# SoftBank swings to $7 billion net loss in fiscal second quarter

> Original title: SoftBank swings to $7 billion net loss in second quarter as tech selloff weighs on results

- Source: CNBC · Technology
- Published: 2026-11-10T06:54:32.000Z
- Bad Influence: https://badinfluence.news/items/vq2n89cpca5b3blc0geypqbu7
- Original: https://www.cnbc.com/2026/11/10/softbank-2q-earnings-tech-selloff.html

## Summary

SoftBank reported a fiscal second-quarter net loss of 1.12 trillion yen ($7 billion) on Tuesday, compared with a net profit of 2.5 trillion yen a year earlier. Revenue rose to 2.22 trillion yen, above LSEG estimates of 2.02 trillion yen. SoftBank shares closed 13.9% higher on the day as Asian technology stocks rebounded.