IREN (IREN.US) Q1 AI cloud revenue surges 182% quarter-over-quarter, with $20 billion in backlog orders on hand.

Zhitong Finance APP has learned that IREN Ltd (IREN.US) released its fiscal 2027 first-quarter results for the period ended September 30, 2026, after the U.S. market close on November 5. The company achieved revenue of $228 million in the quarter, up 66% quarter-over-quarter and better than the market expectation of $221 million; net loss was $263 million, significantly narrower than the $684 million in the previous quarter; adjusted EBITDA was $66 million, surging 247% quarter-over-quarter, with an adjusted EBITDA margin of 29%; loss per share was 66 cents, versus the market expectation of a loss of 48 cents per share.