IREN Q1 revenue $240.3M (+355% YoY); secures $9.7B Microsoft AI cloud contract targeting $3.4B ARR by 2026

IREN Ltd

2026-Q1 EPS reported $1.08 vs consensus -$0.19 ▲ beat (+659.0%)

Revenue $240.3M (+355% YoY); net income $384.6M (vs. loss $(51.7)M prior year).
Adj. EBITDA $91.7M (+3,568% YoY); EBITDA $662.7M includes unrealized gains.
Secured $9.7B contract with Microsoft: 5-year term, 20% prepayment, $1.9B expected ARR contribution.
Targeting $3.4B AI Cloud ARR by end of 2026 with expansion to 140k GPUs.
Cash $1.8B as of Oct 31, 2025; $1.0B zero-coupon convertible notes issued Oct 14.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.