Iron Mountain Incorporated (Delaware)Common Stock REIT (IRM) Earnings

Iron Mountain Incorporated (Delaware)Common Stock REIT

IRM · NYSE

Sep 2026upcoming

Next quarter

Reports Nov 5, 2026, before the open.

Consensus is $1.35 EPS for Sep 2026 across 1 estimates, ranging $1.35 to $1.35.

IRM Jun 2026

Reported Aug 5, 2026 · before the open

: 12.50%

: $1.28
: $1.44
: —
: $2.03B

Reported results

: $2.03B; from $1.71B
: $373.53M; from $259.90M
: 18.41%; from 15.18%
: $106.10M; from -$43.34M
: $0.34; from -$0.15

Highlights

- Second-quarter revenue was $2.029062 billion, versus $1.711948 billion in the year-earlier quarter; net income was $106.102 million versus a $43.340 million loss.
- Global RIM revenue was $1.433562 billion and Adjusted EBITDA was $620.751 million, including $1.153385 billion of Records Management revenue, $123.148 million of Data Management revenue and $157.029 million of Information Destruction revenue.
- Global Data Center revenue was $262.871 million and Adjusted EBITDA was $137.343 million, compared with $189.401 million and $96.266 million, respectively, in the prior-year quarter.
- Consolidated Adjusted EBITDA was $727.018 million versus $628.388 million, while Adjusted EPS was $0.60 versus $0.48; the prior-year quarter included $50.340 million of restructuring and transformation costs, compared with none in 2026.
- Management expects continued total revenue and Adjusted EBITDA growth in 2026, with near-term RIM volume relatively stable, data center growth driven primarily by lease commencements, and service growth supported by digital offerings, records management and ALM.
- The supplied material gives no consolidated margin percentage, subscriber or unit count, capex amount, or numerical full-year guidance range.

Symbol: IRM
Type: Stock
Sector: Real Estate
Industry: Real Estate Investment Trusts
Country: North America
Exchange: NYSE

Iron Mountain Incorporated (NYSE: IRM) partners with more than 240,000 customers across 61 countries, including approximately 95% of the Fortune 1000. We serve as the trusted guardians of what matters most, helping unlock what's possible. By connecting physical, digital, and intelligent workflows, our lifecycle solutions help organizations realize enterprise value at scale. From complex challenges across information management and digital transformation to data security, data centers, and asset lifecycle management, we empower organizations to navigate an ever-changing landscape to prepare for tomorrow's possibilities. Our longstanding commitment to safety, security, sustainability, and continuous innovation defines everything we do.

Key Issues

Bullish view

Second-quarter AFFO increased to $432.7 million from $369.7 million, while normalized FFO rose 17.7% year over year and the company lifted 2026 guidance. That combination supports the view that operating momentum is translating into stronger cash generation.

Bearish view

The supplied evidence does not show the size or composition of the guidance increase, nor whether the second-quarter improvement is recurring. Investors may therefore question how much of the AFFO growth can persist.

Analyst Consensus

See all

Buy

9 analysts

$114

Current

—

Low

$140

Average

—

High

Average target implies +22.40% versus the current price.

Earnings History

BeatMissNo estimate

Iron Mountain Incorporated (Delaware)Common Stock REIT

Next quarter

Reported results

Highlights

Peers