IREN (IREN) Earnings Dates, Call Summary & Reports

Q: When does IREN (IREN) report earnings?

IREN (IREN) is schdueled to report earning on May 13, 2026, After Close (Confirmed).

Q: What is IREN (IREN) earnings time?

IREN (IREN) earnings time is at May 13, 2026, After Close (Confirmed).

Q: Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

Q: What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

Q: What is IREN EPS forecast?

IREN EPS forecast for the fiscal quarter 2026 (Q3) is -0.25.

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Earnings Data

Report Date

May 13, 2026

After Close (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

-0.25

Last Year’s EPS

0.11

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 11 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Feb 05, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized material progress on the three pillars (capacity, customers, capital): large, diversified financing (including a $3.6B GPU facility), Microsoft prepayments covering ~95% of GPU CapEx, a clear ARR target ($3.4B) supported by 140,000 GPU deployment plans, >4.5GW secured power and ~$2.3B ARR already contracted. Near-term financials showed a 23% quarter-over-quarter revenue decline and several noncash charges tied to the transition from Bitcoin mining, but management presented these as transitional items while highlighting strong liquidity (~$2.8B cash) and execution momentum. Overall, positives (scale financing, secured power, customer demand, clear runway to ARR target) materially outweigh the transitional lowlights (declining mining revenue, impairments and phased revenue recognition), supporting a constructive outlook.

Company Guidance

Management guided that IREN expects to deliver 140,000 GPUs by the end of 2026 and to reach a $3.4 billion annualized run‑rate revenue (ARR) target by year‑end 2026 (using only ~10% of its >4.5 GW secured grid‑connected power, which includes a new 1.6 GW Oklahoma site and 810 MW of existing operating, air‑cooled data centers); about $2.3 billion of ARR is already under contract (including roughly $0.4–0.5 billion at Prince George). They announced a $3.6 billion delayed‑draw GPU financing package (expected interest <6%, effectively ~3% when factoring Microsoft prepayments) that, together with Microsoft’s $1.9 billion in prepayments, covers ~95% of the ~$5.8 billion GPU CapEx supporting the $9.7 billion, five‑year Microsoft contract (management noted ~$5.5B financed of the $5.8B). The company ended Q2 with $2.8 billion cash, has secured approximately $9.2 billion year‑to‑date from customer prepayments, convertible notes (including $2.3B issued in December) and leasing, reported Q2 revenue of $184.7 million (down 23% QoQ) and called out quarter‑specific noncash items (~$219.4M unrealized losses/inducements, $31.8M mining hardware impairment and a $192.5M income tax benefit), while confirming construction and site energization timelines remain on schedule.

Secured Dedicated GPU Financing

Closed a $3.6 billion delayed-draw term loan for GPU financing (expected interest <6%), structured to amortize over 5 years and secured against GPUs and contracted Microsoft cash flows. Management noted the effective average cost of funding for portions of the GPUs is ~3% when factoring Microsoft prepayments.

Microsoft Contract Funding Coverage

Financing plus customer prepayments (Microsoft $1.9 billion) provide coverage for ~95% of GPU-related CapEx supporting the $9.7 billion, 5-year AI contract with Microsoft (compute CapEx cited as $5.8 billion).

ARR and GPU Deployment Targets

On track to deliver 140,000 GPUs by end of 2026, positioning IREN to reach a $3.4 billion annualized run-rate revenue (ARR) by end-2026; currently ~ $2.3 billion ARR under contract (including ~$0.4–0.5 billion at Prince George).

Large Secured Power Portfolio and New Site

Secured total grid-connected power >4.5 gigawatts, including a newly secured 1.6 GW campus in Oklahoma (2,000 acres, ramp commencing 2028) and affirmed 2.0 GW (Sweetwater) interconnection; management emphasized power is not a constraint.

Operational Execution and Data Center Progress

810 megawatts of operating data centers (air-cooled) available for immediate AI deployments; construction milestones progressing on Prince George, Mackenzie, Canal Flats, Childress and Sweetwater with Sweetwater 1 energization on track for Q2.

Strong Funding and Liquidity Position

Ended January with ~$2.8 billion cash and ~ $9.2 billion of FY-to-date secured funding from customer prepayments, convertible notes (including $2.3 billion in December), GPU leasing and other financing, demonstrating diversified capital access.

Robust Customer Demand and Commercial Momentum

Management reports multiple advanced negotiations with hyperscalers and enterprises, rising interest in air-cooled deployments (faster timelines), longer tenors and willingness to provide prepayments; demand not viewed as the constraint.

Vertical Integration and Human Capital

Vertically integrated model (design, build, operate) with >2,000 employees and multi-year EPC/supply relationships cited as a competitive advantage enabling predictable execution and capacity delivery.

IREN (IREN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IREN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2026	2026 (Q3)	-0.25 / -	0.11	―	―	―
Feb 05, 2026	2026 (Q2)	-0.11 / -0.52	0.09	-677.78% (-0.61)
Nov 06, 2025	2026 (Q1)	0.15 / 1.06	-0.27	493.70% (+1.33)
Aug 28, 2025	2025 (Q4)	0.18 / 0.65	-0.24	370.83% (+0.89)
May 14, 2025	2025 (Q3)	0.12 / 0.11	0.08	37.50% (+0.03)
Feb 12, 2025	2025 (Q2)	<0.01 / 0.09	-0.07	228.57% (+0.16)
Nov 26, 2024	2025 (Q1)	-0.07 / -0.27	-0.08	-237.50% (-0.19)
Aug 28, 2024	2024 (Q4)	0.03 / -0.24	0.063	-480.95% (-0.30)
May 15, 2024	2024 (Q3)	0.04 / 0.08	-0.316	125.32% (+0.40)
Feb 15, 2024	2024 (Q2)	0.03 / -0.07	-2.715	97.42% (+2.65)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IREN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2026	$39.79	$41.83	+5.13%
Nov 06, 2025	$66.96	$62.38	-6.84%
Aug 28, 2025	$23.04	$26.48	+14.93%
May 14, 2025	$7.97	$7.75	-2.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.