Fiscal Q1 2027 AI Cloud revenue $200M at 86% gross margin
Company: IREN
The claim, verbatim
AI Cloud revenue nearly tripled to $200 million with an 86% gross margin; total quarterly revenue was $228 million, up 66% sequentially.
Source (primary)
IREN Shares Surge 18% After Strong AI Cloud Revenue Growth and Better-Than-Expected Quarterly Results - Yahoo Finance (-, news_article)
View cached copy (2026-11-07)Live source ↗Archive.org ↗
Quote: “IREN reported quarterly revenue of $228 million, representing a 66% increase from the preceding quarter”
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Additional evidence
confirms IREN Shares Surge 18% After Strong AI Cloud Revenue Growth and Better-Than-Expected Quarterly Results - Yahoo Finance
Quote: “IREN reported quarterly revenue of $228 million, representing a 66% increase from the preceding quarter”