Nintendo Says AI Memory Inflation Could Add Nearly $700 Million in Costs

Nintendo Co. Ltd. (OTC: NTDOY ) reported stronger-than-expected fiscal first-quarter results as U.S. tariff refunds, favorable currency effects and solid game sales helped offset weaker Switch 2 hardware demand. The company maintained its full-year outlook despite rising memory costs and tariff pressures. Earnings Beat Expectations Nintendo reported revenue of 517.8 billion yen, above expectations of 444.96 billion yen, while net profit came in at 147.4 billion yen, ahead of the 78.30 billion yen analysts expected, CNBC reported. In U.S. dollar terms, earnings per share came in at 20 cents, beating the 10-cent analyst estimate, while revenue of $3.249 billion topped the $3.080 billion consensus estimate. Operating profit rose 150.5% to 142.6 billion yen, beating the 70.3 billion yen average analyst estimate compiled, Nintendo also kept its full-year operating...