SoftBank Vision Fund Q3 AI Gain: +$24B from OpenAI, Reports $16B Profit

SoftBank announced on February 12, 2026, that its Vision Fund posted a $24 billion increase in investment gains for the third fiscal quarter, driven by a $42 billion return on its stake in OpenAI, which offset write-downs from Coupang and Didi Global, and equity reductions related to ByteDance's stake. The firm reported a net profit of $16 billion for the quarter, turning a prior-year loss into a profit, slightly below analyst expectations. SoftBank's $40 billion investment in OpenAI, representing about 11% of the company, accounted for a significant portion of the gains. From April to December, investment returns in OpenAI totaled $170 billion. SoftBank's broader exposure includes ARM Holdings and companies in robotics and autonomous vehicles, with the firm's shares rising sharply on strong telecom earnings and a positive ARM trend.