Q3 EPS Estimates for TeraWulf Raised by Northland Securities

TeraWulf Inc. (NASDAQ:WULF) – Equities research analysts at Northland Securities raised their Q3 2026 earnings per share (EPS) estimates for TeraWulf in a research note issued to investors on Wednesday, August 5th. Northland Securities analyst M. Grondahl now expects that the company will post earnings of ($0.24) per share for the quarter, up from their previous forecast of ($0.26). The consensus estimate for TeraWulf’s current full-year earnings is ($1.06) per share. Northland Securities also issued estimates for TeraWulf’s Q4 2026 earnings at ($0.21) EPS.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The company had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. TeraWulf had a negative return on equity of 512.60% and a negative net margin of 1,179.94%.The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS.

Several other analysts also recently commented on WULF. Compass Point set a $40.00 target price on shares of TeraWulf in a report on Monday, July 6th. Keefe, Bruyette & Woods cut their price target on shares of TeraWulf from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Chardan Capital reaffirmed a “buy” rating and issued a $32.00 price objective on shares of TeraWulf in a research report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $37.00 price objective on shares of TeraWulf in a research note on Wednesday, July 15th. Finally, Morgan Stanley lifted their target price on shares of TeraWulf from $66.50 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.74.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $17.61 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 33.00. The stock has a market cap of $8.73 billion, a PE ratio of -4.03 and a beta of 3.76. The stock’s fifty day simple moving average is $22.72 and its two-hundred day simple moving average is $19.46. TeraWulf has a 1-year low of $4.67 and a 1-year high of $29.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of TeraWulf by 37.4% during the 4th quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock worth $386,558,000 after purchasing an additional 9,162,958 shares during the last quarter. Bank of America Corp DE lifted its position in shares of TeraWulf by 22.2% during the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock valued at $63,038,000 after buying an additional 2,617,617 shares during the last quarter. Morgan Stanley lifted its position in shares of TeraWulf by 8.1% during the 4th quarter. Morgan Stanley now owns 9,641,209 shares of the company’s stock valued at $110,778,000 after buying an additional 724,286 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of TeraWulf by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 8,377,589 shares of the company’s stock worth $96,274,000 after acquiring an additional 318,842 shares during the period. Finally, State Street Corp grew its stake in shares of TeraWulf by 4.2% during the 4th quarter. State Street Corp now owns 7,349,508 shares of the company’s stock worth $84,446,000 after acquiring an additional 298,645 shares during the period. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TeraWulf

In related news, CEO Paul B. Prager sold 166,650 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total value of $4,071,259.50. Following the transaction, the chief executive officer directly owned 4,249,202 shares of the company’s stock, valued at approximately $103,808,004.86. The trade was a 3.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 15.90% of the company’s stock.

Key Stories Impacting TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Analysts remain bullish: Rosenblatt Securities reaffirmed its “Buy” rating and set a $30 price target, implying substantial upside from the referenced $17.61 level. Benzinga analyst rating report
• Positive Sentiment: Chardan Capital also reaffirmed its “Buy” rating and raised or maintained a $32 price target, signaling confidence in TeraWulf’s longer-term growth prospects. Benzinga analyst rating report
• Positive Sentiment: TeraWulf said 102 megawatts of revenue-generating critical IT capacity is operating at Lake Mariner, while another 336 MW is under construction and expected to be delivered within its cost and schedule guidance. This supports the company’s strategy of serving growing AI and high-performance-computing demand. TeraWulf Reports Second Quarter 2026 Results
• Neutral Sentiment: Management described the business as moving toward “scaled execution,” with access to power becoming increasingly important in the AI infrastructure race. The outlook depends on completing construction and converting capacity into sustained revenue and profitability. TeraWulf CEO comments on scaled execution
• Negative Sentiment: Quarterly results disappointed: TeraWulf reported a loss per share far worse than analyst expectations, while revenue of $44.77 million fell short of the $45.32 million consensus estimate and declined 6% year over year. The earnings miss, alongside continued negative margins, is the primary near-term pressure on WULF. TeraWulf quarterly earnings report

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.