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USFinancial Services

IREN Ltd (IREN)

US · Financial Services · Capital Markets

$43.48+2.02%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$137.2M
Revenue YoY
-26.7%
Net profit
$-684.0M
Profit YoY
-815.9%
EPS
$-0.41
EPS estimate
$-0.50
Net margin
-498.5%

EPS came in at -0.41 against a street estimate of -0.50 — a beat of 18.0%.

Key statistics

Market cap
$17.27B
Forward P/E
137.0
P/B
4.11
Book value
$11.01
EPS (TTM)
$-2.22
52-week high
$76.87
52-week low
$28.93
50-day MA
$40.17
200-day MA
$45.65
Beta
4.29

Analyst view

Analysts rate IREN Ltd a strong buy (11 buy, 1 hold, 0 sell out of 12) with an average price target of $77.84.

From the latest earnings call · 2026-08-27

CONFIDENT IREN secured $4B ARR for 2026 (largely sold out), targeting 300MW IT load delivery this year and 500MW in 2027. GPU financing unlocked at scale; Horizon 1 delivered to Microsoft. 2027 CapEx guidance $25–30B supports 5GW+ portfolio. Margin pressure from mining decommissioning is temporary. Q4 FY26 (June 2026) IREN operates across five continents with flagship designs (Sweetwater 1) becoming template for future builds. Excess power at existing sites supports revenue growth without new grid capacity. Analysts pressed on Mirantis' commercial impact, CapEx breakdown, and GPU vs. data center allocation. Management emphasized Mirantis as market-broadening orchestration layer (smaller developers), CapEx as multi-year ramp not tied to single MW, and a self-funding loop via prepayments + debt at 90% gearing. 2026-08-27…

Full summary in the app.

Shareholding

Insiders
3.26%
Institutions
59.19%

Largest institutional holders

FundStake
Defiance ETFs, LLC3.22%
Situational Awareness Partners LP2.97%
Citigroup Inc2.77%
Situational Awareness LP2.40%
The Goldman Sachs Group Inc1.41%
NORGES BANK1.32%
Value Aligned Research Advisors LLC1.21%
BlackRock Inc1.13%

Recent filings & reports

DocumentDate
Annual report FY2026
IREN LIMITED - ANNUAL REPORT SUMMARY (FISCAL YEAR ENDED JUNE 30, 2026) HEADLINE NUMBERS • Market capitalization: Approximately $11.9 billion as of D
2026-08-27
Results announced · Q1 FY2027
IREN FY26 RESULTS SUMMARY HEADLINE NUMBERS • Total Revenue FY26: $707.0m (vs $501.0m FY25) - AI Cloud Services: $128.8m (vs $16.4m FY25, ~8x growt
2026-08-27
Reg FD disclosure · Q1 FY2027
IREN LIMITED - FORM 8-K SUMMARY HEADLINE NUMBERS • Company: IREN Limited, Australian-based, trades on Nasdaq under ticker IREN • Report date: August
2026-08-13
Reg FD disclosure · Q1 FY2027
IREN LIMITED – FORM 8-K SUMMARY (August 4, 2026) HEADLINE NUMBERS • Acquisition of Mirantis, Inc. closed on August 3, 2026 • 11,981,668 ordinary sha
2026-08-04
Results announced · Q1 FY2027
IREN LIMITED – 8-K FILING SUMMARY HEADLINE NUMBERS • Report Date: July 20, 2026 • Company: IREN Limited (Nasdaq ticker: IREN) • Jurisdiction: Austra
2026-07-20
Quarterly report · Q3 FY2026
IREN LIMITED - Q1 2026 (MARCH 31, 2026) SUMMARY HEADLINE NUMBERS • Cash position: $2,213.3 million as of March 31, 2026 (up from $564.5 million at J
2026-05-08
Quarterly report · Q2 FY2026
IREN LIMITED - Q2 2026 (PERIOD ENDED DECEMBER 31, 2025) SUMMARY --- HEADLINE NUMBERS • Cash Position: $3,260,589 thousand (Dec 31, 2025) vs. $564,5
2026-02-05
Quarterly report · Q1 FY2026
IREN LIMITED - Q1 FY2026 (QUARTER ENDED SEPTEMBER 30, 2025) SUMMARY HEADLINE NUMBERS • Total Revenue: $240.3 million (Q1 FY2026) vs. $52.8 million (
2025-11-06

Readable in the app.

Deals & corporate news

AnnouncementDate
Delivery and acceptance of Horizon 1 system to Microsoft
IREN Limited announced on August 13, 2026, that it successfully delivered its 'Horizon 1' product to Microsoft, and Microsoft has accepted it. Additionally, the company achieved 'NVIDIA Exem
2026-08-13
Closing of acquisition of Mirantis, Inc. announced
IREN Limited completed its acquisition of Mirantis, Inc. on August 3, 2026. This is a significant corporate development that the company announced via press release on August 4, 2026. As par
2026-08-04
Secured $3.6B financing to fund GPU infrastructure for Microsoft services contract
IREN Limited's subsidiary IE US Hardware 3 LLC secured $3.6 billion in financing to build GPU infrastructure for data centers in Texas supporting a Microsoft contract. The financing consists
2026-06-01
Dell to supply $1.6B in GPUs for AI cloud services
IREN Limited announced it entered into a $1.6 billion GPU purchase agreement with Dell on May 19, 2026. The company's subsidiary, IE US Hardware, will buy graphics processing units and relat
2026-05-26
GPU and ancillary products purchase agreements totaling $3.5 billion
IREN Limited announced two major purchase agreements with Dell on March 4, 2026, to buy GPUs (graphics processing units) and related products. The Canadian subsidiary will purchase approxima
2026-03-04

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Data updated 2026-09-18.