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SoftBank reported a $7 billion quarterly net loss, significantly impacted by a $3.7 billion writedown on advance payments and contract changes for gas turbines. These turbines were intended for US AI data centers, but SoftBank revised its procurement plans after over-ordering, anticipating equipment shortages. This charge is a major factor in their first net loss in nearly two years.

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finance.yahoo.com

Softbank loses $3.7 billion on canceled AI data center gas turbine ...

The gasturbineswere to power AI data centers, andSoftBankis set to build a 9.2-gigawatt power plant in Ohio, with construction scheduled for early 2027. It'll cost $33billionto build and ...

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digitalcitizen.life

SoftBank Takes $3.7 Billion Loss After Canceling AI Data Center Turbine ...

SoftBankhas recorded a$3.7billionlossafter canceling excess gasturbinereservations intended to support its expanding artificial intelligence data center infrastructure in the United States. The Japanese investment company had reportedly secured more than 13 gigawatts of power generation capacity through advanceturbineorders, anticipating severe equipment shortages as AI development ...

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cellcog.ai

SoftBank's Turbine Bet: $3.7B Loss on AI Power Gear

SoftBankhas booked a $3.73billionlosson power equipment it ordered for AI data centers in the United States and no longer plans to take. The figure is in the financial reportSoftBankGroup published on November 10, 2026. Four days earlier Elon Musk had written on X thatSoftBankwas defaulting on itsturbineorders.

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beinsure.com

SoftBank reports $7 bn quarterly loss after $3.7 bn AI turbine writedown

SoftBankGroup recorded a ¥597.2 bn ($3.7bn) writedown after cancelling surplus gasturbineorders intended to supply electricity to artificial intelligence data centers in the United States. The charge contributed to a ¥1.12 tn ($7 bn) netlossfor the fiscal second quarter ended September 30 ...

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aistockwire.com