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Sony Forecasts Higher PlayStation Profit and 32% ROIC

The forecast points to a profit rebound even with heavy spending on the next‑gen console.

Overview

  • Sony expects PlayStation operating income to reach about ¥600 billion, or roughly $3.7 billion, in fiscal 2026.
  • The company projects return on invested capital to hit 32.2%, which means profits will equal about a third of the money tied up in the business.
  • Sony says cash earnings, measured as operating income before depreciation and amortization, will stay roughly flat because it is ramping spending on a next‑generation console and it expects chip and memory prices to stay high through FY27.
  • PlayStation set records in FY25 with about $31 billion in revenue, roughly $3.0–$3.1 billion in operating profit, and 125 million monthly users, after more than $700 million in write‑downs tied to Bungie.
  • Sony is developing the next system with AMD under Project Amethyst, and reports suggest a 2027 launch that the company has not confirmed.