Iris Energy Limited Ordinary Shares Q2 2026 Earnings Recap

IREN Q2 2026 February 6, 2026

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

Earnings Per Share Miss

$-0.44 vs $-0.24 est.

-82.0% surprise

Revenue Miss

184692000 vs 227326600 est.

-18.8% surprise

Market Reaction

1-Day +5.13%

5-Day +7.89%

30-Day +2.92%

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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit IREN on AllInvestView.