IREN Stock Drops 5% Ahead of Q4 Earnings Report on Thursday
TLDR
- IREN reports Q4 and full-year results on August 27 after the closing bell
- Consensus EPS estimate is -$0.46 on revenue of $135.6M
- Stock dropped around 5% on Wednesday ahead of the print
- A technical “death cross” and debt concerns are adding selling pressure
- IREN raised its 2026 ARR target to over $4B in July after signing ~$2.8B in new AI cloud contracts
IREN Limited (IREN) is set to report its fourth-quarter and full-year 2026 results on August 27, after the closing bell. The stock was down around 5% to $40.16 during Wednesday trading, as investors pulled back ahead of the print.
Wall Street is looking for a loss of $0.46 per share on revenue of $135.6M. Analyst sentiment heading into the report is cautious. There have been no upward EPS revisions in the last three months, while two analysts have revised estimates lower.
Revenue estimates tell a similar story. Ten downward revisions have been made, with zero moving higher.
What Analysts Are Watching
Beyond the headline numbers, forward guidance is the main event here. In July, IREN raised its 2026 annual recurring revenue target to over $4B, up from $3.4B, after signing multi-year cloud services contracts with leading AI developers totaling roughly $2.8B in contract value.
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