Earnings call transcript: SoftBank Q2 2026 loss weighs on results, stock jumps 14%
SoftBank Group Corp. disclosed a significant second-quarter fiscal 2026 net loss of JPY 768 billion, primarily driven by massive write-downs from AI infrastructure and derivatives, despite gains in its investment portfolio. Shares of the company surged 13.88%, reaching $3,872, following the earnings call. The company raised JPY 9 trillion in financing, the highest amount in its history, with a loan-to-value ratio of 15.9% at quarter-end.
SoftBank's CFO, Yoshimitsu Goto, indicated a shift towards a more balanced investment approach amidst market volatility, while emphasizing the company's commitment to AI investments and its long-term growth prospects through projects like PORTS-Pike in Ohio, a 8 GW AI data center with OpenAI as off-taker.
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Also reported by 3 other outlets
- SoftBank Group logs 768 bil. yen loss in 1st half on U.S. data center plan mainichi.jp
- SoftBank reports Q2 net loss of $7B vs. a ~$15.8B profit a year ago, on ~$14B revenue vs. ~$12.8B est. as tech selloff weighs on results; shares close up 13.9% (Jenny Lee/CNBC) cnbc.com
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