Raised AI Cloud Revenue Forecast After New ContractsIREN has raised its year-end AI Cloud annualized run-rate revenue forecast from $3.7 billion to over $4 billion, with approximately 85% of this now under contract.The new contracts include customer prepayments covering around 45% of GPU capital costs, which could lower funding needs and solidify IREN’s position in the market.IREN Technical Outlook: Below Key Moving AveragesThe stock is currently trading about 2.6% below its 20-day simple moving average (SMA) of $43.24, and 19.5% below its 50-day SMA of $52.30.The moving average convergence divergence (MACD) is below its signal line, indicating that upside momentum is fading unless it can reclaim that baseline, suggesting traders should watch for potential shifts in momentum.IREN Earnings Date And Analyst Estimates: What To ExpectIREN is slated to provide its next financial update on August 27, 2026 (estimated).
EPS Estimate: Loss of 38 cents (Down from 66 cents)
Revenue Estimate: $165.16 million (Down from $187.30 million)
Valuation: P/E of 52.2x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $79.11. Recent analyst moves include:
