Earnings call briefFiscal first-quarter 2027
IREN now expects about $15 billion of remaining fiscal 2027 capex
IREN said the lower plan reflects flexibility to pace its capex, with $12 billion to $15 billion of indicative funding sources against the roughly $6 billion still to be funded, before convertibles or equity.
GetSignal IREN IREN
On its fiscal first-quarter 2027 call, IREN said planned capital spending for the rest of the fiscal year is approximately $15 billion, down from the prior estimate. IREN said about $6 billion remains to be funded after $9 billion of cash and undrawn commitments.
IREN also expects cash operating expense to rise approximately $50 million to $60 million sequentially in the December quarter.
Quotes from the call
“Our planned CapEx for the remainder of the fiscal year is approximately $15 billion. This is down from the prior estimate, reflecting the flexibility to pace data center and GPU CapEx.”
Key facts from the call
- Outlook: remaining fiscal 2027 capex
- Approximately $15 billion, down from prior estimate
- Outlook: remaining capex to be funded
- About $6 billion
- Indicative funding sources for the $6 billion to be funded
- $12 billion to $15 billion, before convertibles or equity
- Outlook: December-quarter cash operating expense increase
- Approximately $50 million to $60 million sequentially
Source: IREN's fiscal first-quarter 2027 earnings call, November 5, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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