IREN Earnings

IREN reported its FY2026Q2 earnings on 2026-02-05, showcasing a revenue of 0.00 against an estimate of 230.00M, resulting in a 0% surprise. The EPS was 0, surpassing the expected -0.09 by 0% . The stock experienced a 0% price change on the earnings day and a 0% change over the next five days, reflecting market reactions to the results.

Following IREN's FY2026Q2 earnings announcement on 2026-02-05, the stock price moved by % on the day of the release. Over the subsequent five days, it saw a % change. Historically, IREN's stock price tends to shift by an average of -8.28% in the 10 days leading up to earnings and +0.09% in the 10 days following, providing insight into potential market.

For 2026/Q2, analysts estimate IREN’s annual revenue to reach 230.00M, while the EPS is projected at 0.00. These estimates reflect recent revisions, with revenue estimates revised Revenue Revise Downward by -3.3% and EPS estimates Revise Downward by -9.19% over the past three months, indicating analyst expectation in the company’s performance.

The correlation between IREN's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2026 were Revise Downward by -3.3%, while EPS estimates moved Revise Downward by -9.19% . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, IREN's stock price typically moves by -8.28% in the 10 days before its earnings and +0.09% in the 10 days after. For the upcoming 2026/Q2 earnings, analysts expect an EPS of 0.00 and revenue of 230.00M.

The earnings call reveals strong financial performance, significant growth in AI cloud business, and strategic partnerships, notably with Microsoft, which are expected to generate high returns. The positive market strategy and shareholder return plan, including attractive IRRs and prepayment benefits, further enhance sentiment. Despite some unclear responses, the overall sentiment is overwhelmingly positive due to the strategic value of deals, strong demand, and future-proofing measures. Given the small market cap, the stock is likely to see a strong positive reaction, over 8%, in the next two weeks.