IREN (IREN) Projected to Release Earnings on Thursday

IREN (NASDAQ:IREN) is projected to announce its Q1 2027 results after the market closes on Thursday, November 5th. Analysts expect the company to announce earnings of ($0.7299) per share and revenue of $229.81 million for the quarter. Investors can find conference call details on the company’s upcoming Q1 2027 earnings overview page for the latest details on the call scheduled for Thursday, November 5, 2026 at 5:00 PM ET.

IREN Price Performance

Shares of NASDAQ IREN opened at $22.02 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55. IREN has a 1-year low of $21.86 and a 1-year high of $76.87. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of -9.41 and a beta of 4.26. The business has a 50-day moving average of $37.39 and a 200-day moving average of $44.26.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN is positioning itself for potentially faster-growing AI infrastructure markets by shifting resources from Bitcoin mining toward AI cloud services and large-scale data centers. The strategy could improve long-term growth if demand for high-performance computing remains strong. Applied Digital vs. IREN: Which Technology Stock Is a Better Buy for 2027?
• Positive Sentiment: Commentary indicates that demand for AI data-center capacity is increasing, supporting the potential opportunity behind IREN’s pivot, although execution and financing questions remain. IREN And IRE: Demand Is Exploding, Yet Questions Remain

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $100.00 target price on shares of IREN in a report on Thursday, August 13th. Northland Securities initiated coverage on IREN in a report on Friday, September 18th. They issued an “outperform” rating and a $99.00 price target for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $79.00 price objective on shares of IREN in a research report on Friday, August 28th. Morgan Stanley lowered shares of IREN to a “buy” rating in a research note on Wednesday, September 2nd. Finally, Freedom Capital upgraded shares of IREN from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.69.

About IREN

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.