IREN (IREN) to Release Quarterly Earnings on Thursday

IREN (NASDAQ:IREN) is expected to release its Q2 2026 results after the market closes on Thursday, February 5th. Analysts expect IREN to post earnings of ($0.07) per share and revenue of $229.6430 million for the quarter. Individuals can check the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, February 5, 2026 at 5:00 PM ET.

IREN (NASDAQ:IREN) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.48). The firm had revenue of $240.30 million during the quarter, compared to the consensus estimate of $244.60 million. IREN had a negative return on equity of 3.60% and a net margin of 86.96%.IREN’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, analysts expect IREN to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IREN Trading Up 2.5%

Shares of NASDAQ IREN opened at $54.39 on Wednesday. IREN has a twelve month low of $5.13 and a twelve month high of $76.87. The firm has a market cap of $15.42 billion, a PE ratio of 28.04 and a beta of 4.27. The business has a fifty day simple moving average of $46.85 and a two-hundred day simple moving average of $42.25. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IREN. Macquarie lifted their price objective on IREN to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group began coverage on shares of IREN in a report on Thursday, December 18th. They issued a “neutral” rating and a $39.00 price target for the company. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Tuesday, January 13th. Canaccord Genuity Group lifted their price objective on shares of IREN from $42.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, BTIG Research boosted their price objective on shares of IREN from $32.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.36.

Institutional Investors Weigh In On IREN

A number of hedge funds and other institutional investors have recently bought and sold shares of IREN. Prelude Capital Management LLC acquired a new position in IREN during the 3rd quarter valued at about $235,000. PYA Waltman Capital LLC purchased a new stake in shares of IREN during the third quarter worth about $234,000. Keebeck Wealth Management purchased a new stake in shares of IREN during the third quarter worth about $401,000. Vise Technologies Inc. acquired a new position in shares of IREN during the third quarter valued at about $251,000. Finally, Franklin Resources Inc. purchased a new position in shares of IREN in the 3rd quarter valued at approximately $455,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Analyst piece argues IREN’s AI transition remains underappreciated by the market, suggesting additional upside if AI revenue growth accelerates beyond current expectations. Read More.
• Positive Sentiment: Another Seeking Alpha preview labels IREN as a buy ahead of earnings, reflecting bullish sentiment that upcoming results could validate the AI/cloud narrative. Read More.
• Positive Sentiment: Reporting highlights IREN’s strategic repositioning from bitcoin mining into an AI cloud growth story — a narrative that can command higher revenue multiples if GPU/data-center demand sustains. Read More.
• Neutral Sentiment: Analyst preview expects Q2 FY26 to show strong AI-cloud revenue from GPU expansion, which should help topline; however, gains may be partly offset by heavy capital expenditures needed to scale infrastructure. Read More.
• Neutral Sentiment: Short items note that shares have jumped ahead of the upcoming fiscal earnings release, reflecting positioning by traders rather than fresh fundamental news. Read More.
• Neutral Sentiment: Company is scheduled to report quarterly results this week; the release itself is the immediate catalyst that could move the stock materially in either direction. Read More.
• Negative Sentiment: Risks: IREN has shown prior EPS misses and a negative return on equity, and the business model requires heavy upfront capex — factors that could amplify downside if AI demand slows or margins don’t expand as expected.

About IREN

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.