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IREN shares dip 3.7% post Q1 results despite strong revenue and AI Cloud margins

Market News
13 Nov 2026, 16:56 WIB
Seeking Alpha
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Neutral
IREN shares dip 3.7% post Q1 results despite strong revenue and AI Cloud margins

IREN Limited reported a 66% sequential revenue increase and doubled its operating ARR to $1 billion in Q1 '27, with AI Cloud maintaining an 86% margin. Despite these strong results, the stock fell 3.7% after the earnings release, continuing a sector-driven selloff. The company’s $4 billion ARR target has been delayed to January or February, but disciplined spending supports a favorable risk-reward outlook. IREN trades at 6.27x forward EV/sales, with $6 billion planned capex for FY27 to fund growth.

The Bears Were Right About IREN provides context for the Technology sector's market activity on Pluang. Of 150 priced Technology-sector US stocks, 94 rose and 48 fell today. Notable movers include Zscaler Inc at USD 197.98 (+2.46%), Broadcom Inc at USD 355.50 (-2.43%), and Cloudflare Inc at USD 326.06 (+2.37%). This snapshot is as of Nov 13, 2026 20:42 WIB.

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