SoftBank (SFTBY) reports a $7 billion loss, including $3.7 billion tied to power equipment it paid for early for AI data centers

Key points SoftBank posts a $7 billion quarterly loss Why SoftBank booked a $3.7 billion equipment-related loss SoftBank's CFO answers Elon Musk's turbine claim SoftBank Group (SFTBY) reported a net loss of 1.12 trillion yen, or about $7.0 billion, for the July-to-September quarter on Tuesday. A year earlier, it earned 2.5 trillion yen. Revenue came to 2.22 trillion yen, above the 2.02 trillion yen analysts expected, according to LSEG estimates cited by CNBC. The quarter included a 597.2 billion yen loss, about $3.73 billion, tied to power equipment SoftBank had lined up for AI data centers in the US, according to its financial report. SoftBank's earnings presentation puts the whole charge in the July-to-September quarter. SoftBank's Tokyo shares closed up 13.9% at 3,872 yen on Tuesday. The results came out at 3:30 p.m. Tokyo time, when the market closes. The shares had fallen 44.8% between Sept. 30 and Nov. 6. What did SoftBank pay for, and what did it lose?

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