IREN (IREN) to Release Earnings on Thursday

Key Points

• Q2 2026 earnings are scheduled after the close on Thursday, Feb. 5, 2026 at 5:00 PM ET, with analysts projecting ($0.07) EPS and $229.643 million in revenue.
• In the prior quarter (reported Nov. 6) IREN missed estimates, posting ($0.34) EPS vs. a $0.14 consensus and $240.3 million in revenue, though revenue was up 28.3% YoY; analysts now expect $0 EPS this fiscal year and $1 next year.
• IREN carries a market cap of $15.23 billion with a P/E of 27.7, a 12‑month range of $5.13–$76.87, and a consensus rating of "Moderate Buy" with a $69.36 average price target.

IREN (NASDAQ:IREN - Get Free Report) is projected to post its Q2 2026 results after the market closes on Thursday, February 5th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $229.6430 million for the quarter. Interested persons 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 - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.48). The business had revenue of $240.30 million during the quarter, compared to analysts' expectations of $244.60 million. IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The company's quarterly revenue was up 28.3% on a year-over-year basis. On average, analysts expect IREN to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IREN Price Performance

Shares of IREN stock opened at $53.74 on Monday. The business's fifty day moving average is $46.62 and its 200 day moving average is $41.75. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 27.70 and a beta of 4.26. IREN has a twelve month low of $5.13 and a twelve month high of $76.87.

Analyst Ratings Changes

Several research analysts have issued reports on IREN shares. UBS Group reaffirmed a "buy" rating on shares of IREN in a report on Friday, November 7th. Canaccord Genuity Group raised their price target on shares of IREN from $42.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 10th. JPMorgan Chase & Co. upped their price objective on IREN from $28.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, November 24th. Citigroup began coverage on IREN in a research note on Wednesday, November 19th. They set an "outperform" rating on the stock. Finally, Macquarie boosted their price target on IREN to $86.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $69.36.

Institutional Trading of IREN

Hedge funds and other institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new stake in IREN in the 3rd quarter worth $67,000. CIBC Private Wealth Group LLC boosted its stake in shares of IREN by 113.3% in the third quarter. CIBC Private Wealth Group LLC now owns 1,600 shares of the company's stock worth $75,000 after acquiring an additional 850 shares during the period. Larson Financial Group LLC grew its position in shares of IREN by 26.7% during the third quarter. Larson Financial Group LLC now owns 1,590 shares of the company's stock worth $75,000 after purchasing an additional 335 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in IREN by 54.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,463 shares of the company's stock valued at $152,000 after purchasing an additional 3,684 shares during the period. Finally, StoneX Group Inc. purchased a new position in IREN in the 2nd quarter worth approximately $158,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

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.

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