SoftBank takes $3.7 billion hit after over-ordering turbines for AI data centers

A writedown tied to excess gas turbine reservations pushed SoftBank to a $7 billion quarterly net loss SoftBank Group has booked a ¥597.2 billion ($3.7 billion) writedown after cancelling gas turbine orders it had placed to power AI data centers in the United States. The charge helped drag the company to a net loss of ¥1.12 trillion ($7 billion) for its fiscal second quarter. The loss traces back to Silver Bands 7 LLC, a SoftBank subsidiary. Its job was to lock in manufacturing capacity for gas turbines before competitors could. SoftBank reserved more than 13 gigawatts of gas turbines between late 2025 and early 2026. That overshot what its 9.2-gigawatt Ohio facility needed. The Ohio project is tied to the PORTS-Pike Technology Campus, which is leased by OpenAI .

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