From a practical perspective, they "won" in their recent attacks on emulation by shutting big projects down, but we can't know what would have happened at trial because they never got that far.
NoA sued the Yuzu devs and settled out of court, with the devs paying $2.4 million and shutting down the Yuzu and Citra projects. The $2.4 million was noted as being a reasonable estimate of what Nintendo's lawyers would have billed if the case went to trial, not a reflection of Yuzu's collection of donations.
NoA used some combination of carrot-and-stick to get the Ryujinx developers to shut that project down as well, but we won't know what that combination was because they never filed a lawsuit, so there are no public records, and there was likely an NDA.
