SoftBank Group recorded a ¥597.2 billion, or $3.7 billion, writedown after cancelling gas turbine orders intended to power AI data centers in the United States. The charge contributed to a ¥1.12 trillion, or $7 billion, net loss for the fiscal second quarter ended September 30, 2026. Subsidiary Silver Bands 7 LLC had reserved more than 13 gigawatts of turbines to secure manufacturing capacity, although its 9.2-gigawatt Ohio facility required a smaller amount. Advance payments for U.S. power generation equipment reached $9.48 billion, and cancelling the surplus orders triggered the writedown. SoftBank nevertheless retains rights to conditional rebates of up to $2.1 billion on future turbine purchases while continuing its AI investments, including a 13% stake in OpenAI valued at $64.6 billion and a $1.85 billion commitment in Malaysia.
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