Iron Mountain Incorporated

New York Stock Exchange

Top News rankings and signal summaries are processed using AI and may contain errors.

1
Bullish +75

Iron Mountain Q1 Earnings Call Highlights

AI-generated analysis

Iron Mountain Inc. (NYSE:IRM) reported record first-quarter 2026 results, driven by broad-based strength across its data center, Asset Lifecycle Management (ALM), and digital solutions segments, alongside improved performance in its core physical records storage operations. The company achieved 22% year-over-year growth in revenue, adjusted EBITDA,...

Bullish Signals

  • Iron Mountain reported record first-quarter 2026 results with revenue totaling $1.94 billion, representing a 22% year-over-year increase.
  • The company raised its full-year outlook after delivering strong performance across key segments including data centers, Asset Lifecycle Management (ALM), and digital solutions.
  • CEO Bill Meaney highlighted an organic growth rate of 17%, which is the highest achieved in more than 25 years.
  • Growth businesses specifically surged with total revenue exceeding $841 million for service revenue, a 31% increase year-over-year.
  • Adjusted EBITDA reached $708 million, surpassing prior projections by $23 million and achieving a margin of 36.6%.
  • Affordable Funds from Operations (AFFO) grew to $426 million, with AFFO per share reaching $1.43, which was $0.04 ahead of prior guidance.
  • Operating cash flow hit an all-time quarterly record at $339 million, a significant $141 million increase from the previous year.
  • Asset Lifecycle Management (ALM) revenue skyrocketed by 92% year-over-year to $232 million, with organic growth exceeding 77%.
  • Data center revenue grew by 47% to $255 million, driven by signing 22 MW of new leases and commencing 24 MW.
  • The company secured FedRAMP High authorization for its InSight digital services suite, a major development poised to strengthen its competitive stance in the U.S. public sector.
  • First-quarter bookings in the public sector ranked as the second best in the company's history, indicating strong momentum in government contracts.

Bearish Signals

  • Adjusted EBITDA margin of 36.6% was lower than the reported revenue growth, and data center margins decreased by 30 basis points year-over-year to 52.1%.
  • Foreign exchange contribution of approximately $40 million provided roughly 20% support to total revenue growth, with the strengthening dollar reducing the impact below prior assumptions.
  • Acquisitions of Premier Surplus and ACT Logistics contributed only $17 million in revenue for the quarter, suggesting these assets have not yet significantly impacted financial performance.
  • The article is titled '4 High-Yield Real Estate Stocks to Buy as Investors Get Defensive', which frames Iron Mountain's high yield characteristic as a defensive play rather than a growth driver, implying higher interest rate sensitivity or debt costs.
2
Very Bullish +85

Iron Mountain Q1 Earnings Call Highlights

AI-generated analysis

Iron Mountain reported record first-quarter results for fiscal 2026, driven by strong performance across its high-growth segments including data centers, Asset Lifecycle Management (ALM), and digital solutions. The company posted $1.94 billion in revenue, representing a 22% year-over-year increase, with $708 million in adjusted EBITDA...

Bullish Signals

  • Record Q1 revenue: $1.94B (+22% YoY).
  • Raised 2026 guidance to $7.825B–$7.925B.
  • Highest organic growth rate in 25 years.
  • Data center revenue surged 47% to $255M.
  • ALM revenue climbed 92% to $232M.
  • Global RIM hits quarterly record of $1.4B.
  • Historic operating cash flow of $339M.
  • FedRAMP High authorization for InSight suite.
  • Top public sector bookings in company history.

Bearish Signals

  • Reliance on acquisitions driving expansion after record revenue.
  • Data center margins contracted 30 basis points to 52.1%.
  • Dollar strengthening obscures true organic international performance.
  • Pivot to data centers increases exposure to volatile tech markets.
  • Signed only 22 MW of new leases in Q1.
3
Bullish +72

Iron Mountain stock carries 18.5 percent revenue growth into review

Earnings report Guidance raised AI-generated analysis

Iron Mountain reported strong second-quarter 2026 financial results, posting revenue of USD 2.03 billion, which represents an 18.5 percent year-over-year increase. The company also achieved Adjusted Funds From Operations (AFFO) of USD 1.44 per share, a 16.1 percent rise compared to the prior-year period. These...

Bullish Signals

  • Revenue grew 18.5% YoY to USD 2.03 billion in Q2 2026.
  • AFFO reached USD 1.44/share, beating estimates by 2.9%.
  • Raised full-year 2026 AFFO guidance to USD 5.87-5.93.
  • Revenue exceeded analyst expectations by USD 60 million.
4
Bullish +65

Bank of New York Mellon Corp Lowers Stake in Iron Mountain Incorporated ...

AI-generated analysis

Bank of New York Mellon Corp reduced its stake in Iron Mountain Incorporated (NYSE:IRM) by 3.6% in the first quarter, selling 61,142 shares and holding a remaining position valued at $165.96 million. Conversely, several other institutional investors increased their holdings significantly during the third and...

Bullish Signals

  • Q1 EPS beat at $0.60 vs $0.50 consensus.
  • Revenue hit $1.94B, beating $1.86B estimates.
  • Strong 21.5% year-over-year revenue growth achieved.
  • Institutional investors like Norges Bank increased stakes.
  • UBS Asset Management Americas position up 600%.
  • Full-year 2026 EPS guidance set at $5.79-$5.86.

Bearish Signals

  • BNY Mellon reduced stake by 3.6% in Q1.
  • Insiders sold 137,260 shares worth $17.36 million.
  • Stock trades at high P/E ratio of 135.96.
5
Bullish +75

Iron Mountain raises annual forecast on AI-fueled data center boom

AI-generated analysis

Iron Mountain has raised its full-year financial forecasts for 2026, driven by a surge in demand for data center space to support artificial intelligence capabilities and computing power needs for applications like ChatGPT. As a real estate investment trust, the company leverages this boom alongside...

Bullish Signals

  • Iron Mountain raised its annual revenue forecast to between $7.83 billion and $7.93 billion, surpassing analyst estimates of $7.74 billion.
  • The company's adjusted funds from operations (AFFO) per share is now expected between $5.79 and $5.86, significantly higher than the $4.68 in estimates.
  • First-quarter AFFO delivered $1.43 per share, beating analyst expectations of $1.26, while Q1 revenue of $1.94 billion also exceeded estimates of $1.86 billion.
  • Demand from the AI-fueled data center boom is expanding the market for Iron Mountain, which has already leased 32 megawatts through April.
  • The company benefits from stable cash flows in its core storage and records management business with a diversified customer base including major clients like Boeing, Akamai Technologies, and Coca-Cola.

Bearish Signals

  • Iron Mountain operates as a real estate investment trust (REIT), which inherently exposes it to interest rate sensitivity and leverage risks not detailed in the current forecast.
6
Very Bullish +78

Iron Mountain raises annual forecasts on AI-fueled data center boom

AI-generated analysis

Iron Mountain has revised its full-year financial outlook upward, driven by a surge in demand for data center space required to support artificial intelligence development. The company reported first-quarter adjusted funds from operations of $1.43 per share, exceeding analyst estimates of $1.26. Consequently, Iron Mountain...

Bullish Signals

  • Raised full-year revenue forecast to $7.83-$7.93B.
  • Increased annual AFFO guidance to $5.79-$5.86/share.
  • Q1 adjusted AFFO beat estimates at $1.43/share.
  • Q1 revenue of $1.94B exceeded market expectations.
  • Leased 32MW through April in data center business.

Bearish Signals

  • Iron Mountain first-quarter AFFO missed elevated analyst full-year expectations.
  • Revenue raises suggest initial consensus may exceed future expectations.
  • Data center leasing growth shows signs of potential maturation headwinds.
  • Company relies heavily on a single volatile AI data center driver.
7
Very Bullish +80

Iron Mountain stock just hit a crucial resistance after earnings: is it a good buy?

AI-generated analysis

Iron Mountain stock surged to record highs after reporting strong quarterly earnings on Wednesday, with shares rising 78% from their April lows to reach $125.26 by Thursday, pushing market capitalization above $36 billion. The company reported record revenue of $1.94 billion, a 17.2% year-over-year increase...

Bullish Signals

  • Record revenue hit $1.94B with 17.2% year-over-year growth.
  • Net income surged to $149M from $16M last year.
  • Full-year revenue growth guided at approximately 14%. AFFO up 13%.
  • Data-center leased 32 MW YTD with 400 MW pipeline.
  • Stock hit record high of $125.26, market cap over $36B.

Bearish Signals

  • Valuation at ~20x forward AFFO is significantly above sector median.
  • Data center bets expose stock to compression if demand slows.
  • Stock retests resistance at ~$124.30 after forming double-top pattern.
  • Aggressive expansion could strain resources if growth fails to materialize.
  • 78% rally leaves little margin for error on missed guidance.
8
Somewhat Bullish +45

Wall Street Zen Downgrades Iron Mountain (NYSE:IRM) to Hold

AI-generated analysis

Wall Street Zen downgraded Iron Mountain (NYSE:IRM) from a 'buy' to a 'hold' rating in a report issued on Saturday, July 25th, 2026. This action contrasts with recent bullish sentiment from other major institutions, including JPMorgan Chase, Wells Fargo, Truist Financial, and Barclays, which have...

Bullish Signals

  • Q1 EPS beat at $0.60 vs $0.50 estimate.
  • Revenue grew 21.5% YoY to $1.94 billion.
  • JPMorgan raised target to $138 with 'overweight' rating.
  • Cohen & Steers added $315M, increasing position 20%.
  • UBS holdings surged nearly 600% in Q3.

Bearish Signals

  • Downgraded from buy to hold by Wall Street Zen.
  • Insiders sold 137,260 shares worth $17.36 million recently.
  • Negative return on equity of -91.56% reported.
9
Somewhat Bullish +45

Iron Mountain Incorporated $IRM Shares Bought by Dimensional Fund ...

AI-generated analysis

Dimensional Fund Advisors LP increased its stake in Iron Mountain Incorporated (NYSE:IRM) by 2.8% in the first quarter, purchasing an additional 122,927 shares to hold a total of 4,552,286 shares valued at approximately $464.9 million. This move represents about 1.53% of the company's outstanding stock....

Bullish Signals

  • Beat earnings with $0.60 EPS vs $0.50 consensus.
  • Revenue surged 21.5% YoY to $1.94 billion.
  • Institutions like Dimensional Fund Advisors increased stakes.
  • Wells Fargo and JPMorgan raised price targets.
  • Guidance of $5.79-$5.86 EPS aligns with forecasts.

Bearish Signals

  • Executives sold 137,260 shares worth over $17.3 million.
  • Weiss Ratings downgraded stock from 'hold (c+)' to 'hold (c)'.
  • High P/E ratio of 136.52 suggests expensive valuation.
  • Insider ownership dropped to just 1.70%.
10
Bullish +65

Iron Mountain Stock Up 30.2% in Three Months: Will the Trend Continue? - TradingView

AI-generated analysis

Iron Mountain Incorporated (IRM) shares have rallied 30.2% over the past three months, significantly outperforming the industry's 10.2% growth. The company continues to rely on resilient recurring storage rental revenues supported by strong pricing power and customer retention. In the first quarter of 2026, consolidated...

Bullish Signals

  • IRM shares rallied 30.2% in three months.
  • Storage rental revenues grew 15.4% year over year.
  • Global Data Center revenues surged 47.1% to $254.7 million.
  • Data center EBITDA margins remained robust at 52.1%.
  • Operating portfolio reached 507.2 MW with 97.2% leased utilization.
  • Digital and asset lifecycle businesses grew over 50% year over year.
  • Consolidated service revenues rose 30.6% to $841 million.
  • Analysts revised 2026 AFFO per share estimate to $5.85.
  • Development pipeline expanded to 1.37 GW of total potential capacity.

Bearish Signals

  • Aggressive pricing pressure from competitors may hurt prospects.
  • High interest expenses could impact net income and cash flow.
  • Foreign currency movements risk international operations and results.
11
Bullish +75

Iron Mountain raises guidance after Q1 earnings beat, fueled by growth in digital, data centers

AI-generated analysis

Iron Mountain Incorporated (NYSE: IRM) saw its stock rise 1.7% in premarket trading on Thursday after reporting Q1 earnings that exceeded the company's own expectations. The document storage and data center REIT demonstrated strong performance across its business segments, leading to a boost in its...

Bullish Signals

  • Iron Mountain (IRM) stock rose 1.7% in Thursday premarket trading following a strong Q1 earnings beat that exceeded the company's own expectations.
  • The company raised its 2026 guidance for adjusted FFO per share, revenue, and adjusted EBITDA, positioning both figures above prior guidance and consensus estimates.
  • Growth is being fueled across multiple key segments, including data center, asset life cycle management, digital, and recurring physical records storage.
  • Q1 results exceeded analyst estimates for all major metrics, specifically adjusted FFO per share, normalized FFO, revenue, and adjusted EBITDA.

Bearish Signals

  • The article is overwhelmingly positive, detailing an earnings beat and raised guidance; consequently, no specific negative points or risks are present in the provided text.
  • No downward trends, regulatory concerns, competitive threats, or downside catalysts are mentioned in the content.
12
Slightly Bullish +25

Allspring Global Investments Holdings LLC Purchases 22,562 Shares of ...

AI-generated analysis

Allspring Global Investments Holdings LLC increased its stake in Iron Mountain Incorporated (NYSE:IRM) by 66.6% during the first quarter, purchasing an additional 22,562 shares to hold a total of 56,453 shares valued at $5.7 million. Several other institutional investors, including Garton & Associates and Beaird...

Bullish Signals

  • Stake increased 66.6% by Allspring Global Investments.
  • Barclays raised target to $143 with 'overweight' rating.
  • JPMorgan Chase set objective at $138, 'overweight'.
  • Zacks upgraded from 'strong sell' to 'hold'.
  • Institutional ownership stands at 80.13%.

Bearish Signals

  • Dividend payout ratio is extremely high at 380.22%.
  • CEO sold 38,474 shares worth $4.7 million.
  • Insiders sold 137,260 shares worth $17.4 million.
  • P/E ratio of 137.08 implies elevated valuation risks.
  • Weiss Ratings downgraded stock from 'hold (c+)' to 'hold (c)'.
13
Slightly Bullish +25

D.A. Davidson & CO. Increases Position in Iron Mountain Incorporated ...

AI-generated analysis

D.A. Davidson & CO. increased its position in Iron Mountain Incorporated (NYSE:IRM) by 17.9% during the first quarter, purchasing an additional 5,832 shares to hold a total of 38,481 shares valued at $3.93 million according to recent SEC filings. Several other institutional investors also adjusted...

Bullish Signals

  • D.A. Davidson increased position by 17.9% in Q1.
  • Beaird Harris boosted holdings by 17,500%.
  • Multiple new institutional investors entered positions in Q3 and Q4.
  • Wells Fargo raised price objective to $135.00.
  • Truist Financial set bullish target of $140.00.

Bearish Signals

  • Insiders sold 137,260 shares worth $17.36 million recently.
  • Dividend payout ratio is unsustainable at 380.22%.
  • P/E ratio of 135.96 indicates expensive valuation.
  • Weiss Ratings downgraded stock from c+ to c.
  • Zacks Research previously held strong sell rating.
14
Bullish +62

Chicago Partners Investment Group LLC Buys 4,377 Shares of Iron ...

AI-generated analysis

Institutional investor Chicago Partners Investment Group LLC significantly increased its stake in Iron Mountain Incorporated (NYSE:IRM) by 69.3% in the first quarter, adding 4,377 shares to a total holding of 10,693 shares valued at $1.092 million. Several other smaller institutional investors also established new positions...

Bullish Signals

  • Beat Q1 estimates with $0.60 EPS vs $0.50 consensus.
  • Revenue surged 21.5% YoY to $1.94 billion.
  • JPMorgan raised target to $138 with 'overweight' rating.
  • Barclays lifted target to $143, maintaining 'overweight'.
  • Paid quarterly dividend of $0.864 for 2.8% yield.
  • Institutional ownership stands strong at 80.13%.

Bearish Signals

  • Director Rakowich sold 757 shares, reducing position by 40.01%.
  • Director Arway sold 1,892 shares, a 4.50% decrease.
  • Insiders sold 137,260 shares worth $17.36 million in 90 days.
  • High P/E ratio of 135.83 suggests elevated valuation.
  • Weiss Ratings downgraded outlook from c+ to c.
15
Bullish +65

Is Iron Mountain Stock Underperforming the Nasdaq? - inkl

AI-generated analysis

Iron Mountain Incorporated (IRM), a Portsmouth, New Hampshire-based REIT specializing in records management, data solutions, and information destruction, serves diverse industries including banking, healthcare, and life sciences. With a market capitalization exceeding $37.9 billion, the company is classified as a large-cap stock, reflecting its significant...

Bullish Signals

  • Q1 revenue grew 21.5% to $1.9 billion.
  • AFFO per share rose 22.2% to $1.43.
  • Stock gained 53.4% year-to-date outpacing Nasdaq.
  • Trading above key moving averages since January.
  • Strong Buy rating from 12 analysts.
  • Market cap stands at $37.9 billion.
16
Bullish +65

Iron Mountain Incorporated Upsizes and Prices Debt Offering - marketscreener.com

AI-generated analysis

Iron Mountain Incorporated (NYSE: IRM) has successfully priced an upsized debt offering totaling $1.5 billion in aggregate principal amount of its 6.250% Senior Notes due 2035. This represents a significant increase of $500 million from the previously announced $1.0 billion target, indicating strong investor demand...

Bullish Signals

  • Upsized debt offering by $500 million.
  • 2035 notes lock in fixed-rate financing.
  • Proceeds pay down revolving credit facility.
  • Subsidiary guarantees enhance credit quality.
17
Somewhat Bullish +35

Iron Mountain (NYSE:IRM) CEO Sells $4,389,113.92 in Stock - MarketBeat

AI-generated analysis

Iron Mountain (NYSE:IRM) reported quarterly revenue of $2.03 billion and earnings per share (EPS) of $0.60, surpassing analyst expectations of $1.97 billion in revenue and $0.54 in EPS. The company also declared a quarterly dividend of $0.864 per share, offering a 3.1% yield to shareholders...

Bullish Signals

  • Revenue hit $2.03B, beating estimates of $1.97B.

Bearish Signals

  • CEO sold shares, reducing stake by 50% amid price decline.
  • Shares fell 2.0% to $111.96 after earnings and sale.
  • Wall Street Zen downgraded from 'Buy' to 'Hold'.
18
Somewhat Bullish +45

Iron Mountain (IRM) Stock Could Be 21.6% Undervalued After Upsized $1.5b Notes Deal - simplywall.st

AI-generated analysis

Iron Mountain (IRM) has completed an upsized fixed income offering, issuing $1.5 billion in new 6.250% senior notes due 2035, exceeding its initial plan of $1.0 billion. The proceeds are designated for debt repayment. Following this financing activity, the stock price declined by 2.16% over...

Bullish Signals

  • Undervalued by 21.6% with $160 fair value estimate.
  • Strong recurring revenue in healthcare, banking, and government.
  • Low churn due to critical compliance requirements.
  • Pivoting to higher-growth digital and data center services.
  • 50.70% YTD return and 250.38% five-year TSR.

Bearish Signals

  • High P/E of 137.1x vs 20.4x peer average.
  • $1.5B debt at 6.25% interest rate pressure.
  • Data center expansion projects may underperform.
19
Somewhat Bullish +45

What Does Iron Mountain's New Debt Offering Signify - Kavout

AI-generated analysis

Iron Mountain Incorporated (NYSE: IRM) announced on June 15, 2026, a proposed private offering of $1.0 billion in Senior Notes due 2035. This strategic move aims to optimize the company's capital structure by repaying a portion of its revolving credit facility and funding general corporate...

Bullish Signals

  • Q1 2026 revenue hit $1.94B, up 21.6% year-over-year.
  • Growth businesses surged over 50% in Q1 2026.
  • Legacy business generates ~70% gross margins and strong cash flow.
  • Current ratio of 3.72 ensures adequate short-term liquidity.
  • 92% of capex funds growth initiatives for future expansion.

Bearish Signals

  • High Net Debt/EBITDA of 8.37x.
  • Negative shareholder equity and book value of -$2.95.
  • Negative free cash flow of -$2.12 per share.
  • Lofty P/E ratio of 138.34x.
  • Digital transformation threatens physical storage demand.
  • Cybersecurity breach risks in data operations.
  • Dividend payout ratio of 356.8%.
20
Bullish +75

Iron Mountain (IRM) Price Target Increased to $140 by Truist

AI-generated analysis

Truist analyst Tobey Sommer has increased the price target on Iron Mountain Inc. (NYSE:IRM) to $140 from $130, maintaining an Overweight rating following better-than-expected first-quarter financial results reported on April 30. The quarter saw total revenues surge 21.6% year-over-year to $1.9 billion, with net income...

Bullish Signals

  • Analysts raised Iron Mountain (NYSE:IRM) targets and maintained Buy ratings.
  • Iron Mountain revenues jumped 21.6% to $1.9 billion in Q1.
  • Net income surged significantly to $149 million from $16.2 million.
  • Company leased 32 MW capacity and has 400 MW pipeline available.
  • Full-year revenue guidance increased, projecting $7.825-$7.925 billion growth.
  • Average price target is $138, an 8.50% upside to current price.

Bearish Signals

  • Analysts raised price targets only marginally to $140 and $138.
  • 2026 revenue guidance of $7.8-$7.9B may be overly optimistic.
  • Other AI stocks offer better upside with less downside risk.
  • Slow lease realization risks slower-than-expected revenue from data center pipeline.