Iron Mountain (NYSE:IRM) Releases Q1 2026 Earnings Guidance

Iron Mountain (NYSE:IRM) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.390-1.390 for the period, compared to the consensus estimate of 0.830. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion. Iron Mountain also updated its FY 2026 guidance to 5.690-5.790 EPS.

Wall Street Analysts Forecast Growth

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

Iron Mountain Stock Up 8.1%

IRM traded up $8.16 during trading on Thursday, hitting $108.38. The company’s stock had a trading volume of 3,811,957 shares, compared to its average volume of 2,035,043. The stock has a market capitalization of $32.03 billion, a price-to-earnings ratio of 204.51 and a beta of 1.16. The firm’s 50 day moving average price is $87.87 and its two-hundred day moving average price is $93.53. Iron Mountain has a 12 month low of $72.33 and a 12 month high of $110.91.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, February 12th. The financial services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.39 by $0.05. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.During the same quarter in the previous year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Iron Mountain has set its FY 2026 guidance at 5.690-5.790 EPS and its Q1 2026 guidance at 1.390-1.390 EPS. On average, sell-side analysts forecast that Iron Mountain will post 4.54 earnings per share for the current year.

Insider Activity

In related news, CEO William L. Meaney sold 38,482 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $83.17, for a total value of $3,200,547.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, January 2nd. The shares were 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 owned 55,081 shares in the company, valued at $4,577,231.10. The trade was a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,607 shares of company stock valued at $9,970,025 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Key Iron Mountain News

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

• Positive Sentiment: Q4 operating beat — Iron Mountain reported $1.44 EPS (above $1.39 consensus) and AFFO per share and revenues rose year‑over‑year, showing solid quarter-over-quarter fundamentals. Read More.
• Positive Sentiment: Management raised guidance — IRM set Q1 FY2026 EPS guidance at 1.390 and FY2026 EPS at 5.690–5.790, well above consensus, and issued revenue targets that exceed prior expectations, signaling confidence in growth drivers. Read More.
• Positive Sentiment: Data‑center land lease boom — Management flagged strong enterprise demand to lease land for AI‑scale data centers; Iron Mountain said this helped push FY revenue guidance above Wall Street estimates and contributed to record results. Read More.
• Positive Sentiment: Record performance streak — Company noted a fifth straight year of record results, underscoring multi‑year momentum driven by data center expansion and recurring storage services. Read More.
• Neutral Sentiment: Additional analyst/context pieces — Several previews and writeups discuss IRM’s outlook and valuation post‑earnings; use these for deeper read‑throughs of guidance drivers and model changes. Read More., Read More.
• Negative Sentiment: Profitability/returns remain thin — Despite top‑line growth, IRM reported a low net margin (~2.4%) and a negative return on equity (‑112.7%), which could concern value‑oriented investors and limit multiple expansion. Read More.
• Negative Sentiment: High valuation vs. fundamentals — The stock trades at a rich P/E, reflecting high expectations; if future execution or data‑center demand softens, multiple could compress. Read More.

Institutional Trading of Iron Mountain

Institutional investors and hedge funds have recently made changes to their positions in the business. Vise Technologies Inc. bought a new position in Iron Mountain during the fourth quarter worth about $271,000. Certuity LLC acquired a new stake in shares of Iron Mountain during the third quarter worth about $267,000. Marex Group plc bought a new position in shares of Iron Mountain during the 4th quarter valued at about $253,000. Geneos Wealth Management Inc. grew its position in shares of Iron Mountain by 145.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,399 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 1,421 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in Iron Mountain by 24.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,094 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 414 shares in the last quarter. 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.