Iron Mountain (NYSE:IRM) Releases Q2 2026 Earnings Guidance

Iron Mountain (NYSE:IRM) updated its second quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.400-1.400 for the period, compared to the consensus EPS estimate of 1.320. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $1.9 billion. Iron Mountain also updated its FY 2026 guidance to 5.790-5.860 EPS.

Wall Street Analysts Forecast Growth

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

Iron Mountain Price Performance

Shares of NYSE IRM traded up $11.14 during mid-day trading on Thursday, reaching $125.66. The company’s stock had a trading volume of 5,039,096 shares, compared to its average volume of 1,331,633. The firm has a market capitalization of $37.38 billion, a PE ratio of 261.80 and a beta of 1.13. Iron Mountain has a 52 week low of $77.77 and a 52 week high of $126.43. The stock has a fifty day moving average of $108.73 and a two-hundred day moving average of $98.25.

Iron Mountain (NYSE:IRM) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.91. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 99.59% and a net margin of 2.10%.The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous 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. Analysts anticipate that Iron Mountain will post 5.26 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be given a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. Iron Mountain’s dividend payout ratio is 720.83%.

Insider Buying and Selling

In other news, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $3,951,664.54. Following the transaction, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $3,951,664.54. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $102.71, for a total value of $616,260.00. Following the transaction, the executive vice president directly owned 125,507 shares in the company, valued at approximately $12,890,823.97. This represents a 4.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 451,648 shares of company stock valued at $48,297,449. 1.70% of the stock is currently owned by company insiders.

Key Headlines Impacting Iron Mountain

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

• Positive Sentiment: Q1 results and guidance lift outlook — IRM reported Q1 revenue of about $1.94B (?+21% YoY) and EPS that beat expectations; management raised FY2026 EPS guidance to a range near $5.79–5.86 and set Q2 EPS at $1.40, signaling confidence in demand. Read More.
• Positive Sentiment: AFFO and higher?growth businesses showing strength — Company reported strong AFFO (~$426M, roughly $1.43/share) and management highlighted momentum in data centers, digital and ALM, which drove the earnings beat and the outlook raise. Read More.
• Positive Sentiment: Dividend reaffirmed — Board declared a quarterly cash dividend of $0.864/share (record June 15, pay July 3), supporting the REIT/income investor case and complementing improving cash?flow metrics.
• Positive Sentiment: Analyst reaction — At least one note highlighted the quarter as a “blowout” tied to Storage/AI synergy and maintained a Buy stance, reinforcing bullish analyst momentum. Read More.
• Neutral Sentiment: Technical/market context — Post?earnings the stock pushed into key resistance levels after the rally; traders may watch whether gains hold or meet profit?taking at resistance. Read More.
• Neutral Sentiment: Earnings call/transcript available — Management commentary in the Q1 call and the full transcript provide more detail on data?center capacity, AI demand, and capital allocation. Investors should review for pacing of capex and margin cadence. Read More.
• Negative Sentiment: Notable insider selling flagged — Data aggregators show substantial insider sales over recent months (including senior executives), which some investors may view as a governance/valuation caution despite the strong quarter. Read More.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC bought a new position in Iron Mountain in the fourth quarter worth approximately $25,000. Johnson Financial Group Inc. bought a new position in Iron Mountain in the third quarter worth approximately $32,000. DV Equities LLC bought a new position in Iron Mountain in the fourth quarter worth approximately $34,000. Triumph Capital Management grew its stake in Iron Mountain by 1,056.8% in the fourth quarter. Triumph Capital Management now owns 428 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 391 shares in the last quarter. Finally, Strive Financial Group LLC bought a new position in Iron Mountain in the fourth quarter worth approximately $44,000. Institutional investors own 80.13% of the company’s stock.

About Iron Mountain

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.