report was released.

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Max Knoblauch4h

Take-Two raises its net bookings outlook, reaffirms November release for “Grand Theft Auto 6”

“Grand Theft Auto” and “NBA 2K” maker Take-Two reported results for its fiscal third quarter on Tuesday. Its shares climbed about 4% in after-hours trading.

The company posted net bookings, or the amount customers spent on its products, of $1.76 billion, up 28% from the same quarter last year. Wall Street analysts polled by FactSet expected $1.58 billion. In November, Take-Two guided for Q3 net bookings of between $1.55 billion and $1.6 billion.

Take-Two hiked its full-year bookings outlook to between $6.65 billion and $6.7 billion, up from a range of $6.4 billion to $6.5 billion. The new outlook compares to Wall Street’s $6.47 billion estimate. The gaming giant trimmed its full-year net loss guidance to between $369 million and $338 million (prior guidance: between $414 million and $349 million).

In its last quarter, Take-Two pushed back the planned release date of “Grand Theft Auto 6” from May 2026 to November 19, 2026. The company reaffirmed that date in Tuesday’s report. The game’s last trailer came in May 2025.

Shares of Take-Two and other major gaming companies have been sinking since late last week as investors react to early showcases of Google’s Project Genie, which allows users to generate interactive, “playable” worlds with a text or image prompt. As of Tuesday’s close, Take-Two has shed nearly $6 billion in market cap since Project Genie was released.

Analysts have called the market reaction unjustified, saying that the tool doesn’t allow for meaningful interactivity or replay-ability. According to mBank analyst Piotr Poniatowski, Project Genie is — at the moment — essentially a “one-minute-long walking simulator generator.”

AMD posts big beat in Q4 with sunny Q1 sales guidance

The No. 2 in GPUs just reported its fourth-quarter results.

TAIWAN-TECH-BUSINESS-SEMICONDUCTORS-AI-COMPUTEX

Tasha Matsumoto, Luke Kawa

Tech drags down stocks as Anthropic’s AI tool threatens software companies

Every Mag 7 stock except for Tesla fell as investors rotated out of tech and into a more defensive posture.

Chicago Bears quarterback Dave Krieg shows dejection during a game against the Green Bay Packers on October 6, 1996 in Chicago. Green Bay won the game 37-6.

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