IREN Ltd (IREN) reported Q1 2026 earnings of $1.08 per share, significantly surpassing the consensus estimate of $0.16. Revenue matched expectations at $0.2 billion.
This performance indicates robust operational health for the vertically integrated data center business, which specializes in powering Bitcoin mining and AI cloud services with renewable energy. The company, headquartered in Sydney, employs 257 full-time staff and operates facilities optimized for high-density computing across multiple locations in Canada and Texas.
The announcement highlights IREN's strong fundamentals, as the company prepares for its next earnings call on May 11, 2026, where it will discuss performance and future outlook. Analysts anticipate earnings of $0.1696 per share and revenue of $0.3 billion for that quarter.
As of November 8, 2025, IREN Ltd had a market capitalization of $16.9 billion and a trailing P/E ratio of 194.54. The company went public on November 17, 2021, and continues to expand its capabilities in the technology sector, particularly in renewable energy applications for data centers.