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

Posted by Brian Himes on Aug 5th, 2026

Iron Mountain (NYSE:IRM – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 5.870-5.930 for the period, compared to the consensus earnings per share estimate of 5.400. The company issued revenue guidance of $7.9 billion-$8.0 billion, compared to the consensus revenue estimate of $7.9 billion. Iron Mountain also updated its Q3 2026 guidance to 1.470-1.470 EPS.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IRM. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial set a $140.00 target price on Iron Mountain in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research note 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $134.33.

View Our Latest Stock Report on Iron Mountain

Iron Mountain Stock Up 1.1%

IRM stock traded up $1.39 during trading on Wednesday, reaching $126.90. The stock had a trading volume of 1,837,966 shares, compared to its average volume of 1,785,660. Iron Mountain has a one year low of $77.77 and a one year high of $134.68. The company’s 50 day moving average is $125.05 and its two-hundred day moving average is $114.40. The company has a market capitalization of $37.76 billion, a price-to-earnings ratio of 139.80 and a beta of 1.20.

Iron Mountain (NYSE:IRM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.90. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.During the same period in the prior year, the firm posted $1.24 earnings per share. Iron Mountain’s quarterly revenue was up 18.5% compared to the same quarter last year. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, research analysts predict that Iron Mountain will post 5.4 earnings per share for the current fiscal year.

Insider Activity at Iron Mountain

In other news, Director Walter C. Rakowich sold 757 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the sale, the director directly owned 1,135 shares of the company’s stock, valued at $141,250.75. This represents a 40.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $122.83, for a total value of $4,725,761.42. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,725,761.42. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 137,260 shares of company stock worth $17,361,672 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Key Iron Mountain News

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

Positive Sentiment: Second-quarter results beat expectations. Iron Mountain reported adjusted earnings of $1.44 per share, above the $1.40 consensus estimate, while revenue rose 18.5% year over year to $2.029 billion, slightly exceeding forecasts. Net income improved to $106.1 million from a year-ago loss. Iron Mountain Reports Second Quarter 2026 Results
Positive Sentiment: Growth businesses delivered strong momentum. Data center, digital and ALM revenue collectively grew more than 50% year over year. Data center leasing reached 110 megawatts year to date, including 75 megawatts signed in July, supporting expectations for continued expansion. IRM Q2 AFFO Beats Estimates on Data Center and ALM Growth
Positive Sentiment: 2026 guidance was raised. Full-year EPS guidance of $5.87-$5.93 is well above the $5.40 analyst consensus, while revenue guidance is $7.94-$8.01 billion. Third-quarter EPS guidance of $1.47 also exceeds the $1.35 consensus. The company declared a quarterly dividend of $0.864 per share, payable October 2. Iron Mountain 2026 Outlook
Neutral Sentiment: Investors should weigh valuation and insider activity. IRM trades near its 52-week high with a high reported P/E ratio, while recent insider activity shows selling but no purchases. Institutional positioning was mixed, with some large investors adding shares and others reducing exposure.

Hedge Funds Weigh In On Iron Mountain

Hedge funds have recently made changes to their positions in the business. Garton & Associates Financial Advisors LLC bought a new stake in Iron Mountain during the 4th quarter valued at about $25,000. Johnson Financial Group Inc. purchased a new position in Iron Mountain during the 3rd quarter worth approximately $32,000. DV Equities LLC purchased a new stake in Iron Mountain during the fourth quarter worth $34,000. Triumph Capital Management increased its holdings in 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 acquiring an additional 391 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in Iron Mountain in the 4th quarter worth about $44,000. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Company Profile

(Get Free Report)

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.