Iris Energy Limited (IREN) Stock Forecast
IREN analyst forecast
as of October 18, 2026- Analyst consensus
- Buy 4.45 / 5 from 20 analysts
- Price target
- $77.81 average of analyst targets
- Upside to target
- +188.3% from the latest close
- Next earnings
- November 5, 2026 EPS estimate $-0.46
- 52-week range
- $26.99 – $76.41
IREN analyst ratings
20 analystsNumber of analysts at each rating.
IREN price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
IREN earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | −$0.67 | −$0.82 | −$0.51 | $0.01 | −8,350.6% | 2 |
| Next quarter (Dec '26) | −$1.34 | −$2.20 | −$0.48 | −$0.03 | −4,536.7% | 2 |
| Current fiscal year (FY2027) | −$3.42 | −$6.89 | −$1.18 | −$0.47 | −623.9% | 4 |
| Next fiscal year (FY2028) | −$3.98 | −$15.12 | $0.66 | −$3.42 | −16.4% | 4 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
IREN revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Sep '26) | $221.3M | $200.0M | $244.6M | −9.3% | 13 |
| Next quarter (Dec '26) | $392.0M | $217.1M | $464.8M | +112.3% | 13 |
| Current fiscal year (FY2027) | $2.81B | $2.52B | $3.28B | +297.1% | 17 |
| Next fiscal year (FY2028) | $7.41B | $2.62B | $13.24B | +164.0% | 17 |
IREN EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
IREN revenue: reported and forecast
IREN EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | −$0.23 | −$0.26 | −$0.26 | −$0.51 | −$0.67 | +183.0% | 2 up · 1 down |
| Next quarter (Dec '26) | $0.10 | $0.09 | $0.09 | −$0.48 | −$1.34 | −1,440.0% | 2 up · 1 down |
| Current fiscal year (FY2027) | −$0.94 | −$0.94 | −$2.44 | −$3.42 | −$3.42 | +263.9% | 2 up · 1 down |
| Next fiscal year (FY2028) | −$0.20 | −$0.20 | −$0.27 | −$3.98 | −$3.98 | +1,891.3% | 0 up · 0 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
IREN earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; IREN beat in 6 of 12.
What analysts expect from IREN
20 analysts cover Iris Energy; their consensus rating is buy (4.45 on a 1–5 scale, where 5 is a strong buy). The average price target is $77.81, 188.3% above the latest close of $26.99. Analysts expect earnings of −$3.42 per share for FY2027, −623.9% from a year earlier. For FY2028 the average estimate is −$3.98 per share on revenue of $7.4 billion. Iris Energy beat the EPS estimate in 6 of the last 12 quarters.
Related: IREN income statement, IREN key metrics, IREN chart. See the IREN stock overview for the latest quote and news.
IREN forecast FAQ
What is Iris Energy's price target?
The average analyst price target for Iris Energy is $77.81, 188.3% above the latest close of $26.99.
Is Iris Energy a buy, hold or sell?
Of 20 analysts covering Iris Energy, 13 rate it a strong buy, 3 a buy, 4 a hold, 0 a sell and 0 a strong sell, a consensus of buy. Ratings are opinions, not a recommendation from Quotelinks.
What is Iris Energy's EPS forecast?
Analysts forecast −$3.42 per share for FY2027 (range −$6.89 to −$1.18); for FY2028 the estimate is −$3.98.
What is Iris Energy's revenue forecast?
The average revenue estimate for FY2027 is $2.8 billion, growth of 297.1%; for FY2028 it is $7.4 billion.
When does Iris Energy report earnings?
Iris Energy is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes; the EPS estimate is $-0.46.
Does Iris Energy usually beat earnings estimates?
Iris Energy reported EPS at or above the analyst estimate in 6 of the last 12 quarters.