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News  ›  GlobeNewswire Inc.

IREN Reports Q1 FY26 Results

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Globe Newswire
IREN Reports Q1 FY26 Results

IREN Limited reported record Q1 FY26 financial results, securing a $9.7bn multi-year GPU cloud services contract with Microsoft and targeting $3.4bn AI Cloud annualized run-rate revenue by end of 2026.

Insights
BAYRY   positive

Potential milestone payment of €180 million related to Nubeqa sales and strong product growth forecasts


IREN   positive

Reported record revenue growth of 355%, secured major Microsoft contract, expanded GPU infrastructure, and demonstrated strong financial performance with significant net income increase