Iron Mountain (NYSE:IRM) Releases Q3 2026 Earnings Guidance

Iron Mountain (NYSE:IRM) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.470-1.470 for the period, compared to the consensus earnings per share estimate of 1.350. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Iron Mountain also updated its FY 2026 guidance to 5.870-5.930 EPS.

Wall Street Analyst Weigh In

A number of research firms have commented on IRM. JPMorgan Chase & Co. upped their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Barclays boosted their target price on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Truist Financial set a $140.00 target price on Iron Mountain in a report on Friday, May 1st. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings upgraded shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus price target of $135.17.

Iron Mountain Stock Down 3.9%

Shares of NYSE:IRM traded down $4.99 during trading on Thursday, hitting $122.14. The stock had a trading volume of 1,823,873 shares, compared to its average volume of 1,789,310. Iron Mountain has a 12 month low of $77.77 and a 12 month high of $134.68. The company has a market capitalization of $36.34 billion, a PE ratio of 134.22 and a beta of 1.20. The firm’s fifty day moving average is $125.06 and its 200 day moving average is $114.64.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be given a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. Iron Mountain’s dividend payout ratio is currently 379.12%.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total transaction of $4,725,761.42. Following the completion of the transaction, the chief executive officer owned 38,474 shares in the company, valued at approximately $4,725,761.42. The trade was a 50.00% decrease in their ownership of the stock. 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. Also, Director Walter C. Rakowich sold 757 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the sale, the director directly owned 1,135 shares in the company, valued at approximately $141,250.75. This represents a 40.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 137,260 shares of company stock worth $17,361,672 over the last quarter. 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: Second-quarter revenue rose 18.5% year over year to approximately $2.03 billion, exceeding the $1.97 billion consensus estimate. Adjusted earnings of $1.44 per share also surpassed expectations, while the company returned to positive net income. Iron Mountain Reports Second Quarter 2026 Results
• Positive Sentiment: Growth remained strongest in data centers, asset lifecycle management (ALM), and digital services, which collectively expanded more than 50% year over year. Data-center leasing reached 110 megawatts year to date, including 75 megawatts booked in July, supporting expectations for continued demand from artificial intelligence and cloud infrastructure. Iron Mountain Q2 Earnings Call Highlights
• Positive Sentiment: Iron Mountain raised its full-year 2026 outlook. Revenue is now expected at approximately $7.94 billion to $8.01 billion, while EPS guidance of $5.87 to $5.93 is above the roughly $5.40 consensus estimate. Third-quarter EPS guidance of $1.47 also exceeds analyst expectations. Iron Mountain 2026 Revenue Forecast
• Neutral Sentiment: The company declared a quarterly dividend of $0.864 per share, payable October 2 to shareholders of record September 15. The dividend supports income-oriented investors, although the approximately 2.7% yield may not be enough to offset valuation concerns.
• Negative Sentiment: Despite the earnings beat and raised guidance, IRM trades at a very high earnings multiple, leaving the shares vulnerable to profit-taking when results are merely strong rather than substantially above expectations. Recent reports also show extensive insider selling, including sales by senior executives, which may weigh on investor sentiment. Iron Mountain Stock Performance

Institutional Trading of Iron Mountain

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Iron Mountain by 4.5% during the 1st 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 acquiring an additional 1,286 shares during the period. Empowered Funds LLC raised its holdings 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 purchasing an additional 537 shares during the last quarter. Woodline Partners LP lifted its position in 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 purchasing an additional 7,193 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Iron Mountain by 29.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 300 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Iron Mountain by 3.6% in the second quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock worth $3,620,000 after purchasing an additional 1,222 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

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.