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IREN Ltd. IREN Q2 2026 earnings

Reported February 5, 2026 · After market close

Revenue$184.7MMiss by $42.6M
EPS-$0.44Miss by $0.20
Revenue estimate$227.3M
EPS estimate-$0.24

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$235.8M
EPS estimate-$0.56

Financials

Q2 2026

Income statement

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Revenue$184.7M+59.0%
Gross profit$118.9M+41.8%
Operating income-$116.4M-772%
Net income-$155.4M-610%
EPS (diluted)-$0.52-420%

Balance sheet

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Cash & equivalents$3.3B+663%
Total debt$219.1M—
Total equity$2.5B+102%
Total assets$7.0B—

Cash flow

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Operating cash flow$71.7M+33.8%
CapEx$539.7M+31.2%
Free cash flow-$468.0M-447%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$12.4B+489%
Enterprise value$9.36B—
P/E31.8×—
P/S16.4×+8.4×

Profitability

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Gross margin68.1%+9.2pp
Operating margin-19.2%+3.8pp
Net margin51.5%+36.9pp
FCF margin-84.3%-6.1pp

Returns & leverage

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Return on equity20.7%—
Debt / equity0.1×—
Current ratio5×—

Segments

By geography

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Australia$144.6M+19.3%
Canada$32.2M+686%
United States-—

By product

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Bitcoin mining$167.4M+47.5%
AI Cloud$17.3M+550%

By segment

See full
AI Cloud$17.3M+550%

FAQ

When did IREN Ltd. report Q2 2026 earnings?
IREN Ltd. (IREN) reported Q2 2026 earnings on February 5, 2026 after market close.
What were IREN Ltd.'s Q2 2026 revenue and EPS?
IREN Ltd. reported revenue of $184.7M and eps of $-0.44 for Q2 2026.
Did IREN Ltd. beat estimates in Q2 2026?
Revenue missed the consensus estimate of $227.3M by $42.6M. EPS missed the consensus estimate of $-0.24 by $0.20.
How did IREN Ltd.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 57.1% from $117.5M a year earlier.
Where can I find IREN Ltd.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001878848-26-000014) and the 10-Q periodic report (0001878848-26-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.