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

Iron Mountain (NYSE:IRM) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.400-1.400 for the period, compared to the consensus 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.

Iron Mountain Price Performance

IRM traded up $1.10 on Friday, reaching $127.09. The company’s stock had a trading volume of 2,399,871 shares, compared to its average volume of 1,527,903. The stock has a market cap of $37.81 billion, a price-to-earnings ratio of 264.78 and a beta of 1.21. Iron Mountain has a 1 year low of $77.77 and a 1 year high of $127.94. The business’s 50 day moving average is $108.73 and its 200 day moving average is $98.25.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.93. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $1.17 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. 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. As a group, research analysts forecast that Iron Mountain will post 5.26 earnings per share 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 paid a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain’s dividend payout ratio is 720.83%.

Analyst Ratings Changes

IRM has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Zacks Research lowered Iron Mountain from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Loop Capital set a $130.00 target price on Iron Mountain in a research report on Wednesday, March 4th. Finally, Truist Financial set a $140.00 target price on Iron Mountain in a research report on Friday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Insider Transactions at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $616,260.00. Following the completion of the transaction, the executive vice president owned 125,507 shares in the company, valued at approximately $12,890,823.97. This trade represents a 4.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer Allerton sold 7,000 shares of Iron Mountain stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total value of $762,160.00. Following the completion of the transaction, the director owned 11,541 shares of the company’s stock, valued at approximately $1,256,584.08. The trade was a 37.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,648 shares of company stock worth $48,297,449 in the last quarter. Insiders own 1.70% of the company’s stock.

Trending Headlines about Iron Mountain

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

• Positive Sentiment: Q1 beat & guidance raise — Iron Mountain reported stronger-than-expected Q1 results (revenue up ~21.5%, AFFO and EPS beat) and raised FY2026 and Q2 guidance, signaling sustained demand across data centers and digital services. Press Release / Slide Deck
• Positive Sentiment: AI/data-center tailwind — Reuters and other outlets attribute the guidance lift to accelerating demand from AI workloads driving colocation and data-center services, a higher-growth area for IRM. Iron Mountain raises annual forecast on AI-fueled data center boom
• Positive Sentiment: AFFO and profitability momentum — Analysts highlighted strong AFFO growth (~22%) and improved cash-generation metrics that underpin the stock’s re-rating and dividend capacity. Zacks: Q1 AFFO Tops Estimates
• Positive Sentiment: Analyst upgrade / higher target — JPMorgan upgraded IRM to “Overweight” and raised its target to $138, reinforcing buy-side momentum and setting an upgraded valuation anchor. Benzinga
• Neutral Sentiment: Dividend declared — Board announced a $0.864 quarterly dividend (ex-dividend June 15), which supports the REIT income story but is expected rather than transformative. (Company release / earnings materials linked above.)
• Neutral Sentiment: Market technicals and coverage — Coverage pieces and trade notes flagged IRM’s move into resistance/record-high territory after the print, which can attract momentum traders but may also invite short-term profit-taking. Invezz: resistance story
• Negative Sentiment: Insider & institutional selling — Reports note substantial insider sales recently (including multiple executive disposals) and large institutional position shifts, which could concern some investors about near-term liquidity or tax-driven selling pressure.

Institutional Trading of Iron Mountain

Hedge funds have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC bought a new stake in shares of Iron Mountain in the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain in the 3rd quarter worth approximately $32,000. DV Equities LLC bought a new stake in shares of Iron Mountain in the 4th quarter worth approximately $34,000. Triumph Capital Management lifted its holdings in shares of Iron Mountain by 1,056.8% in the 4th quarter. Triumph Capital Management now owns 428 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 391 shares during the last quarter. Finally, Strive Financial Group LLC bought a new stake in shares of Iron Mountain in the 4th 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.