SoftBank Posts $7.1 Billion Loss as Overbooked 13 Gigawatts of Gas Turbines Sour
Updated
Updated · TechCrunch · Nov 12
SoftBank Posts $7.1 Billion Loss as Overbooked 13 Gigawatts of Gas Turbines Sour
3 articles · Updated · TechCrunch · Nov 12
Summary
$7.1 billion of quarterly losses hit SoftBank, with more than half tied to power-generation equipment after the company wrote down nonrefundable turbine deposits.
More than 13 gigawatts of turbines were reportedly reserved—about 50% above SB Energy's needs—to lock in scarce supply as AI-driven power demand pushed delivery queues into the early 2030s.
That strategy helped secure equipment quickly, but much of the excess ordering is now considered worthless as data-center operators reassess how much gas capacity they actually need.
Analysts say developers are increasingly favoring smaller grid connections backed by large batteries, which may slow natural-gas buildouts even if AI power demand remains strong.