Iron Mountain Forecasts 2026 Revenue Above Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
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Should l Buy IRM?
Source: Newsfilter
- Revenue Forecast Upgrade: Iron Mountain projects fiscal 2026 revenue between $7.63 billion and $7.78 billion, surpassing Wall Street's estimate of $7.60 billion, indicating strong demand in the data center construction sector.
- AI-Driven Investment Surge: The rise of generative artificial intelligence has prompted companies to significantly invest in data centers, benefiting Iron Mountain as a key player in infrastructure development, thereby solidifying its market position.
- Optimistic Q1 Outlook: The company expects first-quarter revenue of approximately $1.86 billion, exceeding market expectations of $1.80 billion, reflecting its competitiveness in the rapidly growing digital information management market.
- Strong Q4 Performance: Iron Mountain reported fourth-quarter revenue of $1.84 billion, beating the expected $1.80 billion, showcasing its success in digital transformation and boosting investor confidence.
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Analyst Views on IRM
Wall Street analysts forecast IRM stock price to rise
6 Analyst Rating
5 Buy
0 Hold
1 Sell
Moderate Buy
Current: 106.000
Low
111.00
Averages
124.50
High
139.00
Current: 106.000
Low
111.00
Averages
124.50
High
139.00
About IRM
Iron Mountain Incorporated is a provider of information management services. The Company offers a range of services across digital transformation, information security, data center and asset lifecycle management (ALM) needs. The Company helps businesses to unlock value and intelligence from their stored digital and physical assets. It serves to protect its customers’ work. The Company operates through two segments: Global Records and Information Management (Global RIM) Business and Global Data Center Business. The Global RIM Business segment offers various offerings, including records management, data management, global digital solutions, secure shredding, entertainment services, and consumer storage. Its Global Data Center Business segment provides data center facilities and capacity to protect mission-critical assets and ensure the continued operation of its customers’ information technology (IT) infrastructure with flexible data center options.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Significant Earnings Growth: Iron Mountain reported adjusted earnings of 61 cents per share, up from 50 cents last year and exceeding the 59-cent estimate, indicating a sustained improvement in profitability.
- Revenue Continues to Climb: The company achieved total revenue of $1.843 billion, surpassing the $1.803 billion forecast, primarily driven by strong growth in storage rental and service revenues, which increased by 13% and 22%, respectively.
- Optimistic Future Outlook: Iron Mountain expects fiscal 2026 revenue to range between $7.625 billion and $7.775 billion, exceeding the analyst consensus of $7.596 billion, reflecting the company's confidence in future growth.
- Stable Dividend Payout: The board declared a quarterly cash dividend of $0.86 per share, demonstrating the company's ongoing cash flow and profitability, which enhances investor confidence.
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- Quarterly Dividend Announcement: Iron Mountain declares a quarterly dividend of $0.864 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability, which is likely to attract more income-focused investors.
- Dividend Yield: The forward yield of 3.45% offers a relatively attractive return in the current market environment, potentially increasing investor interest in the company's stock.
- Payment Schedule: The dividend is payable on April 3, with a record date of March 16 and an ex-dividend date also on March 16, ensuring shareholders receive timely returns and further solidifying shareholder confidence.
- Financial Performance Highlights: Iron Mountain's Q4 funds from operations (FFO) of $1.01 beat expectations by $0.03, while revenue of $1.84 billion exceeded forecasts by $40 million, showcasing the strong growth potential of the company's core operations.
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- Strong Earnings Report: Iron Mountain's Q4 FFO of $1.01 exceeded expectations by $0.03, showcasing robust core operations that set the stage for future growth.
- Revenue Growth: The company reported Q4 revenue of $1.84 billion, surpassing market expectations by $40 million, reflecting ongoing demand in data storage and management, which boosts investor confidence.
- Future Outlook: With continued efforts in monetizing AI and legacy businesses, the company is poised for stronger growth by 2026, further solidifying its market position.
- Attractive Valuation: Despite current stock performance, the company remains appealing to investors due to discounted valuations and richer yields, indicating long-term investment potential.
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- Significant Revenue Growth: Iron Mountain reported total revenue of $1.84 billion for Q4, exceeding the $1.80 billion consensus and reflecting a 13% year-over-year increase, showcasing the company's robust performance in document storage and data center services.
- Improved Profitability: The adjusted FFO per share reached $1.44, surpassing the Visible Alpha estimate of $1.38, and increased from $1.32 in the previous quarter and $1.24 a year ago, indicating a sustained improvement in the company's profitability.
- Optimistic Future Outlook: The company projects adjusted FFO per share for 2026 to be between $5.69 and $5.79, with revenue expectations of $7.625 billion to $7.775 billion, both exceeding analyst consensus, reflecting strong confidence in future growth.
- Diversified Business Success: The data center, digital, and asset lifecycle management segments collectively grew over 40% year-over-year in the quarter, demonstrating the company's successful diversification strategy and enhancing its competitive position in the market.
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- Revenue Forecast Upgrade: Iron Mountain projects fiscal 2026 revenue between $7.63 billion and $7.78 billion, surpassing Wall Street's estimate of $7.60 billion, indicating strong demand in the data center construction sector.
- AI-Driven Investment Surge: The rise of generative artificial intelligence has prompted companies to significantly invest in data centers, benefiting Iron Mountain as a key player in infrastructure development, thereby solidifying its market position.
- Optimistic Q1 Outlook: The company expects first-quarter revenue of approximately $1.86 billion, exceeding market expectations of $1.80 billion, reflecting its competitiveness in the rapidly growing digital information management market.
- Strong Q4 Performance: Iron Mountain reported fourth-quarter revenue of $1.84 billion, beating the expected $1.80 billion, showcasing its success in digital transformation and boosting investor confidence.
See More








