IREN Q4 Preview: Stock Down 48% From Highs, Will Data Center Monetization Shine Through in Earnings?
Key takeaways
- Iren’s Q4 results will determine if its pivot to AI and the Microsoft partnership can reverse recent misses and lift a stock that has dropped 48% from its peak.
- Revenue Q4 estimate: $142.32 million
- Revenue Q2 2025: $187.30 million
- EPS Q4 estimate: -$0.49
What happened
Iren Limited (NASDAQ: IREN) is set to report fourth‑quarter results on Thursday after the market close, with analysts forecasting a revenue of $142.32 million and a loss of $0.49 per share. The company has missed revenue and earnings estimates for several consecutive quarters, and its stock has fallen 48% from its November 2025 peak, sitting 37% below its June 2026 high of $63.17. Iren has recently delivered Horizon 1 to Microsoft (NASDAQ: MSFT) under a $9.7 billion, five‑year AI cloud deal…
Why it matters
The Q4 earnings will test whether Iren’s shift to AI and its new Microsoft partnership can reverse recent revenue and profitability misses. A top‑line beat could lift investor confidence and support the stock’s long‑term upside, while a continued miss may deepen the decline. The outcome also signals how well Iren can…
Short-term and longer-term
Short-term. Short‑term traders should watch Iren’s Q4 earnings for a potential upside if revenue or earnings beat expectations, which could lift the stock toward its June high of $63.17.
Longer-term. Over the next few months, Iren’s strategic shift from Bitcoin mining to AI infrastructure and its partnership with Microsoft could reshape its revenue mix and long‑term growth prospects.