Earning Analysis
Welcome to our in-depth analysis of IREN Ltd(IREN) earnings, offering investors a detailed look into the company’s financial performance, revenue trends, earnings per share (EPS), and market reactions. This page provides a comprehensive overview of IREN Ltd earnings history, forecasts, and key financial metrics, empowering you with the data needed to make informed investment decisions. Whether you're tracking quarterly results, analyzing earnings surprises, or exploring future projections, our detailed breakdown covers it all.
Earnings Forecast
Revenue
EPS
Currency: USD
Actual
Estimate
Surprise Analysis
| FY2026Q1 | 2025-11-06 | After Hours | 0.14 | -0.34 | -342.86 | 228.50M | 244.00M | +6.78 | -6.84 | -16.82 |
| FY2025Q4 | 2025-08-28 | After Hours | 0.17 | 0.08 | -52.94 | 187.51M | 188.90M | +0.74 | +14.93 | +13.41 |
| FY2025Q3 | 2025-05-14 | After Hours | 0.17 | 0.11 | -35.29 | 149.33M | 148.10M | -0.83 | -2.76 | +8.03 |
| FY2025Q2 | 2025-02-12 | After Hours | -0.04 | 0.09 | +325.00 | 118.36M | 119.59M | +1.04 | +0.54 | -5.00 |
| FY2025Q1 | 2024-11-26 | After Hours | -0.11 | -0.22 | -100.00 | 54.75M | 54.39M | -0.67 | +29.71 | +49.27 |
| FY2024Q4 | 2024-08-28 | After Hours | 0.00 | - | - | 57.38M | 57.44M | +0.10 | +14.82 | -8.76 |
| FY2024Q3 | 2024-05-15 | - | 0.12 | 0.08 | -33.33 | 51.79M | 54.35M | +4.95 | +6.78 | +51.95 |
| - | 2023-02-15 | - | -0.11 | -0.73 | -563.64 | - | - | - | +66.99 | +26.95 |
| - | 2022-05-11 | - | 0.14 | -0.05 | -135.71 | - | - | - | -10.29 | -22.92 |
| - | 2022-02-09 | - | 0.17 | -0.87 | -611.76 | - | - | - | -0.56 | +1.11 |
IREN Earnings Analysis
Our earnings analysis provides a granular look at the company’s performance across recent fiscal quarters, highlighting key metrics such as revenue, EPS, and operating margins. By examining actual results against analyst estimates, we uncover trends and surprises that drive stock price movements, offering valuable insights for both short-term traders and long-term investors.
In the most recent quarter, IREN Ltd reported performance for FY2026Q1, announced on 2025-11-06. The company achieved an EPS of -0.34, compared to analyst estimates of 0.14 by -342.86% . Revenue for the quarter reached 244.00M compared to expectations of 228.50M by 6.78% .
The stock price reacted with a -6.84% one-day change and a -16.82% five-day change following the earnings release. These movements reflect market reaction in IREN Ltd growth trajectory and strategic initiatives.
IREN Earnings Forecast
Looking ahead, IREN Ltd(IREN) remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2026/Q2 project quarter revenue of 233.54M and an EPS of -0.09.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2026 have been Revise Upward by 4.92%, while EPS estimates have been Revise Downward by -37.3%. For the upcoming Q2 2026, revenue estimates have been adjusted Revise Upward by 2.55% . These revisions correlate with a 77.63% change in stock price over the same period, suggesting potential buying opportunities for investors who believe in IREN Ltd long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
Estimate Revision
The chart shows the correlation between IREN's stock price and earnings forecast revisions. Positive revisions in Revenue or EPS often strengthen the stock's fundamentals, making price dips potential buying opportunities.
Revenue Estimates for FY2026
Revise Upward
+4.92%
In Past 3 Month
EPS Estimates for FY2026
Revise Downward
-37.3%
In Past 3 Month
Revenue Estimates for Q2 2026
Revise Upward
+2.55%
In Past 3 Month
Stock Price
Go Up
+77.63%
In Past 3 Month
1Y
3Y
5Y
Annual FY 2026
Currency: USD
1Y
3Y
5Y
--
Revenue Estimate-Annual FY 2026:1.15B
--
EPS Estimate-Annual FY 2026:0.75
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Stock Price46.45
IREN Revenue and EPS Performance: A Historical Perspective
IREN Ltd revenue and earnings per share (EPS) performance over recent quarters provides a clear picture of its financial health. Below is a detailed breakdown of the company’s earnings history, showcasing actual results, analyst estimates, and surprise percentages for key fiscal quarters:
FY2026Q1 (2025-11-06,After Hours):
EPS: -0.34 (Actual) vs.0.14 (Estimate) (-342.86%)
Revenue: 244.00M (Actual) vs. 228.50M (Estimate) (6.78%)
Price Reaction: -6.84%(1-Day), -16.82%(5-Day)
FY2025Q4 (2025-08-28,After Hours):
EPS: 0.08 (Actual) vs.0.17 (Estimate) (-52.94%)
Revenue: 188.90M (Actual) vs. 187.51M (Estimate) (0.74%)
Price Reaction: 14.93%(1-Day), 13.41%(5-Day)
FY2025Q3 (2025-05-14,After Hours):
EPS: 0.11 (Actual) vs.0.17 (Estimate) (-35.29%)
Revenue: 148.10M (Actual) vs. 149.33M (Estimate) (-0.83%)
Price Reaction: -2.76%(1-Day), 8.03%(5-Day)
Earnings Reaction
The chart below shows how IREN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IREN sees a -9.92% change in stock price 10 days leading up to the earnings, and a -0.21% change 10 days following the report. On the earnings day itself, the stock moves by +4.27%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in SEP/2025, the stock changed -6.84% on the day following the earnings release and then changed by -35.08% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
Transcript Summary
IREN Ltd (IREN) Q1 2026 Earnings Call Summary
Positive
2025-11-07
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.
IREN Ltd (IREN) Q4 2025 Earnings Call Summary
Positive
2025-08-28
The earnings call summary indicates strong financial performance with record revenue, a positive shareholder return plan, and a strategic focus on AI infrastructure. The Q&A section highlights a proactive approach in managing risks and opportunities, particularly in cloud and colocation strategies. While there are some uncertainties in management responses, the overall sentiment is positive. Considering the market cap, the stock price is likely to see a positive movement, possibly in the 2% to 8% range over the next two weeks.
Iris Energy Ltd (IREN) Q3 2025 Earnings Call Summary
Neutral
2025-05-14
The earnings call presents mixed signals. Financial performance is strong with significant revenue and profit growth, but there are concerns about supply chain challenges, energy constraints, and debt financing risks. The decision to pause Bitcoin expansion and focus on AI infrastructure could be positive long-term but lacks immediate shareholder return strategies like buybacks or dividends. Q&A insights reveal optimism but also unclear responses on key growth metrics. Given the mid-sized market cap, these mixed factors suggest a neutral short-term stock price movement within -2% to 2%.
Iris Energy Limited (IREN) Q4 2024 Earnings Call Summary
Positive
2024-08-29
The earnings call highlights strong financial performance with record-high EBITDA and significant revenue growth in Bitcoin mining, despite increased costs. The company's strategic expansion in data centers and mining capacity, along with a robust capital-raising strategy, supports future growth. Management's cautious approach to AI investments and site acquisitions indicates a balanced strategy. Despite no shareholder return programs, the positive financial metrics and optimistic guidance, particularly in Bitcoin mining, suggest a positive stock price movement. Given the mid-cap market cap, the stock is likely to see a moderate positive reaction of 2% to 8%.
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FAQ
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