NASDAQ$IREN

Iris Energy Ltd · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

IREN reported Q2 2026, revenue of $184.7M, net loss of $155.4M, diluted EPS of $-0.52.

For Q2 2026, IREN reported revenue of $184.7M, a net loss of $155.4M, diluted EPS was $-0.52. The filing discusses segment trends, liquidity, and management's outlook for upcoming periods.

  • Revenue $184.7M.
  • Net loss $155.4M.
  • Diluted EPS $-0.52.

Headline financials

Total Revenue

$185M

Previous: $120M+54.4%
EPS (adj)

-$0.52

No prior period
EBITDA

-$244M

No prior period
Adjusted EBITDA

$75.3M

No prior period
Adj. EBITDA Margin

41.0%

No prior period
Capital Expenditures

-$720M

Previous: -$180M-299.9%
Net Income

-$155M

Previous: $18.9M-922.3%
Operating Income

-$116M

No prior period

Revenue & EPS history

IREN Ltd · Revenue · Quarterly

$185M

Q2 2026+54.4%vs Q2 2025
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

IREN Ltd · $145M total across 2 segments · Q3 2026

  • Bitcoin mining
    $111M
  • AI Cloud Services
    $33.6M

Forward guidance

Management discusses IREN's outlook, including capital deployment, operating priorities, and key risks, alongside any formal guidance in the earnings materials.

Tailwinds

  • IREN cites execution on strategic priorities and demand in core markets.
  • Liquidity and balance sheet capacity support continued investment and returns.

Headwinds

  • GAAP earnings remained under pressure in the reported quarter.
  • Macro, rates, and input costs may pressure margins or volumes.
  • Segment mix and non-recurring items can affect sequential 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 Q2 2026

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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

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