SoftBank Posts $7 Billion Loss in Q2

Japanese tech investor SoftBank posted a net loss of nearly $7 billion in the quarter ended September 2026, marking its first loss-making quarter in nearly two years. While Lenskart and Meesho drove valuation gains worth $394 million, rising data center buildout costs and sharp financing payments hurt the firm. Net sales reached $14.1 billion, up 15.6% from the previous year.