SoftBank books $3.7B loss on power equipment for Ohio AI data centre

Nov 13, 2026
The write-down on advance payments for generation equipment pushed SoftBank Group to a $7 billion quarterly net loss, its first in almost two years.

SoftBank Group booked a $3.7 billion loss on payments for power-generation equipment for its US AI data centre plans, pushing it to a $7 billion net loss for its fiscal second quarter, W.Media reports. It is the group's first quarterly net loss in almost two years.

The write-down covers a non-refundable advance payment of $2.85 billion and $880 million in contract changes and settlements made by its subsidiary SB7 for equipment for the 8 GW PORTS-Pike Technology Campus in Pike County, Ohio. SoftBank said SB7 is entitled to rebates of up to $2.1 billion over 10 years on future equipment purchases.

Net sales rose 13.3% to $26.4 billion. SoftBank's cumulative investment in OpenAI now stands at $64.6 billion for a stake of about 13%, and it spent $11 billion on data centre investments in the first half of the year.

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