NasdaqGS:IRENSoftware
IREN (IREN) Q2 Loss Challenges Bullish Narratives Around Rapid AI Infrastructure Expansion
IREN (NasdaqGS:IREN) has reported a mixed Q2 2026, with revenue of US$184.7 million and a net loss of US$155.4 million, which translated to EPS of a US$0.52 loss, setting a very different tone to the strong Q1 print. Over the past six quarters, the company’s revenue has moved from US$52.8 million in Q1 2025 to US$240.3 million in Q1 2026 and then to US$184.7 million in Q2 2026. Over the same period, quarterly EPS has swung from a US$0.27 loss in Q1 2025 to US$1.42 in Q1 2026 and back to a...