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

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

Analysts Set New Price Targets

Several brokerages have commented on IRM. JPMorgan Chase & Co. upped their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays upped their target price on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Wells Fargo & Company boosted their price objective on shares of Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.33.

Iron Mountain Trading Up 2.2%

Shares of NYSE:IRM opened at $128.29 on Wednesday. The stock has a fifty day simple moving average of $125.05 and a two-hundred day simple moving average of $114.40. Iron Mountain has a 12-month low of $77.77 and a 12-month high of $134.68. The stock has a market capitalization of $38.17 billion, a price-to-earnings ratio of 140.98 and a beta of 1.20.

Insider Transactions at Iron Mountain

In related news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $127.91, for a total value of $767,460.00. Following the transaction, the executive vice president owned 119,507 shares in the company, valued at $15,286,140.37. The trade was a 4.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 that occurred on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the sale, the director owned 1,135 shares in the company, valued at approximately $141,250.75. The trade was a 40.01% decrease in their position. 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 quarter. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Iron Mountain by 597.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock valued at $322,292,000 after acquiring an additional 2,708,560 shares during the period. Invesco Ltd. boosted its holdings in Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after buying an additional 776,933 shares during the period. AQR Capital Management LLC increased its stake in Iron Mountain by 101.8% in the 4th quarter. AQR Capital Management LLC now owns 923,196 shares of the financial services provider’s stock worth $76,579,000 after buying an additional 465,724 shares in the last quarter. State Street Corp lifted its position in shares of Iron Mountain by 1.9% in the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after acquiring an additional 322,144 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Iron Mountain by 215.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 377,807 shares of the financial services provider’s stock worth $38,752,000 after acquiring an additional 258,003 shares during the period. 80.13% of the stock is currently owned by institutional investors.

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.