2026-08-06 · buy-side

SoftBank quarterly profit falls 18% despite big Intel gains

TOKYO -- SoftBank Group reported an 18% fall in quarterly profits on Thursday, as higher costs and derivatives losses outweighed a surge in gains from investments, such as in chipmaker Intel, that were held outside its Vision Funds.

CFO calls tripling of US chipmaker's share price in June quarter 'positive surprise'

SoftBank Group CFO Yoshimitsu Goto defended its AI investments at a press conference, saying OpenAI retained an "overwhelming first-mover advantage" among consumers. (Photo by Yusuke Yagi)