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

Iron Mountain (NYSE:IRM) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.690-5.790 for the period, compared to the consensus earnings per share estimate of 3.440. The company issued revenue guidance of $7.6 billion-$7.8 billion, compared to the consensus revenue estimate of $7.6 billion. Iron Mountain also updated its Q1 2026 guidance to 1.390-1.390 EPS.

Iron Mountain Trading Up 3.5%

NYSE:IRM opened at $109.72 on Friday. Iron Mountain has a 1 year low of $72.33 and a 1 year high of $110.91. The firm has a market capitalization of $32.43 billion, a PE ratio of 228.59 and a beta of 1.16. The firm’s fifty day simple moving average is $88.80 and its 200 day simple moving average is $93.70.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.46 annualized dividend and a yield of 3.1%. Iron Mountain’s payout ratio is currently 652.83%.

Analyst Ratings Changes

IRM has been the topic of a number of research analyst reports. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Barclays reaffirmed an “overweight” rating and set a $126.00 price target on shares of Iron Mountain in a report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price target on shares of Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Insider Transactions at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $83.10, for a total value of $498,600.00. Following the completion of the transaction, the executive vice president directly owned 55,081 shares of the company’s stock, valued at $4,577,231.10. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 69,125 shares of Iron Mountain stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $83.34, for a total transaction of $5,760,877.50. The SEC filing for this sale provides additional information. Insiders sold 119,607 shares of company stock worth $9,970,025 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Key Stories Impacting Iron Mountain

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

• Positive Sentiment: Adjusted results and revenue beat — Iron Mountain reported Q4 AFFO and adjusted metrics that topped expectations and revenue grew ~16.6% year-over-year, driven by both storage rental and services. Iron Mountain Q4 AFFO Beat, Storage Rental & Service Revenues Rise
• Positive Sentiment: Data-center boom and record growth — Management highlighted strong demand for land leases and data-center capacity (AI-driven workloads), marking another year of record performance and helping push growth businesses to the fore. Iron Mountain Shatters Record
• Positive Sentiment: Strong FY‑2026 and Q1 guidance — The company raised FY‑2026 revenue and EPS guidance materially above Street consensus, citing continued data-center leasing and diversified revenue streams, which supports re-rating expectations. Iron Mountain forecasts annual revenue above estimates
• Positive Sentiment: Dividend declared — Iron Mountain announced a quarterly dividend (record March 16; payable April 3), supporting income-oriented investor interest given the company’s yield profile. (Company release)
• Neutral Sentiment: Valuation context — Analysts are revisiting valuation after the record quarter and upbeat guide; some note the stock’s premium multiples on adjusted metrics versus historicals and peers, so upside depends on execution and margin trends. A Look At Iron Mountain Valuation
• Negative Sentiment: GAAP EPS miss and one-offs — On a GAAP basis the quarter included items that produced an EPS shortfall vs. consensus, which could concern short-term investors focused on headline earnings. MarketBeat Q4 EPS details

Institutional Trading of Iron Mountain

A number of institutional investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. bought a new position in shares of Iron Mountain in the 3rd quarter worth about $32,000. Triumph Capital Management increased its holdings in Iron Mountain by 1,056.8% during 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 in the last quarter. Wealth Watch Advisors INC purchased a new position in Iron Mountain during the 3rd quarter worth $44,000. Quarry LP boosted its stake in shares of Iron Mountain by 52.7% in the 3rd quarter. Quarry LP now owns 852 shares of the financial services provider’s stock worth $87,000 after buying an additional 294 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Iron Mountain in the 2nd quarter valued at $89,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

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.