I don't think they will. However you can't judge a FY's sales based on this quarter alone, which is usually the lowest selling quarter of the year. Nintendo were obviously banking on labo to help the switch keep its momentum but that didn't pan out. Considering they still have the 20 forecast then they are relying on Pokémon and smash and their continued legs through Q4. And of course a price cut.
A price cut in Sept (1.5 years after launch) to build momentum going into the holidays would definitely help, but more likely they will start bundling a multiplayer game (Mario Kart-West, Splatoon-Japan) along with an online subscription trial with a slight chance of extra deals during BF/Xmas.
When the herd loses its way, the shepard must kill the bull that leads them astray.