Iron Mountain (NYSE:IRM) Issues FY 2026 Earnings Guidance

Iron Mountain (NYSE:IRM) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 5.790-5.860 for the period, compared to the consensus EPS estimate of 5.260. The company issued revenue guidance of $7.8 billion-$7.9 billion, compared to the consensus revenue estimate of $7.7 billion. Iron Mountain also updated its Q2 2026 guidance to 1.400-1.400 EPS.

Iron Mountain Price Performance

Shares of Iron Mountain stock traded up $9.24 during trading on Thursday, reaching $123.76. 796,757 shares of the stock traded hands, compared to its average volume of 1,760,386. The company has a market capitalization of $36.82 billion, a price-to-earnings ratio of 258.77 and a beta of 1.13. The business has a fifty day simple moving average of $108.38 and a two-hundred day simple moving average of $98.06. Iron Mountain has a 52-week low of $77.77 and a 52-week high of $125.27.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.91. Iron Mountain had a negative return on equity of 99.59% and a net margin of 2.10%.The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. On average, research analysts predict that Iron Mountain will post 5.26 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Monday, March 16th were given a $0.864 dividend. The ex-dividend date was Monday, March 16th. This represents a $3.46 annualized dividend and a yield of 2.8%. Iron Mountain’s dividend payout ratio (DPR) is currently 718.75%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Zacks Research lowered Iron Mountain from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Loop Capital set a $130.00 price target on Iron Mountain in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Barclays lifted their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company lifted their price target on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.60.

Insiders Place Their Bets

In other Iron Mountain news, Director Jennifer Allerton sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the transaction, the director owned 11,541 shares in the company, valued at $1,256,584.08. The trade was a 37.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 137,133 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $109.39, for a total value of $15,000,978.87. Following the transaction, the chief executive officer owned 295,975 shares of the company’s stock, valued at $32,376,705.25. This trade represents a 31.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 451,648 shares of company stock worth $48,297,449 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

Key Iron Mountain News

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Iron Mountain raised its full-year 2026 guidance, with EPS now guided to $5.79–$5.86 (well above consensus of $5.26) and revenue guided to $7.8B–$7.9B (above consensus). Management cited booming demand for data center capacity to support AI workloads as the driver. Iron Mountain raises annual forecast on AI-fueled data center boom
• Positive Sentiment: IRM updated Q2 2026 guidance: EPS of $1.40 (vs. consensus ~$1.32) and revenue ~ $2.0B (vs. consensus ~$1.9B), signaling near-term strength in data center and services revenue. (Company guidance release)
• Positive Sentiment: Q1 results beat: Iron Mountain reported EPS of $0.60 vs. analysts’ $0.52 estimate, topping consensus and reinforcing the upbeat guidance. Iron Mountain Reports First Quarter 2026 Results
• Neutral Sentiment: Pre-earnings previews and Wall Street metric analysis (Zacks/Yahoo) provided context on key operating metrics investors were watching going into Q1; these pieces explain where upside came from but do not add new company guidance. Wall Street’s Insights Into Key Metrics Ahead of Iron Mountain (IRM) Q1 Earnings
• Negative Sentiment: Despite the beat and raised guidance, the company reported a low net margin (2.1%) and a negative return on equity (~-99.6%) for the quarter, items some investors may view as structural profitability or accounting concerns to monitor. (Company earnings release/summary) Press Release

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Iron Mountain by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after buying an additional 1,286 shares during the period. Empowered Funds LLC raised its stake in shares of Iron Mountain by 10.3% during the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 537 shares in the last quarter. Woodline Partners LP raised its stake in shares of Iron Mountain by 41.0% during the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after acquiring an additional 7,193 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Iron Mountain by 29.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 300 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Iron Mountain by 3.6% during the second quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock valued at $3,620,000 after acquiring an additional 1,222 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.