Nintendo Patents Watch

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Knowledge-based discourse

Switch Game Card Suppliers’ Latest Financial Reports

Let’s check in on the Game Card suppliers’ financial reports.

MegaChips (メガチップス): After years of sales decline (img 1 below), its Apr-Jun sales grew 56% YoY, mostly because of the “amusement business” (i.e., Game Card biz; img 2)—suggesting that it’s finally shipping Switch 2 Game Cards after a long delay.

[Chart] MegaChips net sales https://www.megachips.co.jp/english/irinfo/finance/sales/ 2022/3: 75,256 million JPY2023/3: 70,722 million JPY2024/3: 57,942 million JPY2025/3: 42,326 million JPY2026/3: 36,169 million JPY
[Slide] MegaChips FY2026 1Q(ending March 2027) Result https://pdf.irpocket.com/C6875/xoA3/ieAo/huql/Fbiv.pdf Consolidated results (P/L) Breakdown Sales ＋3,660M JPY 【Reasons for YoY Changes】 • Amusement business: Product sales increased yearon-year.

Macronix (旺宏): As MegaChips’ manufacturing partner, its ROM sales also grew 37% YoY in Apr-Jun (img below). As evident in the chart, the company is making a mint from the NAND and NOR price surge, therefore very little was said about the ROM business in the earnings call. No investor/analyst questions either, its ROM biz has become an afterthought.

[Slide] Macronix International Co., Ltd. Second Quarter 2026 Results https://www.mxic.com.tw/Lists/QuarterlyResults/Attachments/656/2026q2webcast_ppt_en.pdf Quarterly Sales Breakdown by Products ROM QoQ Change +40% YoY Change +37%

Rohm (ローム): Similarly, Rohm talked mostly about its automotive and AI server business in the Apr-Jun report. The sales of Game Cards (img 1 below, under Consumer » Others) saw no change YoY. This is consistent with its flat forecast for the full year (img 2).

[Slide] ROHM Co., Ltd. Financial Results for Q1 FY2026 https://fscdn.rohm.com/en/financial/account/2606_supplementary_en.pdf [Q1 FY2026] Sales by Market Segment (YoY) Consumer » Others +0.0 billion JPY
Rohm Financial Results for FY2025 (presentation slide): [FY2026 Plan] Sales by Market Segment (YoY) Consumer 1.5% Others +0.8 (Billion ¥)

As I noted last quarter, if we combine MegaChip’s growth forecast and Rohm’s flat forecast, the Game Card sales is expected to increase this FY, even though Nintendo’s software forecast is flat. The divergence is possibly due to the rising memory costs, and/or Nintendo’s forecast being too conservative.

[Originally posted on 2026-08-09 Pacific Time]