Why IREN Stock Fell 4.99% in 10 Minutes After Q1 Earnings on Nov 5, 2026
EPS of -$0.66 came in below the -$0.48 estimate; revenue of $228 million came in above the $221.28 million estimate.
- IREN fell 4.99% in the 10 minutes after the 16:38:40 ET headline, from $20.24 to $19.23.
- MoveSurge measured 13 earlier IREN headlines with an attributed reaction between Aug 7, 2026 and Nov 4, 2026. The largest was +6.23% in 10 minutes, on Oct 27, 2026.
- 1.24 million shares changed hands in those 10 minutes, 44.9 times the stock's normal volume for that stretch of the session.
16:38:40 ET
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +10m | +1m % | +10m % |
|---|---|---|---|---|---|---|
| IREN Volume 44.9× normal in 15 min |
20.24 | 20.24 | 19.73 | 19.23 | -2.52% | -4.99% |
IREN shares fell 4.99% in the 10 minutes after its Q1 results reached the MoveSurge news feed at 16:38:40 ET on Thursday, November 5, 2026. EPS of -$0.66 came in below the -$0.48 estimate; revenue of $228 million came in above the $221.28 million estimate.
IREN in the first 10 minutes
The line that crossed at 16:38:40 ET: “IREN Q1: EPS -0.66 vs -0.48 est; revenue USD 228mln vs USD 221.28mln est”
From a reference price of $20.24 just before the headline, the stock was down 2.52% after one minute and down 4.99%, at $19.23, after 10 minutes. The move kept building after the first minute. 1.24 million shares changed hands in those 10 minutes, 44.9 times the stock's normal volume for that stretch of the session. The headline crossed in after-hours trading, 38 minutes after the 4:00 ET close.
IREN Q1 results against estimates
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| EPS | -$0.66 | -$0.48 | Miss |
| Revenue | $228 million | $221.28 million | Beat |
How IREN traded after earlier earnings releases
| Report | EPS vs estimate | Revenue vs estimate | First move |
|---|---|---|---|
| Aug 28, 2026 | -$0.74 vs -$0.49 | $137.2 million vs $142.32 million | -0.50% in 15 min |
| May 7, 2026 | -$0.33 vs -$0.17 | $144.8 million vs $223.39 million | not measured |
Other IREN headlines on November 5, 2026
- 16:24 ET: “IREN expects significant ongoing investment, including capital needs tied to its Microsoft and NVIDIA agreements” (+9.26% in 10 minutes)
- 09:41 ET: “IREN falls 10.1% to its lowest level since August 2025” (-0.43% in 10 minutes)
- 04:37 ET: “CoreWeave falls 1.6%, Nebius declines 2.8% and IREN drops 1%” (+0.10% in 10 minutes)
Earlier IREN headlines and the measured reaction
MoveSurge measured 13 earlier IREN headlines with an attributed reaction between Aug 7, 2026 and Nov 4, 2026. The largest was +6.23% in 10 minutes, on Oct 27, 2026.
- Nov 4, 2026, 04:13 ET: “Applied Digital falls 3.6%, Core Scientific drops 3.3%, IREN declines 3.6% and TeraWulf slips 3%” (-0.73% in 10 minutes)
- Nov 2, 2026, 09:37 ET: “CoreWeave falls 4%, Nebius declines 4.5% and IREN drops 3.1%” (+0.52% in 10 minutes)
- Oct 30, 2026, 04:25 ET: “CoreWeave drops 5.9%, Nebius falls 6.8% and IREN declines 5.7%” (+0.12% in 10 minutes)
- Oct 29, 2026, 04:42 ET: “CoreWeave falls 6%, Nebius drops 6.6% and IREN declines 5%” (-0.29% in 10 minutes)
- Oct 28, 2026, 09:17 ET: “IREN and Wingspire Equipment Finance Complete $363 Million Financing for High-Density AI Compute Assets” (-0.78% in 10 minutes)
- Oct 26, 2026, 09:35 ET: “Nebius falls 5%, CoreWeave drops 4.1% and IREN declines 3.3%” (-0.10% in 10 minutes)
IREN at a glance
| Sector | Finance |
| Industry | Finance: Consumer Services |
| Market value | $8.78 billion (as of Nov 5, 2026) |
Prices are closes of 1-minute bars. Each move on this page is measured from the last completed bar before its headline.
How did IREN stock react to its Q1 earnings on November 5, 2026?
The stock fell 4.99% in the 10 minutes after its Q1 results crossed at 16:38:40 ET. EPS of -$0.66 came in below the -$0.48 estimate; revenue of $228 million came in above the $221.28 million estimate.
How far did IREN move after the headline?
From $20.24 just before the headline to $19.23 10 minutes later, a -4.99% move.
What else has moved IREN stock recently?
The two largest measured reactions before November 5, 2026: Oct 28, 2026, IREN and Wingspire Equipment Finance Complete $363 Million Financing for High-Density AI Compute Assets (-0.78% in 10 minutes); Nov 4, 2026, Applied Digital falls 3.6%, Core Scientific drops 3.3%, IREN declines 3.6% and TeraWulf slips 3% (-0.73% in 10 minutes).
Sources
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IREN headline and measured reaction, Nov 5, 2026
— MoveSurge
The headline as it crossed, its timestamp, and the measured price reaction reported on this page.
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