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

Iron Mountain (NYSE:IRM) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.690-5.790 for the period, compared to the consensus estimate of 3.440. The company issued revenue guidance of $7.6 billion-$7.8 billion, compared to the consensus revenue estimate of $7.6 billion. Iron Mountain also updated its Q1 2026 guidance to 1.390-1.390 EPS.

Iron Mountain Stock Performance

IRM stock traded up $7.78 on Thursday, hitting $108.00. 3,689,357 shares of the company’s stock were exchanged, compared to its average volume of 2,030,460. The firm has a 50 day moving average price of $87.87 and a two-hundred day moving average price of $93.53. Iron Mountain has a 12-month low of $72.33 and a 12-month high of $110.91. The stock has a market cap of $31.92 billion, a P/E ratio of 205.33 and a beta of 1.16.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. 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. Sell-side analysts expect that Iron Mountain will post 4.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, 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 transaction of $498,600.00. Following the transaction, the executive vice president directly owned 55,081 shares of the company’s stock, valued at $4,577,231.10. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 38,482 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $83.17, for a total value of $3,200,547.94. The SEC filing for this sale provides additional information. In the last three months, insiders sold 119,607 shares of company stock valued at $9,970,025. 1.90% of the stock is owned by insiders.

Iron Mountain News Summary

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.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. purchased a new stake in Iron Mountain in the 3rd quarter valued at $32,000. Wealth Watch Advisors INC acquired a new position in shares of Iron Mountain during the 3rd quarter valued at about $44,000. Quarry LP grew its holdings in shares of Iron Mountain by 52.7% in the third quarter. Quarry LP now owns 852 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 294 shares during the period. MUFG Securities EMEA plc purchased a new position in Iron Mountain during the second quarter worth about $89,000. Finally, Headlands Technologies LLC acquired a new position in Iron Mountain in the 2nd quarter valued at about $115,000. Hedge funds and other 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.