IREN Tops Fiscal Q1 2027 Estimates as Revenue Falls 5.1% to $228.0M

IREN (IREN) topped estimates for the fiscal first quarter of 2027. Revenue was $228.0 million, down 5.1% from a year earlier, in line with the $228.3 million estimate, and adjusted EPS was -$0.54 above the -$0.72 estimate.

Shares rose 2.7% in after-hours trading as of 6:52 p.m. ET, to $18.52 from a $18.03 close.

Fiscal Q1 2027 scorecard

By our calculation, adjusted EPS was $0.19 above it. The QoQ column compares with the previous quarter's revenue of $137.2 million and adjusted EPS of -$1.89. The YoY column compares with $240.3 million and $1.06 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 4 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 2 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $240.3 million, $184.7 million, $144.8 million, $137.2 million and $228.0 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of -$0.73 and revenue of $390.9 million next quarter, based on 2 analysts.
• Revenue growth. Whether revenue stabilizes after this quarter's 5.1% decline from a year earlier to $228.0 million.
• Estimate record. Whether IREN extends a record of beating EPS estimates in 4 of its last 8 reports.
• Related coverage. See our reports on Iamgold, Ziff Davis, Dorchester Minerals and Regency Centers.

Sources: Results are from IREN's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from IREN's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.