IREN (IREN) Set to Announce Quarterly Earnings on Thursday

IREN (NASDAQ:IREN) will likely be posting its Q1 2027 results after the market closes on Thursday, November 5th. Analysts expect IREN to announce earnings of ($0.7244) per share and revenue of $228.26 million for the quarter. Parties can check the company’s upcoming Q1 2027 earnings results page for the latest details on the call scheduled for Thursday, November 5, 2026 at 5:00 PM ET.

IREN Trading Up 11.1%

IREN stock opened at $24.46 on Wednesday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80. IREN has a 52 week low of $21.86 and a 52 week high of $76.87. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of -10.45 and a beta of 4.33. The stock has a 50-day moving average price of $37.09 and a 200 day moving average price of $44.11.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IREN. BTIG Research reiterated a “buy” rating and issued a $80.00 price target on shares of IREN in a report on Monday, September 14th. HC Wainwright reissued a “buy” rating and set a $90.00 price target on shares of IREN in a research report on Friday, August 28th. Citigroup reissued a “market outperform” rating on shares of IREN in a research report on Friday, August 28th. Rothschild & Co Redburn initiated coverage on shares of IREN in a research note on Monday, September 21st. They set a “neutral” rating and a $40.00 price objective for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of IREN in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.69.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s AI infrastructure contracts point to a sizable revenue opportunity as it shifts toward AI cloud services and data-center development. Investors may look to the upcoming earnings report for evidence that GPU deployment and capacity expansion are progressing. IREN Stock Jumps Ahead of Fiscal Q1 2027 Earnings — Here’s Why
• Positive Sentiment: IREN participated in a broader rebound among AI data-center stocks following Monday’s selloff. The bounce appears to reflect relief and improved sector sentiment rather than a company-specific announcement. Cipher Digital Soars 9%, IREN Up 8% as AI Data Center Stocks Rebound After Selloff
• Neutral Sentiment: IREN objected to ICE/OKX’s tokenized trading of its shares without the company’s approval. The dispute concerns authorization and regulation of tokenized equities; the report does not indicate a direct change to IREN’s business outlook. IREN Objects to Tokenized Share Trading on New Blockchain Venue
• Negative Sentiment: The company’s ambitious AI buildout may require substantial funding, and its operating capacity and GPU deployment need to keep pace with its contracted opportunity. Investors may focus on financing needs and execution in the next earnings report. Before You Buy IREN Stock, Consider This Funding Gap

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to support energy-intensive computing applications, including bitcoin mining and artificial intelligence (AI) cloud services.

IREN’s operations are supported by company-owned electrical infrastructure, data centers and computing hardware. Its bitcoin mining business uses specialized application-specific integrated circuit (ASIC) machines, while its AI cloud offering is designed to provide access to advanced computing resources for AI development and other high-performance computing workloads.

Founded in 2018 and headquartered in Sydney, Australia, IREN has developed data center operations in North America, including facilities in British Columbia, Canada, and Texas.