SoftBank Q2 Loss Tops $7 Billion on Data Center Power Write-Off

SoftBank Group swung to a net loss of ¥1,115.3 billion, about $7.0 billion at the ¥160.12 per dollar average SoftBank used for the quarter, in the three months to September 30, 2026. Reported in Tokyo on November 10, the print reversed a ¥2,502.2 billion profit from the same quarter a year earlier and handed the group its first quarterly net loss in almost two years.

Key Takeaways SoftBank posted a ¥1,115.3 billion (about $7.0 billion) net loss for the quarter ended September 30, its first in almost two years, versus a ¥2,502.2 billion profit a year earlier. The loss came from funding, not demand: revenue rose 15.6% to ¥2,215.4 billion, while a ¥597.2 billion power-equipment write-off and ¥59…