Sony Gaming Profit Up 37% — But Tariff Refunds and Currency Moves Drive the Gain

Sony's gaming division posted $337 million in Q1 FY2026 profit, up 37% year-over-year. The increase relied on US tariff refunds and favorable exchange rates, not operational growth. PS5 hardware sales fell from 2.5 million to 1.6 million units, and first-party game shipments dropped by 900,000 units. PlayStation monthly active users rose 2 million to 125 million.