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SoftBank shares surge 10% after telecom unit lifts outlook, Arm strength bolsters AI narrative
CNBC· 2026-02-10 03:59
Group 1 - SoftBank Group Corp's shares increased over 10% following its telecom arm, SoftBank Corp, raising its full-year profit outlook and positive sentiment around Arm Holdings' AI exposure [1] - For the first nine months of fiscal 2025, SoftBank Corp reported an 8% revenue increase to 5.2 trillion yen and an 8% rise in operating income to 884 billion yen, marking a record for the period [1] - The telecom subsidiary revised its full-year revenue forecast to 6.95 trillion yen from 6.7 trillion yen and increased its operating income target to 1.02 trillion yen, indicating steady execution towards fiscal 2025 goals [2] Group 2 - The consumer business saw a modest revenue gain of 3%, with segment income rising by 6%, despite a loss of 100,000 smartphone subscribers in the third quarter due to a tightened customer-acquisition policy [3]