Iron Mountain (NYSE:IRM) Updates Q3 2026 Earnings Guidance

Iron Mountain (NYSE:IRM) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.470-1.470 for the period, compared to the consensus estimate of 1.350. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Iron Mountain also updated its FY 2026 guidance to 5.870-5.930 EPS.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Truist Financial set a $140.00 target price on Iron Mountain in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their target price 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. Weiss Ratings upgraded shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Iron Mountain Stock Performance

Shares of NYSE:IRM traded up $1.34 during midday trading on Wednesday, hitting $126.85. 1,773,480 shares of the stock were exchanged, compared to its average volume of 1,785,660. The business’s 50-day moving average price is $125.05 and its 200 day moving average price is $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 $37.74 billion, a price-to-earnings ratio of 139.24 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $0.54 by $0.90. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. During the same quarter in the prior year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, sell-side analysts expect that Iron Mountain will post 5.4 EPS for the current year.

Insider Buying and Selling

In other Iron Mountain news, Director Pamela M. Arway sold 1,892 shares of Iron Mountain stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $128.97, for a total transaction of $244,011.24. Following the transaction, the director directly owned 40,196 shares of the company’s stock, valued at approximately $5,184,078.12. The trade was a 4.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the sale, the director owned 1,135 shares in the company, valued at $141,250.75. This trade represents a 40.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 137,260 shares of company stock valued at $17,361,672 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Iron Mountain News Summary

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

• Positive Sentiment: Second-quarter results beat expectations. Iron Mountain reported adjusted earnings of $1.44 per share, above the $1.40 consensus estimate, while revenue rose 18.5% year over year to $2.029 billion, slightly exceeding forecasts. Net income improved to $106.1 million from a year-ago loss. Iron Mountain Reports Second Quarter 2026 Results
• Positive Sentiment: Growth businesses delivered strong momentum. Data center, digital and ALM revenue collectively grew more than 50% year over year. Data center leasing reached 110 megawatts year to date, including 75 megawatts signed in July, supporting expectations for continued expansion. IRM Q2 AFFO Beats Estimates on Data Center and ALM Growth
• Positive Sentiment: 2026 guidance was raised. Full-year EPS guidance of $5.87-$5.93 is well above the $5.40 analyst consensus, while revenue guidance is $7.94-$8.01 billion. Third-quarter EPS guidance of $1.47 also exceeds the $1.35 consensus. The company declared a quarterly dividend of $0.864 per share, payable October 2. Iron Mountain 2026 Outlook
• Neutral Sentiment: Investors should weigh valuation and insider activity. IRM trades near its 52-week high with a high reported P/E ratio, while recent insider activity shows selling but no purchases. Institutional positioning was mixed, with some large investors adding shares and others reducing exposure.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Kovack Advisors Inc. bought a new stake in Iron Mountain during the fourth quarter valued at $277,000. Cardiff Park Advisors LLC bought a new position in shares of Iron Mountain in the 3rd quarter worth about $274,000. Certuity LLC acquired a new position in shares of Iron Mountain in the 3rd quarter valued at about $267,000. Marex Group plc bought a new stake in shares of Iron Mountain during the 4th quarter valued at about $253,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Iron Mountain by 145.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,399 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 1,421 shares in the last quarter. 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.