IREN Ltd Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
64.5%projected annual EPS growth
Analyst Coverage
15analysts covering
FY Revenue (est.)
$722.8Mnext fiscal year
Monitoring Framework
Key Performance Indicators
AI Cloud Capacity (MW)Target: 480 MW by end of 2026
Annual Recurring Revenue (ARR)Target: $3.7 billion by end of 2026
GPU Fleet SizeTarget: 150,000 GPUs by end of 2026
Watch Items
- Microsoft Horizon Data Center Phase 1 DeliveryTrigger: 50-megawatt phase delivery in Q3 2026Action: Verify operational handoff and initial revenue recognition under the Microsoft contract.
- Convertible Debt Dilution RiskTrigger: $3.6 billion convertible note outstandingAction: Monitor share count changes and potential dilution from conversion features.
Research as of 2 Sep 2026