SoftBank takes $3.7B earnings hit mostly from canceled turbine reservations

Published Wednesday, November 11, 2026 · 7:38 AM EST

SoftBank reserved more than 13GW of gas turbines to power AI, the Wall Street Journal reported, citing sources. The company took a $3.7B earnings hit, mostly from canceled reservations. The reserved turbines represented generating capacity equivalent to six Hoover Dams.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.

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