Iron Mountain (NYSE:IRM) Updates FY 2026 Earnings Guidance
by Doug Wharley · The Cerbat GemIron Mountain (NYSE:IRM – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.790-5.860 for the period, compared to the consensus earnings per share 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.
Iron Mountain Price Performance
Shares of NYSE:IRM traded up $11.14 during trading on Thursday, reaching $125.66. 5,039,096 shares of the company’s stock traded hands, compared to its average volume of 1,331,633. Iron Mountain has a 12 month low of $77.77 and a 12 month high of $126.43. The company has a 50 day moving average of $108.73 and a 200-day moving average of $98.25. The stock has a market capitalization of $37.38 billion, a P/E ratio of 261.80 and a beta of 1.13.
Iron Mountain (NYSE:IRM – Get Free Report) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.91. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. Iron Mountain had a net margin of 2.10% and a negative return on equity of 99.59%. Iron Mountain’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. 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. Equities research analysts predict that Iron Mountain will post 5.26 earnings per share for the current fiscal year.
Iron Mountain Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s payout ratio is presently 720.83%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on IRM. Zacks Research lowered shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Loop Capital set a $130.00 target price on shares of Iron Mountain in a research note on Wednesday, March 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their target price on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Barclays boosted their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.60.
Read Our Latest Stock Report on IRM
Insider Activity at Iron Mountain
In other news, Director Jennifer Allerton sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $108.88, for a total value of $762,160.00. Following the completion of the sale, the director directly owned 11,541 shares of the company’s stock, valued at approximately $1,256,584.08. This represents a 37.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mithu Bhargava sold 59,725 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total transaction of $6,248,429.50. Following the completion of the sale, the executive vice president directly owned 16,054 shares of the company’s stock, valued at approximately $1,679,569.48. This represents a 78.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 451,648 shares of company stock valued at $48,297,449. 1.70% of the stock is currently owned by insiders.
Trending Headlines about Iron Mountain
Here are the key news stories impacting Iron Mountain this week:
- Positive Sentiment: Q1 results and guidance lift outlook — IRM reported Q1 revenue of about $1.94B (≈+21% YoY) and EPS that beat expectations; management raised FY2026 EPS guidance to a range near $5.79–5.86 and set Q2 EPS at $1.40, signaling confidence in demand. Read More.
- Positive Sentiment: AFFO and higher‑growth businesses showing strength — Company reported strong AFFO (~$426M, roughly $1.43/share) and management highlighted momentum in data centers, digital and ALM, which drove the earnings beat and the outlook raise. Read More.
- Positive Sentiment: Dividend reaffirmed — Board declared a quarterly cash dividend of $0.864/share (record June 15, pay July 3), supporting the REIT/income investor case and complementing improving cash‑flow metrics.
- Positive Sentiment: Analyst reaction — At least one note highlighted the quarter as a “blowout” tied to Storage/AI synergy and maintained a Buy stance, reinforcing bullish analyst momentum. Read More.
- Neutral Sentiment: Technical/market context — Post‑earnings the stock pushed into key resistance levels after the rally; traders may watch whether gains hold or meet profit‑taking at resistance. Read More.
- Neutral Sentiment: Earnings call/transcript available — Management commentary in the Q1 call and the full transcript provide more detail on data‑center capacity, AI demand, and capital allocation. Investors should review for pacing of capex and margin cadence. Read More.
- Negative Sentiment: Notable insider selling flagged — Data aggregators show substantial insider sales over recent months (including senior executives), which some investors may view as a governance/valuation caution despite the strong quarter. Read More.
Institutional Trading of Iron Mountain
Institutional investors have recently made changes to their positions in the stock. Freestone Grove Partners LP lifted its stake in shares of Iron Mountain by 39.5% in the 3rd quarter. Freestone Grove Partners LP now owns 2,798 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 792 shares during the period. Vise Technologies Inc. acquired a new stake in Iron Mountain during the fourth quarter valued at approximately $271,000. Brown Brothers Harriman & Co. lifted its stake in Iron Mountain by 24.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,094 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 414 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted 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 valued at $161,000 after purchasing an additional 200 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in 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 during the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.
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.