SoftBank Group reported a net loss of ¥1.12 trillion (approximately $7 billion) for the fiscal second quarter ended September 30, a sharp reversal from the ¥2.5 trillion net profit recorded in the same period a year earlier. Quarterly revenue stood at ¥2.22 trillion.
The primary driver of the loss was a ¥597.2 billion ($3.7 billion) charge in the first half stemming from revised procurement plans for power-generation equipment purchased in advance for US AI data center projects. Additionally, SoftBank's Vision Fund segment swung to a ¥81.58 billion quarterly loss, while declining Intel share prices further weighed on results.
SoftBank Posts ~$7B Net Loss in Q2 as AI Data Center Procurement Costs Hit $3.7B
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