SoftBank Group reported fiscal second-quarter net income of 214.48 billion yen, beating expectations, while first-half consolidated revenue reached a record 3.79 trillion yen, supported by 37% growth in cloud and AI revenue. Its shares rose 12.6% to 3,831 yen amid institutional buying and a short squeeze. However, the group posted a second-quarter net loss of $7 billion, with profits hurt by falling Arm and Intel share prices. SoftBank Corp separately reported a quarterly loss of 1.12 trillion yen, while heavy debt and intensive AI investment are contributing to volatility in the group’s performance.
The Japanese investment giant reported a 1.1 trillion yen net loss, falling sharply below analyst expectations that had anticipated a potential quarterly profit.
Read the full storyThe group reported Q2 net income of 214.48 billion yen, beating estimates as cloud and AI revenue surged 37% to drive record performance.