Iris Energy Limited Ordinary Shares

Iris Energy Limited Ordinary Shares Earnings Recaps

IREN Information Technology 1 recap
Q2 2026 Feb 6, 2026

IREN delivered strong Q2 FY 2026 results, highlighted by significant financing achievements and robust customer demand for AI cloud services.

Key takeaways
  • Secured $3.6 billion in GPU financing at sub-6% interest, providing funding for 95% of CapEx linked to a $9.7 billion AI contract with Microsoft.
  • Expect to deliver 140,000 GPUs by the end of 2026, positioning for $3.4 billion in annualized run rate revenue.
  • Expanded operational capacity with over 4.5 gigawatts of secured power and continued development of new data centers.
  • Strong customer demand remains unabated, with ongoing negotiations for larger-scale deployments.
  • Vertical integration strengthens competitive advantage, enabling end-to-end control over data center operations and project execution.
Full recap