Iron Mountain (IRM) Beats Q2 2026 Earnings as Data Centers Surge
As seen on the 24/7 Wall St. homepage on August 5, 2026.
Data centers, digital and asset lifecycle now drive the growth story, together up more than 50% year over year. Management raised full-year revenue guidance to $7.94 billion to $8.01 billion, so keep an eye on the data center backlog next.
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Iron Mountain reported Q2 2026 earnings per share of $0.60, clearing the consensus estimate of $0.56 by roughly 7.5%. Revenue came in at just over $2.03 billion, about 3% ahead of the $1.97 billion analysts had expected. The results continue a recent pattern of beats: IRM has topped EPS estimates in five of the last six quarters.
The growth story is increasingly centered on Iron Mountain's newer businesses. Data centers, digital services, and asset lifecycle management combined grew more than 50% year over year, signaling that the company's long-running pivot away from physical document storage is gaining real momentum. Management followed through by raising full-year revenue guidance to a range of $7.94 billion to $8.01 billion.
With the guidance bump in place, the metric most worth watching is the data center backlog, which will indicate how much of that growth is already contracted versus still to be won. The EPS history also shows some quarter-to-quarter variability — Q3 2025's reported figure of $1.32 stood well above the surrounding quarters — so investors will want to see whether the $0.60 run rate holds into the second half of the year.
Mentioned: IRM