AI Business
1d ago
SoftBank reports $7 billion loss due to U.S. data center challenges and Intel stock decline
Nov 10, 2026
AI Summary
SoftBank has announced a net loss of 1.12 trillion yen ($7 billion) for the fiscal second quarter, primarily driven by losses related to U.S. AI data center equipment and declining Intel shares. The company is facing challenges in securing power generation equipment for its AI projects amid rising demand and potential shortages.
- SoftBank reported a net loss of 1.12 trillion yen ($7 billion) for the fiscal second quarter.
- The loss was attributed to issues with U.S. AI data center equipment procurement and declines in Intel shares.
- The company incurred a 597.2 billion yen ($3.7 billion) loss in the first half of the fiscal year due to changes in procurement plans for power generation equipment.
- Cumulative payments for power-generation equipment for U.S. AI data center projects reached $9.48 billion by the end of September.
- Revenue increased by 13.3% in the six months ending September 30, driven by growth in telecommunications and AI computing.
- The Vision Fund segment reported a loss of 81.58 billion yen in the fiscal second quarter, contrasting with a profit of 2.38 trillion yen a year earlier.
- SoftBank's cumulative investment in OpenAI was $54.6 billion, with a fair value of $99.6 billion as of September.
- The company signed a 20-year lease with OpenAI for eight gigawatts of IT capacity at a data center in Ohio.
- SoftBank is implementing measures to reduce water consumption at its planned Texas data center.
- The company announced plans to invest $1.85 billion in AI infrastructure development in Malaysia with partners Grab and PETROS.
softbankfinancial resultsdata centerintelloss