IREN Q1: AI Cloud $200M and a $20.3B backlog that is about 5.1x the $4B ARR target
IREN (IREN) reported Q1 FY27 results on Wednesday with AI Cloud revenue nearly tripling to $200 million and total revenue at $228 million.
The $20.3 billion backlog is about 5.1x the more than $4 billion contracted ARR target, which slipped to January after a customer design change. Not financial advice.
https://iren.gcs-web.com/news-releases/news-release-details/iren-reports-q1-fy27-results
Sources: CNBC: IREN AI Cloud more than doubled to $200M; backlog $20.3B; ARR timing to Jan/Feb 2027 · @growthrapidly: IREN AI Cloud $200M; backlog $20.3B; ARR >$4B; stock rebound after selloff · @wallstengine: IREN Q1 highlights; AI Cloud $200M; 86% GM; backlog $20.3B
Not financial advice. For informational and educational purposes only.
India's Nifty 50 +8.58% week: FPIs bought a record ~$4.9B and DIIs sold about 53% of it back
India's Nifty 50 rose 8.58% last week, its best week since early 2021, while tech-heavy Asian markets sold off on AI worries. Foreign…
Opendoor Q3: gross profit per home sold fell to about $13.9k from $25.7k while it bought 1.8 homes per sale
Opendoor (OPEN) reported third-quarter results on Thursday: revenue of $1.02 billion (+12%), with 4,865 homes bought and 2,728 sold. Gross profit works…
$ETN daily pick: sell Dec 18 $300 put (buy-side) after the midterm data-center washout
$ETN: I'm selling the Dec 18 $300 put on @EatonCorp after a beat-and-raise got washed out with the data-center complex. Live at 12:15pm ET ($339.78): 14% under the 200-day About 21x 2027 EPS estimates $7.80 credit, breakeven $292.20 About 2.6% in 42 days (~23% annualized)
Credit Rating Downgrades — Three Cuts, One Safe Haven
U.S. debt lost its top rating at all three major agencies as rising debt and interest costs weakened fiscal strength.
On August 5, 2011, S&P stripped the United States of its AAA credit rating for the first time in the nation's history, cutting it to AA+. The New York Times headline two days later: "S.&P. Downgrades Debt Rating of U.S. for the First Time." The S&P 500 fell about 6.7% the next session, its worst single day since 2008, though…