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

by · The Cerbat Gem

Iron Mountain (NYSE:IRM – Get Free Report) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.870-5.930 for the period, compared to the consensus EPS 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.

Iron Mountain Stock Performance

NYSE:IRM traded down $4.99 during trading on Thursday, reaching $122.14. The company’s stock had a trading volume of 1,823,873 shares, compared to its average volume of 1,789,310. The firm has a 50 day moving average of $125.06 and a 200-day moving average of $114.64. Iron Mountain has a 12 month low of $77.77 and a 12 month high of $134.68. The firm has a market cap of $36.34 billion, a price-to-earnings ratio of 134.22 and a beta of 1.20.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be issued a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 2.8%. Iron Mountain’s dividend payout ratio (DPR) is 379.12%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IRM shares. Barclays increased their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. raised their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial set a $140.00 target price on shares of Iron Mountain in a research report on Friday, May 1st. Finally, Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average target price of $135.17.

Check Out Our Latest Report on IRM

Insider Buying and Selling

In other news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $127.91, for a total value of $767,460.00. Following the completion of the sale, the executive vice president owned 119,507 shares of the company’s stock, valued at approximately $15,286,140.37. The trade was a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the 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 owned 1,135 shares of the company’s stock, valued at $141,250.75. This represents a 40.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 137,260 shares of company stock worth $17,361,672 over the last 90 days. Insiders own 1.70% of the company’s stock.

Key Stories Impacting Iron Mountain

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

  • Positive Sentiment: Second-quarter revenue rose 18.5% year over year to approximately $2.03 billion, exceeding the $1.97 billion consensus estimate. Adjusted earnings of $1.44 per share also surpassed expectations, while the company returned to positive net income. Iron Mountain Reports Second Quarter 2026 Results
  • Positive Sentiment: Growth remained strongest in data centers, asset lifecycle management (ALM), and digital services, which collectively expanded more than 50% year over year. Data-center leasing reached 110 megawatts year to date, including 75 megawatts booked in July, supporting expectations for continued demand from artificial intelligence and cloud infrastructure. Iron Mountain Q2 Earnings Call Highlights
  • Positive Sentiment: Iron Mountain raised its full-year 2026 outlook. Revenue is now expected at approximately $7.94 billion to $8.01 billion, while EPS guidance of $5.87 to $5.93 is above the roughly $5.40 consensus estimate. Third-quarter EPS guidance of $1.47 also exceeds analyst expectations. Iron Mountain 2026 Revenue Forecast
  • Neutral Sentiment: The company declared a quarterly dividend of $0.864 per share, payable October 2 to shareholders of record September 15. The dividend supports income-oriented investors, although the approximately 2.7% yield may not be enough to offset valuation concerns.
  • Negative Sentiment: Despite the earnings beat and raised guidance, IRM trades at a very high earnings multiple, leaving the shares vulnerable to profit-taking when results are merely strong rather than substantially above expectations. Recent reports also show extensive insider selling, including sales by senior executives, which may weigh on investor sentiment. Iron Mountain Stock Performance

Institutional Trading of Iron Mountain

A number of institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its position in shares of Iron Mountain by 32.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,690 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 415 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Iron Mountain in the 4th quarter worth about $112,000. Quarry LP lifted its position in Iron Mountain by 52.7% during the 3rd quarter. Quarry LP now owns 852 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 294 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Iron Mountain by 14.5% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,580 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 200 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Iron Mountain in the second quarter worth approximately $115,000. Hedge funds and other 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.

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