Tag: #softbank

Corporate Earnings

SoftBank Group Reports $7 Billion Net Loss as AI Infrastructure Costs and Intel Declines Weigh on Earnings

Tuesday, November 10, 2026 | 09:37

Japanese investment and technology giant SoftBank Group reported a staggering fiscal second-quarter net loss of 1.12 trillion yen, equivalent to approximately $7 billion, on Tuesday. The heavy financial blow was driven primarily by extensive costs tied to U.S. artificial intelligence data center equipment procurement and valuation declines in prominent public holdings, including Intel shares. The […]