$IREN · Jose Najarro Stocks · 2026-11-01

We have companies like Airtest Technology, AMD, SuperMicro, iRent and Lumintum announcing their earnings . Each of these companies represents a different aspect of the artificial intelligence industry and the semiconductor supply chain.

We have "iRent " and "Lumentum", don't we? A cloud computing player and an optics player will announce their earnings on Thursday, November 5th.

Now, as for iRent, iRent will announce its results on November 5th. This will be one of the first actual "New Cloud " companies that are very small, won't it?

They just announced their fourth quarter results about 3 months ago. They will announce their first quarter results for fiscal year 2027. The market expects revenues of around $220 million.

This is actually a good improvement compared to the 137 million achieved a quarter ago.

Now, for the next quarter, they expect guidance to be around 372 million. So, another strong improvement. And for the whole year, that's crazy. For the whole year, based on consensus, the market is expecting revenues of around $2.7 billion.

This really illustrates what the market is looking for in terms of a revenue rebound for these quarters.

next quarter, they expect guidance to be around 372 million. So, another strong improvement. And for the whole year, that's crazy. For the whole year, based on consensus, the market is expecting revenues of around $2.7 billion.

This really illustrates what the market is looking for in terms of a revenue rebound for these quarters. Now, earnings per share are expected to remain in negative territory.

The administration also warned that cash operating expenses would rise before revenues increased, as it tried to build up a large portion of capital expenditures. This report can tell us how operations and customer acceptance are progressing compared to the plan, can't it?

Compared to the plan. Many people speak badly about "iRent". This will be the right time for you to show up and tell us, look, this is how we do it. This is how we do it.

Now, iRan's stock has fallen by about 37% in 3 months since the pre-earnings close . The stock fell by about 40%. Last quarter's earnings reacted by a decline of approximately 13%. So, will this surprise us? Maybe, isn't it?

I am actually optimistic about "Ai Ran". I think " Ai Ran" is doing very well. They have opportunities, but the directions we are heading in are truly impressive.

Now, iRan has done a few things since the recent earnings. They closed a $363 million equipment refinancing in October. The lender describes the graphics processing units (GPUs) and current revenue-generating network equipment.

So, this is an advance in financing, not a new revenue contract. It also does not appear that the entire expansion is funded.

We saw the Spain complex, which was announced in October, has a later timeline with initial operations targeted for 2028. Sweetwater has network-specific construction and milestones.

These developments are important for the long term, but the discussion of immediate profits should remain focused on the available capacity schedule and the cash flow needed for implementation, shouldn't it?

It is clear that everyone is very excited about the Spain complex or the acquisition of "Sweetwater". We just want to make sure that everything is progressing as we have been told and find out if there is any new timetable and if anything will be delivered ahead of schedule .

There are a few other administrative matters that need to be considered here for "iRan" by the end of this calendar year. Targeted annual operating recurring revenue (ARR) of $4 billion by the end of December, right?

Then a large portion of that revenue will actually come in later in March, mainly affecting March revenue. That's why, if we look at the guidelines, isn't that right? We see the first quarter and the

For fiscal year 2027, the capital expenditure guidance was previously around $25 billion to $30 billion. Does this change? Will this remain the same? Then there are the advance payments and financing; how will that work?

How much further modification is needed? What happens to get these advance payments? Are there any changes, especially now in light of this credit crunch ?

I think that's what really excites me about Irenaeus. This will be yet another time we hear a smaller player in the cloud computing market talking about that market.

Obviously, things can go up and down. Fluctuations still exist. Fear in the market could create further declines. I am not saying that we have reached the bottom or that stocks cannot go down.

Obviously, stocks can go down , but if I own shares in AMD, iRent, or AIR, I'm not worried, am I?

But as for AMD and iRent, I'm not insanely scared . "iRent," I'm looking for acceptance dates or a discussion about the overall ecosystem, how you operate GPUs, and whether you're able to secure funding quickly enough, or is the world of funding really as scary as the market makes it seem?