NASDAQ$IREN
Iris Energy Ltd · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
IREN reported Q1 fiscal 2026 total revenue of $240.3M with net income of $384.6M and diluted EPS of $1.08.
Total revenue was $240.3 million, including $232.9 million from bitcoin mining and $7.3 million from AI cloud services. Net income was $384.6 million, reflecting digital asset gains and improved mining economics. Diluted EPS was $1.08.
- Q1 revenue $240.3M (+356% YoY).
- Bitcoin mining revenue $232.9M; AI cloud $7.3M.
- Net income $384.6M incl. digital asset marks.
- Bitcoin price and power costs remain key drivers.
Headline financials
Revenue & EPS history
IREN Ltd · Revenue · Quarterly
$240M
Revenue by segment
IREN Ltd · $145M total across 2 segments · Q3 2026
- Bitcoin mining$111M—76.8%
- AI Cloud Services$33.6M—23.2%
Forward guidance
The filing discusses IREN's outlook, including capital allocation, operating priorities, and market risks relevant to the reported quarter.
Tailwinds
- IREN cites operational priorities and demand trends supporting the outlook.
- Balance sheet and liquidity actions aim to fund growth and returns.
- Management discussed production, bookings, or volume trends into upcoming periods.
Headwinds
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2026
+10.4%
Avg return
Earnings day
+2.9%
Avg return
5 days after
-0.8%
Avg return
30 days after
69%
11 / 16 earnings
Positive
+62.1%
Q1 2023
Best reaction
-18.0%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +5.5% | -4.9% | -3.8% | |
| Q2 2026 | +5.1% | +7.2% | -7.8% | |
| Q1 2026 | -6.8% | -16.8% | -33.2% | |
| Q3 2025 | -3.1% | +8.0% | +23.3% | |
| Q1 2025 | +19.1% | +2.8% | -22.4% | |
| Q2 2025 | +0.5% | -6.9% | -22.5% | |
| Q4 2024 | +8.4% | +0.6% | +12.6% | |
| Q3 2024 | +19.7% | +30.6% | +171.5% | |
| Q2 2024 | -18.0% | -17.2% | -44.6% | |
| Q3 2023 | +13.9% | +8.2% | -30.9% | |
| Q4 2023 | +13.9% | +8.2% | -30.9% | |
| Q1 2023 | +62.1% | +9.2% | -2.0% | |
| Q2 2023 | +62.1% | +46.5% | +16.4% | |
| Q4 2022 | -4.1% | +8.4% | -21.8% | |
| Q3 2022 | -14.1% | -36.2% | -37.2% | |
| Q2 2022 | +2.6% | -1.8% | +20.7% | |
| Q1 2022 | — | — | — | |
| Q4 2021 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
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