SoftBank Group Q2 FY2026 Results
SoftBank Group posted an unexpected net loss attributable of 1.12 trillion yen, equivalent to $7.09 billion, for the three months ended 30 September 2026. Bloomberg had forecast a profit of 129.32 billion yen, and the company had reported a profit of 2.50 trillion yen in the same quarter a year earlier.
Losses and Expenses
The firm booked a 597.25 billion yen loss over the six‑month period to 30 September from "realigning" its procurement plans for power‑generation equipment needed for U.S. AI data‑center projects. In addition, SoftBank recorded an investment loss of 133.59 billion yen during the quarter. Its flagship Vision Fund posted a gain on investments of 245.6 billion yen, a sharp decline from the 2.755 trillion yen gain recorded a year earlier. Financing costs rose sharply to 461.9 billion yen, driven by a margin loan secured against its Arm holdings, substantial bond issuances, and generally higher funding rates.
Share Performance and Valuations
SoftBank shares have shed more than 25 percent of their value over the past month, reflecting heightened market concerns about the conglomerate’s exposure to AI and the U.S. data‑center build‑out through its investment in OpenAI. The fair valuation of SoftBank’s OpenAI stake remained unchanged at $99.6 billion from the March assessment.
External Factors
Investor sentiment was further pressured by the Democratic Party’s sweeping victory in the U.S. mid‑term elections, which heightened expectations of increased regulatory scrutiny on AI data‑center expansions and contributed to a broad sell‑off in global technology shares. Separately, SoftBank’s planned $5.4 billion acquisition of ABB’s robotics division was blocked by Chinese authorities, representing an additional setback for the group.