Iren earnings report Q1 2027
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓IREN reported its Q1 2027 earnings on Thursday after its stock price fell 26% following the election.
- ✓The company said $4 billion in annual revenue is delayed until January due to a customer request from Microsoft.
- ✓Co-CEO Daniel Roberts said, "T disconnect between what we're seeing in public market."
Story at a Glance
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- MARKET
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- CNBC
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- 4 Minute(s)
- Market Focus
- India Economy
Following a 26% post-election plunge in its stock price, neocloud IREN said in its earnings report on Thursday that over $4 billion in annual recurring revenue projected to land in 2026 has been pushed out to at least January.
IREN said the move, which could extend payment to February, is due to "a customer-requested change and supplier timing."
On the company's earnings call, IREN co-CEO Daniel Roberts said Microsoft is the customer.
"They made a request to reconfigure and upgrade some of the network infrastructure and the purpose of that was really to enable the 200 megawatts of capacity to service these latest-generation frontier models," Roberts said.
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