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

Iron Mountain (NYSE:IRM) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 5.790-5.860 for the period, compared to the consensus EPS estimate of 5.260. The company issued revenue guidance of $7.8 billion-$7.9 billion, compared to the consensus revenue estimate of $7.7 billion. Iron Mountain also updated its Q2 2026 guidance to 1.400-1.400 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company lifted their target price on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Loop Capital set a $130.00 target price on Iron Mountain in a research report on Wednesday, March 4th. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday. Finally, Zacks Research lowered Iron Mountain from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Iron Mountain Price Performance

Shares of Iron Mountain stock traded up $0.71 during midday trading on Friday, reaching $126.70. The company had a trading volume of 1,038,901 shares, compared to its average volume of 1,808,287. The stock has a fifty day moving average price of $108.73 and a 200 day moving average price of $98.25. The firm has a market cap of $37.69 billion, a PE ratio of 263.90 and a beta of 1.13. Iron Mountain has a fifty-two week low of $77.77 and a fifty-two week high of $127.94.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.93. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a negative return on equity of 99.59% and a net margin of 2.10%.The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 earnings per share. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, sell-side analysts forecast that Iron Mountain will post 5.26 EPS for the current year.

Iron Mountain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be paid a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s payout ratio is currently 720.83%.

Insider Buying and Selling

In related news, Director Jennifer Allerton sold 7,000 shares of Iron Mountain stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $108.88, for a total value of $762,160.00. Following the transaction, the director directly owned 11,541 shares of the company’s stock, valued at $1,256,584.08. The trade was a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mithu Bhargava sold 59,725 shares of Iron Mountain stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the sale, the executive vice president owned 16,054 shares of the company’s stock, valued at approximately $1,679,569.48. The trade was a 78.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 451,648 shares of company stock valued at $48,297,449 in the last ninety days. Insiders own 1.70% of the company’s stock.

Iron Mountain News Roundup

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

• Positive Sentiment: Q1 beat and guidance raise — Iron Mountain reported stronger-than-expected Q1 results (EPS and revenue) and raised Q2 and FY2026 guidance on accelerating demand for data centers and digital services, driving the core bullish case. IRM Q1 Results
• Positive Sentiment: AI/data-center tailwinds — Management cited AI-driven demand for colocation and digital capacity as a key growth driver; analysts and press highlighted this as the reason management increased its outlook. Reuters: AI-fueled data center boom
• Positive Sentiment: Analyst upgrade/price-target lift — JPMorgan raised its rating to “Overweight” and moved its target to $138, adding upward price-target momentum from the sell side. Benzinga: JPMorgan raises PT
• Positive Sentiment: Dividend maintained/income appeal — Board declared a $0.864 quarterly dividend (paid July 3; ex-div June 15), which supports the REIT/income investor base. (Company release)
• Neutral Sentiment: Earnings-call detail & investor materials — Transcripts and analyst summaries (TipRanks, Moby, Seeking Alpha) highlight storage + AI messaging and ALM (asset lifecycle management) momentum; useful for conviction but largely reiterative of the print. TipRanks earnings highlights
• Neutral Sentiment: Technical note — Coverage noted the stock hit fresh resistance/record highs after the print; technical strength may attract momentum traders but could also invite profit-taking. Invezz: technical note
• Negative Sentiment: Insider & institutional selling — Public filings and coverage show significant insider sales (including large CEO dispositions) and recent big institutional reductions at some firms; this could cap upside if selling persists.

Institutional Investors Weigh In On Iron Mountain

A number of hedge funds have recently added to or reduced their stakes in IRM. Garton & Associates Financial Advisors LLC bought a new stake in Iron Mountain in the fourth quarter worth approximately $25,000. Johnson Financial Group Inc. bought a new stake in Iron Mountain in the third quarter worth approximately $32,000. DV Equities LLC bought a new stake in Iron Mountain in the fourth quarter worth approximately $34,000. Triumph Capital Management increased its holdings in Iron Mountain by 1,056.8% in the fourth 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. Finally, Strive Financial Group LLC bought a new stake in shares of Iron Mountain during the fourth quarter valued at approximately $44,000. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Company Profile

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.