2026 annual recurring revenue target
Company: IREN
The claim, verbatim
IREN raised its 2026 ARR guidance to $4.0 billion
Source (primary)
IREN gets double upgrade as JPMorgan, BTIG cite strong AI demand - scanx.trade (-, news_article)
View cached copy (2026-09-14)Live source ↗
Quote: “IREN raised its 2026 annual recurring revenue (ARR) guidance from $3.4 billion in November to $3.7 billion in May, and recently to as much as $4.0 billion”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The article reports, citing JPMorgan's note, that IREN raised its 2026 ARR guidance to as much as $4.0 billion, up from earlier levels of $3.4 billion and $3.7 billion.
Confirmed in the source:
- IREN raised its 2026 annual recurring revenue (ARR) guidance
- The raised 2026 ARR guidance figure is $4.0 billion (stated as 'as much as $4.0 billion', up from $3.4 billion in November and $3.7 billion in May)
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/companies/iren-gets-double-upgrade-jpmorgan-btig-cite-strong-ai-demand/50945778) in full (19,739 characters, retrieved September 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN gets double upgrade as JPMorgan, BTIG cite strong AI demand - scanx.trade
Quote: “IREN raised its 2026 annual recurring revenue (ARR) guidance from $3.4 billion in November to $3.7 billion in May, and recently to as much as $4.0 billion”