What is HC Wainwright’s Estimate for IREN FY2026 Earnings?

IREN Limited (NASDAQ:IREN) – Equities research analysts at HC Wainwright dropped their FY2026 EPS estimates for IREN in a report issued on Wednesday, July 22nd. HC Wainwright analyst M. Colonnese now expects that the company will earn ($1.54) per share for the year, down from their prior forecast of ($1.22). HC Wainwright has a “Buy” rating and a $90.00 price target on the stock. The consensus estimate for IREN’s current full-year earnings is ($1.96) per share. HC Wainwright also issued estimates for IREN’s Q4 2026 earnings at ($0.60) EPS, Q1 2027 earnings at ($0.64) EPS, Q2 2027 earnings at ($0.63) EPS, Q3 2027 earnings at ($0.37) EPS, Q4 2027 earnings at ($0.16) EPS and FY2027 earnings at ($1.79) EPS.

Several other research analysts have also issued reports on IREN. Weiss Ratings lowered IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 7th. Sanford C. Bernstein set a $96.00 price target on shares of IREN in a report on Thursday, June 4th. Jefferies Financial Group initiated coverage on shares of IREN in a research note on Thursday, June 18th. They set a “buy” rating and a $79.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of IREN in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.71.

IREN Stock Down 8.6%

IREN stock opened at $37.07 on Friday. IREN has a 1-year low of $14.72 and a 1-year high of $76.87. The business has a fifty day moving average price of $50.69 and a 200-day moving average price of $47.60. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.72 and a quick ratio of 3.72. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 77.23 and a beta of 4.27.

IREN (NASDAQ:IREN) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). IREN had a negative return on equity of 13.13% and a net margin of 20.90%.The firm had revenue of $144.79 million during the quarter, compared to analysts’ expectations of $219.69 million.

Hedge Funds Weigh In On IREN

Several hedge funds and other institutional investors have recently bought and sold shares of IREN. Marex Group plc boosted its holdings in shares of IREN by 14,216.7% in the 4th quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock valued at $168,880,000 after acquiring an additional 4,440,032 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of IREN in the 4th quarter valued at about $158,677,000. Clear Street Group Inc. acquired a new position in IREN in the fourth quarter valued at approximately $137,075,000. Situational Awareness LP lifted its holdings in IREN by 90.1% in the second quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock valued at $93,254,000 after acquiring an additional 3,034,254 shares during the period. Finally, Quadrature Capital Ltd boosted its position in IREN by 1,022.2% in the 4th quarter. Quadrature Capital Ltd now owns 2,870,637 shares of the company’s stock worth $108,424,000 after purchasing an additional 2,614,835 shares in the last quarter. Institutional investors and hedge funds own 41.08% of the company’s stock.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s recent $2.8 billion in multi-year AI cloud contracts with customers including Microsoft and NVIDIA continues to support the bullish case, lifting its 2026 AI Cloud ARR target above $4 billion and reinforcing the company’s pivot from Bitcoin mining to AI infrastructure. Is IREN (IREN) Undervalued Following Its $2.8b AI Cloud Contract Win?
• Positive Sentiment: Market commentary on the AI trade has highlighted IREN as a beneficiary of renewed enthusiasm for AI infrastructure after Alphabet raised its AI capex outlook, which helped lift sentiment across names like IREN, Nebius, and CoreWeave. Nebius, CoreWeave, IREN Stocks Rises After Alphabet Raises AI Capex Forecast
• Positive Sentiment: Several recent articles frame IREN as a possible winner in the neocloud race, arguing that its owned-infrastructure model could be more defensible than some peers as hyperscaler demand grows. IREN Vs Nebius: Which Neocloud Should You Buy and Why?
• Neutral Sentiment: HC Wainwright kept a Buy rating and $90 price target on IREN, but the firm made mixed earnings revisions across future periods, with some estimates raised and others cut, which suggests analysts still see long-term upside but near-term execution risk. IREN Limited (NASDAQ: IREN) analyst coverage
• Neutral Sentiment: Short-interest data did not show a meaningful new bearish signal, with reported short interest effectively unchanged at zero shares, so this item is unlikely to be driving the move. IREN Limited (NASDAQ: IREN) short interest
• Negative Sentiment: The stock is also facing pressure from analyst forecast cuts for several future quarters and fiscal years, including lower EPS estimates for Q4 2026, Q1 2027, Q3 2027, Q4 2027, FY2026, and FY2027, reinforcing concerns that profitability may remain volatile during the AI buildout. IREN Limited (NASDAQ: IREN) analyst estimates

IREN Company Profile

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.