SoftBank Corp raises full-year forecasts after record first half

SoftBank Corp raised its full-year revenue forecast to 7.9 trillion yen from 7.5 trillion yen after first-half revenue rose about 12 percent to 3.80 trillion yen, with enterprise cloud and AI revenue up 37 percent.

Why it matters: The upgrade, driven by AI computing infrastructure demand and improved mobile monetisation rather than one-off items alone, is a read on how fast Japanese enterprise AI spending is converting into telecom revenue.

Data as of SoftBank Corp. results announcement of November 9, 2026 on the company's own site, read in this run; the figures are from the company's November 9, 2026 earnings presentation as reported in full by TelecomLead and corroborated by Telecompaper, both read in this run. Developing item.

SoftBank Corp. reported revenue of 3.7987 trillion yen for the six months to September 30, 2026, up about 12 percent from 3.4008 trillion yen a year earlier, with operating income up 2.1 percent to 642.1 billion yen and net income attributable to owners up 4.5 percent to 364.5 billion yen. Enterprise revenue rose 12 percent to 538.9 billion yen, led by cloud and AI revenue up 37 percent to 163.8 billion yen on AI computing infrastructure demand, while consumer revenue rose 9 percent to 1.6025 trillion yen as mobile ARPU rose 230 yen year on year in the second quarter and smartphone churn fell to 1.31 percent.

The company raised its full-year forecasts, lifting revenue to 7.9 trillion yen from 7.5 trillion yen, operating income to 1.16 trillion yen from 1.10 trillion yen and net income attributable to owners to 610 billion yen from 560 billion yen, with the net income revision partly reflecting an expected gain from the sale of SB Energy interests. The annual dividend forecast was unchanged at 8.80 yen per share.

SoftBank Corp raises full-year forecasts after record first half

Sources