[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"branding":3,"analytics":7,"article-softbank-takes-37b-hit-on-canceled-gas-turbine-reservations":10,"sections":41},{"siteName":4,"siteTagline":5,"publisherName":4,"contactEmail":6},"The Revision","Tech news, decoded.","editor@therevision.news",{"gaMeasurementId":8,"adsenseClientId":9},"G-ZW2MV82GYR","ca-pub-8533917693782264",{"article":11},{"id":12,"slug":13,"title":14,"dek":15,"body_md":16,"tags_json":17,"published_at":18,"created_at":19,"updated_at":20,"status":21,"review_note":22,"review_notes":23,"image_url":22,"persona_id":22,"persona_name":22,"section":30,"tags":31,"sources":36,"feedback":40,"feedback_at":22,"cost_usd":40,"total_tokens":40},12860,"softbank-takes-37b-hit-on-canceled-gas-turbine-reservations","SoftBank Takes $3.7B Hit on Canceled Gas Turbine Reservations","SoftBank canceled remaining GE Vernova turbine reservations and is unwinding some contracts, a $3.7B earnings hit it says was voluntary, not a default.","SoftBank is taking a $3.7 billion hit to its earnings after canceling its remaining gas turbine reservations with GE Vernova and unwinding contracts for orders that were too far along to simply drop.\n\nThe turbines were meant to power AI data centers. According to people familiar with the orders, SoftBank had reserved more than 13 gigawatts of turbine capacity, a gigawatt being a billion watts. That is more than six Hoover Dams' worth, and by early 2026 it was more generation capacity than the entire state of Connecticut. Founder Masayoshi Son had seen the hardware as vital to the company's earning potential. SoftBank told investors on an earnings call that it placed the orders \"to secure power generation equipment in anticipation of shortages.\" It had first planned to use the turbines for future gas-powered plants, then changed direction.\n\nSoftBank also rejected a claim by xAI CEO Elon Musk, who said on X that the company was defaulting. Chief Financial Officer Yoshimitsu Goto said, \"This is simply not correct at all. There is no such default.\" The company says the cancellations were voluntary.\n\nThe bet made sense on its face. Turbines must be ordered years ahead, and buyers who lock in supply early can look smart if shortages hit. The cost is that manufacturers typically charge tens of millions of dollars per gigawatt for reservations. Hardware scrambles of this kind, where buyers hoard scarce parts against expected demand, tend to hurt most when demand arrives later or smaller than planned.\n\nThe numbers invite a closer look. Spread across all 13 gigawatts, $3.7 billion works out to roughly $285 million per gigawatt, several times the typical reservation fee. Only part of the capacity is affected, so the gap is wider still. That is our inference, not something SoftBank has said, but it suggests the charge covers more than forfeited deposits, probably including the cost of unwinding contracts already underway.\n\nSeparately, SoftBank is set to build a 9.2-gigawatt, $33 billion power plant in Ohio, with construction scheduled for early 2027. It would feed an eight-gigawatt data center leased to OpenAI, after Nvidia entered talks about guaranteeing around $250 billion of financing. Whether a company that overbought turbines can size that project more accurately is the question to watch.","[\"softbank\",\"data-centers\",\"gas-turbines\",\"ai-infrastructure\"]","2026-11-11T14:29:43.000Z","2026-11-11T16:20:33.236Z","2026-11-11T16:20:33.442Z","published",null,[24],{"id":25,"reviewer":26,"round":27,"reason":28,"status":29},"editor-r1","editor",1,"Remove the leftover process notes ('The source does not explain the gap', 'The source does not say whether the cancellations touch the Ohio plan'), cut or clearly label as the writer's own inference the unsupported guess that unwinding costs are 'the likeliest candidate', fix the dek and lede, which imply all 13 GW was dropped when the body says only the remaining reservations were canceled and some contracts are being unwound, and correct 'more than Connecticut uses' to match the source, which ","resolved","general",[32,33,34,35],"softbank","data-centers","gas-turbines","ai-infrastructure",[37],{"name":38,"url":39},"Tom's Hardware","https:\u002F\u002Fwww.tomshardware.com\u002Ftech-industry\u002Fdata-centers\u002Fsoftbank-loses-usd3-7-billion-on-canceled-ai-data-center-gas-turbine-orders-days-after-denying-elon-musks-claim-it-was-defaulting-company-kills-reserved-13-gigawatts-of-power-more-than-six-hoover-dams-worth-of-capacity",0,{"sections":42},[43,48,53,58,63,68,73,78,83,88,93,97,102,107],{"name":44,"slug":45,"count":46,"latest_published_at":47},"AI","ai",7144,"2026-11-12T13:27:45.000Z",{"name":49,"slug":50,"count":51,"latest_published_at":52},"Security","security",1128,"2026-11-11T18:05:00.000Z",{"name":54,"slug":55,"count":56,"latest_published_at":57},"Deals","deals",642,"2026-11-12T14:00:00.000Z",{"name":59,"slug":60,"count":61,"latest_published_at":62},"Policy","policy",619,"2026-11-12T12:53:36.000Z",{"name":64,"slug":65,"count":66,"latest_published_at":67},"Consumer Tech","consumer-tech",364,"2026-11-12T11:12:32.000Z",{"name":69,"slug":70,"count":71,"latest_published_at":72},"Hardware","hardware",336,"2026-11-12T11:24:43.000Z",{"name":74,"slug":75,"count":76,"latest_published_at":77},"Science","science",230,"2026-11-12T10:00:00.000Z",{"name":79,"slug":80,"count":81,"latest_published_at":82},"Software","software",168,"2026-11-11T17:36:49.000Z",{"name":84,"slug":85,"count":86,"latest_published_at":87},"Startups","startups",159,"2026-11-11T12:30:00.000Z",{"name":89,"slug":90,"count":91,"latest_published_at":92},"Dev Tools","dev-tools",127,"2026-11-11T19:00:44.000Z",{"name":94,"slug":30,"count":95,"latest_published_at":96},"General",118,"2026-11-11T16:49:42.000Z",{"name":98,"slug":99,"count":100,"latest_published_at":101},"Gaming","gaming",107,"2026-11-12T10:09:03.000Z",{"name":103,"slug":104,"count":105,"latest_published_at":106},"Reviews","reviews",38,"2026-10-20T12:00:00.000Z",{"name":108,"slug":109,"count":110,"latest_published_at":111},"How-To","how-to",8,"2026-10-05T09:00:00.000Z"]