Stock Track | IREN Ltd Plunges 14.80% After-Hours on Disastrous Q2 Earnings Miss and Crypto Market Weakness

Stock Track

Feb 06

IREN Ltd's stock experienced a sharp after-hours plunge of 14.80% on Thursday, following the release of its second-quarter fiscal year 2026 financial results.

The dramatic sell-off was primarily driven by the company's significant earnings miss. IREN reported a quarterly loss of $0.52 per share, which badly missed the analyst consensus estimate of a $0.14 loss. Revenue of $184.7 million also fell short of the $228.1 million estimate. More strikingly, the company reported a pretax loss of $337.9 million, dramatically wider than the estimated loss of $22.8 million.

Additionally, the stock's movement was influenced by broader weakness in the cryptocurrency market, with Bitcoin trading lower. As a company transitioning from Bitcoin mining to AI cloud services, IREN's shares remain sensitive to cryptocurrency price movements. The disappointing quarterly results, marked by a net loss of $155.4 million, triggered the severe negative reaction in the after-hours session.

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IREN reported a quarterly loss of $0.52 per share, which badly missed the analyst consensus estimate of a $0.14 loss. Revenue of $184.7 million also fell short of the $228.1 million estimate. More strikingly, the company reported a pretax loss of $337.9 million, dramatically wider than the estimated loss of $22.8 million.</p><p>Additionally, the stock's movement was influenced by broader weakness in the cryptocurrency market, with Bitcoin trading lower. As a company transitioning from Bitcoin mining to AI cloud services, IREN's shares remain sensitive to cryptocurrency price movements. The disappointing quarterly results, marked by a net loss of $155.4 million, triggered the severe negative reaction in the after-hours session.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IREN","symbol_name":"IREN Ltd","start_time":0,"source_url":"","article_id":"1130964887","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130964887","pubTimestamp":1770328507,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"IREN Ltd's stock experienced a sharp after-hours plunge of 14.80% on Thursday, following the release of its second-quarter fiscal year 2026 financial results.The dramatic sell-off was primarily...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IREN":"IREN Ltd"},"translate_title":"股票追踪|IREN Ltd盘后暴跌14.80%，原因是灾难性的第二季度盈利未达预期和加密市场疲软","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IREN":1},"content_text":"IREN Ltd's stock experienced a sharp after-hours plunge of 14.80% on Thursday, following the release of its second-quarter fiscal year 2026 financial results.The dramatic sell-off was primarily driven by the company's significant earnings miss. 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